Sunday, August 11, 2013

Malaysia: Trans-Pacific Partnership Agreement likely to benefit car companies

Via THE STAR:


PETALING JAYA: Malaysia’s impending involvement in the Trans-Pacific Partnership Agreement (TPPA) has set tongues wagging about the potential impact it would have on various industries in the country in particular the local automotive sector.

One argument is that signing such an agreement would open the markets to countries with closed markets, hence putting Malaysia and local car companies at a disadvantage.

It is known that Japanese, South Korean, Chinese and European cars could benefit from the national status of Asean countries, merely by being assembled in those (Asean) countries with a minimum of 40% local content such as batteries, tyres and a few other components.

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