MEDIA STATEMENT IDEAS: Malaysia cannot withdraw from the CPTPP, impact on
Coherent Identifier About this item: 20.500.12592/916bj4

MEDIA STATEMENT IDEAS: Malaysia cannot withdraw from the CPTPP, impact on

5 December 2022

Summary

IDEAS emphasises that based on the Cost-Benefit Analysis (CBA) published by the Ministry of International Trade and Industry (MITI) in July 2022, being a ratified party to the CPTPP would be a net positive for Malaysia in terms of GDP growth and trade activities. [...] We trust that the newly appointed Minister of International Trade and Industry will make a wise decision after seeking counsel from industry players and advisors within the ministry." IDEAS points to the quantitative findings of the Cost-Benefit Analysis (CBA) that was released by MITI in July of this year, which suggested that ratifying the CPTPP would be a net positive for Malaysia. [...] Looking at the concerns raised about the specific provisions of the agreement, the past reports on TPP and CPTPP both found that the Investor-State Dispute Settlement (ISDS) mechanism would lead to better levels of investor protection, while allowing Malaysia to retain its policy space. [...] While the ratification of the agreement marks an important milestone, we encourage a continuous assessment on the impact of the CPTPP on the ground, to take place within the country and among the CPTPP members. [...] The appointment of IDEAS and ISIS by MITI as part of the CPTPP review think tank network marks Malaysia’s commitment to continue to assess the benefits of CPTPP post-ratification.

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