Bantah TPPA wants new cost-benefit analysis on resurrected agreement
While economists are largely positive on the resurrection of the Trans-Pacific Partnership (TPP), now known as the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), Bantah TPPA believes that a renewed cost-benefit analysis is warranted to determine the impact of the amended deal on Malaysia. According to Bantah TPPA deputy chairman Azlan Awang, the previous report has become irrelevant after the US pullout. “We should do a new cost-benefit analysis because previously we were told that we will achieve economic gain by having access to the US market, but now (with the US pullout) there is no more benefit there – only cost,” he told SunBiz today. “The people also need to know what are the benefits that they will get as the US is no longer in the pact,” he said. The TPP covered 40% of the world economy before US President Donald Trump abandoned the 12-nation deal in January, following through on a promise made during his presidential campaign. It is now left with 11 member ...