Malaysia to be the biggest winner from CP TPP: Moody's

Malaysia is set to be the biggest winner from the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CP TPP), said Moody’s.

Friday, March 09, 2018 18:36

Malaysia to be the biggest winner from CP TPP: Moody's ảnh 1

Representatives of members of trade deal pose together after the signing agreement ceremony in Santiago, Chile on March 8 (Photo: Reuters)

KualaLumpur (VNA) - Malaysia is set to be the biggest winner from theComprehensive and Progressive Agreement for Trans-Pacific Partnership (CP TPP),said Moody’s.

Moody’s quoted the Peterson Institute for International Economics (PIIE) assaying that it is because real income effects of CP TPP would be the highestfor the country.

The deal will provide Malaysia with export access to new markets includingCanada, Peru and Mexico, benefiting palm oil, rubber and electronics exporters,Moody’s added.

Forother members, it said the trade pact will boost exports and incomes and helpto sustain reform efforts in a number of countries.

However,the gains from CP TPP will be smaller without US participation, it said. Moody’scited PIIE statistics which said CP TPP will generate real income gains of 157billion USD for member countries, compared to 465 billion USD from the originalTPP. - VNA

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#Malaysia #Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CP TPP)#Moody's #real income effects #vietnamplus #Vietnam News Agency

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