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Malaysia-U.S. abandons FTA

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Following the visit to Malaysia by U.S. Assistant Secretary of State for East Asian and Pacific Affairs Kurt Campbell, it is now clear that the much hated Malaysia-U.S. Free Trade Agreement (FTA) is trashed and will not be an issue in the relations between the two nations. Campbell is said to have revealed that the U.S.A. will prefer to deal with Malaysia under the framework of the Trans Pacific Partnership (TPP) instead. The United States and Malaysia initiated negotiations on a Free Trade Agreement (FTA) in June 2006. The last round of negotiations was in Washington, D.C. in July 2008. While solid progress has been achieved, significant work remains to conclude the agreement. The issues identified in this report have also been included in the FTA negotiating process.
News reports the following day by the local press quoted Dr. Campbell for saying the U.S. favors Malaysia’s involvement in the Trans Pacific Partnership (TPP) compared to a free trade agreement (FTA) and U.S. will continue to take active role in providing support to the littoral states of the Malacca Straits to combat terrorism.
The Trans-Pacific Partnership is a potential platform for economic integration across the Asia Pacific region. The United States will engage with an initial group of seven like-minded countries, Singapore, Chile, New Zealand, Brunei, Australia, Peru, and Vietnam, to craft a platform for a high-standard, comprehensive agreement - one that reflects U.S. priorities and values - with these and additional Asia-Pacific partners.
More news will come later on this matter.



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Malaysia-U.S. abandons FTA
Monday, 15 March 2010

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