-
Advertorial
-
FOCUS
-
Guide
-
Lifestyle
-
Tech and Vogue
-
TechandScience
-
CHTF Special
-
Nanshan
-
Futian Today
-
Hit Bravo
-
Special Report
-
Junior Journalist Program
-
World Economy
-
Opinion
-
Diversions
-
Hotels
-
Movies
-
People
-
Person of the week
-
Weekend
-
Photo Highlights
-
Currency Focus
-
Kaleidoscope
-
Tech and Science
-
News Picks
-
Yes Teens
-
Budding Writers
-
Fun
-
Campus
-
Glamour
-
News
-
Digital Paper
-
Food drink
-
Majors_Forum
-
Speak Shenzhen
-
Shopping
-
Business_Markets
-
Restaurants
-
Travel
-
Investment
-
Hotels
-
Yearend Review
-
World
-
Sports
-
Entertainment
-
QINGDAO TODAY
-
In depth
-
Leisure Highlights
-
Markets
-
Business
-
Culture
-
China
-
Shenzhen
-
Important news
在线翻译:
szdaily -> World Economy -> 
Malaysia PM urges TPP ‘renegotiation’
    2018-06-12  08:53    Shenzhen Daily

MALAYSIA’S newly elected prime minister called yesterday for the Trans-Pacific Partnership (TPP) to be “renegotiated” and urged protection for small countries in international trade.

Malaysia, along with 10 other countries, pushed ahead with the TPP in March despite Donald Trump having yanked the United States out of the huge multilateral trade deal.

But Mahathir Mohamad told a gathering in Tokyo he was “not very keen” on the agreement.

“We need TPP renegotiated,” he said.

“We have to recognize: Just as there are infant industries, there are infant nations, nations which are just beginning to grow,” he said.

“They need to have some privileges, some protection for themselves, because they are not in a position to compete with the great trading nations, the great manufacturing nations of the world.”

Eleven countries circling the Pacific signed a slimmed-down version of the TPP in March, opting to proceed with the deal after it was left for dead when Trump pulled out to pursue his “America First” agenda.

The U.S. president has since sparked fears of a trade war by levying steep tariffs and denouncing unfair trading practices, even rejecting a joint communique at the G7 summit over trade disagreement.

Mahathir, on his first foreign trip since a surprise election victory last month, said countries like Malaysia needed a helping hand in international trade.

“The countries with little capacity to compete must be given due consideration. It is like playing golf... the weakest people get the highest handicaps,” he said.

“In that way competition would be much fairer.”

The signatories to the TPP represent 13.5 percent of the global economy and a market of 500 million people.

The deal was pushed by former U.S. President Barack Obama’s administration.

It cuts tariffs and requires members to comply with a high level of regulatory standards in areas like labor law and environmental protection. (SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn