Sign up | Log in



Home  >>  Daily News  >>  Malaysia News  >> Asean’s Trade Partners >> Trans-Pacifc Partnership: US wants Malaysia to join trade pact

8 May 2010

Trans-Pacifc Partnership: US wants Malaysia to join trade pact

Related Stories

April 10, 2010
Malaysia PM to meet US President Obama at Nuclear Summit

March 29, 2010
Malaysia, India to sign FTA by year end

March 12, 2010
Malaysia considers joining regional trade pact with US

January 24, 2010
 Malaysian firm to take majority stake in Indian highway firm

January 14, 2010
Malaysia seeks more British investments

January 12, 2010
Malaysian PM to talk bilateral FTA with India during visit

December 24, 2009
US awaits Malaysia’s decision on Trans-Pacific Partnership

December 20, 2009
India seeks to attract Malaysian investors to infrastructure projects

December 19, 2009
Malaysian hotel chain sees revenue boost from MICE

The United States said Thursday it was keen for Malaysia to enter negotiations on a trans-Pacific trade deal after the two countries shelved talks on a bilateral agreement, reported AFP.

US Trade Representative Ron Kirk held talks this week with Malaysian Trade Minister Mustapa Mohamed, who traveled with colleagues from Brunei, Indonesia and Laos to Seattle to promote business opportunities across the Pacific.

Mustapa indicated that Malaysia was interested in exploring the Trans-Pacific Partnership, a once-obscure pact revived by President Barack Obama as other trade deals languish before the US Congress.

"It's not my place to telegraph what Malaysia would do, but obviously that is an economy that we are very interested in having join," Kirk told a forum in Washington of the East-West Center.

"We've been very honest in our outreach to them that we think that having them participate in this process makes a more sellable case to the American public than a stand-alone free trade agreement," Kirk said.

US-Malaysia trade talks had dragged on for eight rounds, bogged down in sensitive areas including Malaysia's system of affirmative action for Muslim Malays who dominate the multi-racial population.

The countries involved in the Trans-Pacific Partnership talks are Australia, Brunei, Chile, New Zealand, Peru, Singapore, the United States and Vietnam. Lawmakers from Obama's Democratic Party have been critical of free trade pacts, fearing that they would hurt US workers.

The previous administration of George W. Bush completed negotiations with South Korea on a free trade pact, but the Congress has yet to act on it with Washington seeking more concessions for US automakers. Congress has also held up trade agreements with Colombia and Panama.

Obama has promised to South Korean President Lee Myung-Bak to work to move forward the free-trade agreement, which Seoul sees as crucial to improving the competitiveness of a nation situated between giants China and Japan.

But Obama and his congressional allies have set no deadline and the European Union has since signed its own free trade pact with South Korea. Kirk acknowledged that the Obama administration faced political hurdles to bringing any of the free trade pacts to a vote.

"More important than getting any one deal done is being honest and addressing the underlying, fundamental cynicism that is beginning to creep in" about free trade, Kirk said.

"Too many Americans believe that we've gotten cheap T-shirts and cheaper consumer electronics but that we've shipped all our jobs overseas," he said. Arguing that trade benefits the US economy overall, he said:

"Those of us who believe in trade owe it to ourselves to honestly sit down and listen" to workers' concerns. He acknowledged, however, that "the clock is ticking." "I want to get this done sooner than later," he said of the South Korea free trade pact.

"I don't want to give the European Union or any other group of businesses any more headstart on America."


Comment on this Article. Send them to
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand