Related Keywords: lost RM5 billion, Malaysia, Malaysian textiles and clothing, textile trade balance, TPP agreemet, TPPA partners, yarn cost, Yarn forward rule
Malaysia being warned by group against the trade deal that with the signing of the Trans Pacific Partnership Agreement (TPPA) by year-end, it could stand to lose RM5 billion annually with the faster increase in imports than its exports.
The TPPA is a free trade agreement involving 11 countries namely Australia, Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam.
Bantah TPPA chairman, Mohd Nizam Mahshar, said that the bigger imports would result in an unfavourable trade balance with a net loss on the country.
