RCEP, CPTPP to boost Malaysia's external trade beyond 2023
Kuala Lumpur (VNA), Feb. 2 -- Malaysia's external trade activities are expected to expand steadily beyond 2023 amid the impact of new trade agreements, apart from elevated commodity prices and lower interest rates, according to a research released on February 2 by Malaysia n Industrial Development Finance Berhad ( MIDF ).
The research house said the Regional Comprehensive Economic Partnership (RCEP) and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) were also expected to lift the external trade performances in 2024.
As of 2022, RCEP members contributed 58.1% of Malaysia's total trade while CPTPP members accounted for 27.5%, it noted.
Under those two free trade agreements (FTAs), Malaysian products are abl...
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