PETALING JAYA: Consumer goods such as electronics and household items as well as food and other non-durable stuff will be more competitively priced under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership , says an economist.
Despite this, he said the greater competitiveness as a result of the CPTPP should help increase product choices while also reducing prices for consumers. He added that SMEs were still under pressure in Malaysia due to years of unfavourable policies, noting that the CPTPP would help.Malaysia’s ratification of the CPTPP has not been without criticism, with Malay Economic Action Council chairman Abdul Halim Husin calling the decision to activate the country’s participation a hasty one.
Source: Tech Daily Report (techdailyreport.net)
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