KUALA LUMPUR, Sept 8 — Malaysia is currently on track in ratifying the Comprehensive and Progressive Agreement for Trans-Pacific Partnership , pending a detailed and clear mandate from the Cabinet, said the Ministry of International Trade and Industry .
“A lot of things have to come together before we can go to Cabinet; there is a cost and benefit analysis that has been commissioned that should help us to understand the costs and benefits associated with the CPTPP. “Once done, the CPTPP will come into force 60 days after the ratification instrument submission,” she said.
Meanwhile, the agreement will come into force in Peru on Sept 19, 2021, as the country had submitted its instrument of ratification in July. “The United Kingdom has started a formal accession process to the CPTPP, and as signatories, Malaysia will not be able to block any decision made by the countries which have ratified the CPTPP.
Source: News Formal (newsformal.com)
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