The Trans-Pacific Partnership Agreement (TPPA) will eventually be accepted as a trade framework, where long-term benefits outweigh short-term adjustment costs, despite initial strong opposition to its implementation.
Oxford Business Group regional editor for Asia, Paulius Kuncinas, said the TPPA was a voluntary agreement with nations given the chance to negotiate their entrance.
"As a trading nation, Malaysia cannot afford to stay outside as it will lose its competitive edge and drift towards pointless isolationism.
"At the same time, there is a strong case for taking time to agree on favourable terms and not rush it," he told Bernama in an interview on Wednesday.
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Oxford Business Group regional editor for Asia, Paulius Kuncinas, said the TPPA was a voluntary agreement with nations given the chance to negotiate their entrance.
"As a trading nation, Malaysia cannot afford to stay outside as it will lose its competitive edge and drift towards pointless isolationism.
"At the same time, there is a strong case for taking time to agree on favourable terms and not rush it," he told Bernama in an interview on Wednesday.
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