Malaysian economy strong, dynamic even without TPPA

Malaysian Prime Minister Datuk Seri Najib Razak announced on Tuesday that Malaysian economy remains strong, dynamic and full of potential as well as opportunities with its trading partners even without the Trans-Pacific Partnership Agreement (TPPA). New Straits Times Online reported on Wednesday.

He said Malaysia and the rest of TPPA members would hold a meeting soon to discuss their next direction and move.

“Whatever the conclusion of the meeting, I would like to explain that we should not be worried on Malaysia’s economy if the TPPA did not materialize,” he said in his latest posting.

He said Malaysia had strong bilateral ties with China and Japan and the trade value with China this year was expected to reach US$100 billion.

“We are also a member of the Asean Free Trade Area and have bilateral free trade agreements with India, New Zealand and Australia.

Additionally, the prime minister said Malaysia will continue efforts to finalise the Regional Comprehensive Economic Partnership involving China and India with a consumer market that is much bigger than the TPPA.