Corporate News: Government to set Up National Committee to monitor TPPA, says Mustapa

KUALA LUMPUR, March 15 — The government will establish a national committee to monitor, facilitate and oversee the overall implementation of the Trans-Pacific Partnership Agreement (TPPA).

International Trade and Industry (MITI) Minister Datuk Seri Mustapa Mohamed said the committee would consist representatives from ministries and government agencies involved with the TPPA.

“We will inform our Cabinet colleagues before the national committee is set up as we need the cooperation of all ministries,” he told reporters after delivering a speech at the Japan-Malaysia Invest Symposium here today.

Mustapa said the suggestion to set up the committee was discussed with the chairman of the Parliamentary Caucus on TPPA yesterday.

Meanwhile, MITI, in a statement, said the committee and subsidiary bodies to be established would mirror the set-up of the TPP joint commission and sub-committees under the trade agreement.

A separate consultative committee would be formed to gather feedback and assess the impact of the TPPA implementation from time to time.

“The committee will be made up of representatives of industry players, business chambers, small and medium enterprises, non governmental organisations and various other local stakeholders,” it said, adding the government’s engagement with the local stakeholders would continue throughout the entire period before TPPA’s ratification by 2018.

“We hope the formation of both national and consultative committees will assist us in achieving our objectives, which is to ensure that Malaysia will take advantages of the opportunities and mitigate the challenges that the TPPA will bring,” it added.

Source: Bernama

Published on: March 15th, 2016

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