Tengku Zafrul: Malaysian exporters set to benefit from preferential tariffs as UK joins CPTPP

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Tengku Zafrul: Malaysian exporters set to benefit from preferential tariffs as UK joins CPTPP
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KUALA LUMPUR, April 1 — Malaysian exporters are set to benefit from additional preferential access into United Kingdom’s market with the latter's eventual accession...

Saturday, 01 Apr 2023 10:53 AM MYT

“We congratulate the UK on its impending membership into the CPTPP, which will mark Malaysia’s first free trade arrangement with the sixth largest economy in the world. With the UK’s eventual accession into the CPTPP, Malaysian exporters will stand to benefit from additional preferential access into the UK’s market.

"With Malaysia and the UK’s historical trading and investment ties, membership into the CPTPP will further enhance this close relationship and foster greater economic cooperation," he added. "We’re signing our first-ever free trade agreement with Malaysia. This gives the UK: access to an economy worth £271 billion in 2021, zero tariffs on UK exports like whisky and cars, more trade and greater share of the market," he wrote.

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