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Trans-Pacific Partnership Agreement Case Study

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Trans-Pacific Partnership Agreement (TPPA)
1. Expectation on the market in the implementation of TPPA The Trans-Pacific Partnership Agreement (TPPA) will cause the impacts on several critical aspect of Malaysian life as a whole if it is going to be implemented in the future, said by the Malay Economic Nation Council (MTEM). The TPPA aims to achieve vast numbers of free trade laws, giving an opportunity to those giant nations such as America or members of TPPA to penetrate into the local Malaysia industries, competing for the goods and services. If the Malaysia is going to join the TPPA, the market is expected to increase the GDP by 5.6 % and the export market is expected to increase almost 11.9%, gaining over US$41.7 billion increase in exports and US$26.3 billion in income gains by 2025.

2. Challenges to implement TPPA The implementation of TPPA possess many challenges when it become a reality in 2018, which has recently approved at special sitting of Dewan Rakyat at 28th …show more content…

This is because the elimination and reduction of duties for the textile and apparel products will provide better access to new market such as US, Canada, Mexico and Peru.

4. Possible industry at disadvantage and badly effected The industry that might be badly affected is the pharmaceutical industry because of the strict intellectual property laws by the TPPA. The intellectual property (IP) rules will rise the patent and data protections for pharmaceutical companies, the price of medicines will increase incredibly high as well as the prevention of generic drugs into the market. Therefore it will be a critical situation to the pharmaceutical companies because they might be cannot afford the skyrocketing cost of medicine for serious illness such as AIDS and cancer.

5. Survival of logistics industry in

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