Malaysia Hotline: +603- 2141 8908
The
World Bank believes Malaysia's GDP growth could potentially enjoy an additional
8 per cent rise on top of its normal annual growth starting 2030 onwards on the
back of the TPP free trade agreement to which Malaysia is now a signatory.
The
World Bank's Senior Director for Global Practice on Trade and Competitiveness
Anabel Gonzalez said that the world organisation crunched the numbers on the
basis of parameters like tariff measures (reduction of tariffs) and non-tariff
measures and the results projected an additional 8 per cent GDP growth.
"The 8 per cent is an additional growth, on top of the normal
growth," she said. She was speaking to reporters on the sidelines of the
Asian Strategy and Leadership Institute's (ASLI) Strategic Issues Forum and
Corporate Malaysia Roundtable here today.
Gonzalez
highlighted two important time markers for TPP signatories: 2018 when the TPP
comes into force and 2030 when the full implementation of the TPP takes place
among the member countries. The interim, between 2018 and 2030 is a period of
liberalisation and a period of reduction of tariffs, she explained, and that
period ends with the tariffs theoretically reaching zero between the countries
involved in TPP.
Contact
us
If
you have further queries, please contact Tannet
24
hours Malaysia hotline：603-21418908;
24
hours Hong Kong hotline：852-27837818;
24
hours Hong Kong hotline：86-755-
36990589;
Email:
mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my