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 senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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