Prime Minister Anwar Ibrahim emphasizes the need for collaborative effort to maximize the benefits of CPTPP for both nations.
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership ( CPTPP ) presents significant opportunities for expanded trade, investment, and knowledge sharing between Malaysia and the United Kingdom (UK), but achieving its full potential requires dedicated effort. Prime Minister Datuk Seri Anwar Ibrahim acknowledged this during a lecture at the London School of Economics, stating, “We have promises to keep, and miles to go before we can call it a day. Hard work still lies ahead.
” He emphasized the importance of proactive capacity building and technical cooperation under CPTPP, not just for large corporations but especially for the millions of small and medium enterprises (SMEs) in both Malaysia and the UK. Anwar, who also serves as Malaysia's Finance Minister, stressed the need to fully leverage the agreement's potential to foster shared growth, create inclusive opportunities for businesses and communities, and optimize the linkages between the two nations. He highlighted the welcoming of the UK's recent accession to CPTPP as a landmark development, marking the first free trade agreement to connect the two countries. CPTPP, an Asia-Pacific trade bloc comprising 11 original members (Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam) plus the UK, offers high-quality provisions, including comprehensive tariff reductions, streamlined rules, and enhanced investment protection. These provisions open new markets for both British and Malaysian companies, according to Anwar
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