UN Study Shows Net Loss For Malaysia in TPPA In UN Report, Rashmi Banga of ECIDC says that Malaysia will have an unfavourable balance of trade (BOT, defined as exports minus imports) of negative US300 million / year specifically to the United States. In 2013, Malaysia exported US$93.7 billion of goods to the other 11 TPPA countries, and imported US$73.9 billion of goods. Malaysia thus enjoyed a surplus in its trade balance with the 11 countries of US$19.8 billion. The research shows that once the TPPA is implemented, Malaysia’s exports to the 11 countries will increase by US$1.5 billion (from US$93.7 billion to US$95.2 billion). But its imports will rise by more than that, i.e. by US$2.9 billion (from US$73.9 billion to US $76.8 billion). Therefore, the BOT for Malaysia with its 11 TPPA partner countries will worsen by US$1.465 billion (or RM4.79 billion). Its trade surplus will fall from US$19.84 billion to US$18.37 billion. This means that Malaysia will not have no net gains from the increased trade resulting from the TPPA. As imports will rise faster than exports, Malaysia will suffer a net loss in its trade balance. The loss is significant, i.e. US$1.465 billion or RM4.79 billion per annum. NIZAM MASHAR, BANTAH TPPA
Posted on: Tue, 21 Oct 2014 08:49:23 +0000
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