Wed, Jul 24, 2013 - Page 15 News List

Japan joins US-led TPP trade talks

Reuters, KUALA LUMPUR

“This is another attempt by America to let their huge corporations penetrate the markets of the small countries, in particular, government procurements,” he wrote this month.

Trade-dependent Malaysia has said the TPP is crucial for expanding its export markets, predicting an extra 10 percent of its trade would have preferential treatment under the deal.

Malaysia has already won protection in some crucial sectors, including government procurement and defense, a source with knowledge of the talks said. However, there has been limited progress in other sensitive areas, including state-owned firms.

“That’s an area where there is currently very little movement,” the source said.

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