Malaysia not being bullied into TPPA negotiations

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Malaysia is not being bullied by the United States in the Trans-Pacific Partnership Agreement negotiations, both President Barack Obama and Prime Minister Datuk Seri Najib Tun Razak declared.

Najib said Malaysia went into the negotiations on its own accord as Kuala Lumpur was a believer in free trade.

“We were not bullied into it,” he said. “I would like to thank President Obama for his understanding of Malaysia’s sensitivities in the TPPA negotiations,” Najib said.

“We are working around the sensitivities and challenges, and trying to iron out things with the intention of working out a deal in the near future.

“Trade deals are always complex but we are committed to resolving the remaining issues,” he said when asked by an American journalist whether Malaysia was bullied into the negotiations.

Najib said Malaysia was committed to the process of getting the acceptance of the people on the TPPA.

“There will be winners and losers in the process but the benefits far outweigh the disadvantages of the FTA (free trade agreements),” he said.

Malaysia has continuously highlighted specific concerns and sensitivities in the areas of government procurement, state-owned enterprises, bumiputra issues and environment, among others.

Obama in his reply denied Washington was bullying Kuala Lumpur saying it was important for everybody not to jump to conclusions before the final agreement.

He said he was being bullied by his own (Democratic) party on the pact while protests against the agreement were due more to “people being fearful of the future or have invested in the status quo”.

Obama added that he strongly believed that the TPPA was the right thing as it created jobs and businesses which would benefit countries like Malaysia that were transitioning from labour-intensive orientation to high-skilled labour-driven.

To a question on more expensive medicine after the TPPA was concluded, Obama said US companies had done extraordinary work in research and development to provide medical breakthroughs that saved lives around the world.

He, however, said all parties in the TPPA had agreed to find a way to make sure medicine would be available to the poor.

 

 

 

 

 

Source : The Star News | April 28, 2014

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About thomasdinnocenzi

Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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