Extract from “Wong Chen busts ‘myths’ of TPPA’s economic gain”

The Kelana Jaya MP also pointed out that according to the PwC report, sectors that contributed presently to the Malaysian national income– namely oil and gas, palm oil and construction– were all set to face “setbacks” from the TPPA due to increased international competition and labour costs.

Meanwhile, sectors that stood to benefit from the trade pact were electrical and electronics industries, which were primarily owned and controlled by foreign companies, as well as textiles, which was an insignificant contributor to the Malaysian GDP.

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