No plans to ratify any more FTAs, Parliament told

Published on 1 Mar 2023 2:17:31 PM

There are no plans by Malaysia to ratify any more free trade agreements (FTA) for the time being, says Liew Chin Tong.

The Deputy International Trade and Industry Minister said in Dewan Rakyat on Wednesday (March 1) when replying to Tebrau MP Jimmy Puah Wee Tse, who asked if Malaysia was considering entering into other FTAs apart from the Comprehensive & Progressive Agreement for Trans-Pacific Partnership (CPTPP) and Regional Comprehensive Economic Partnership (RCEP) which were ratified last year.

Liew said that the current government would go ahead with the CPTPP and RCEP which was ratified by the previous administration, and to a question by Kemaman MP Che Alias Hamid, Liew said the CPTPP will not prohibit the government from providing subsidies to farmers and fishermen involved with exports, and would not completely abolish import duties for agricultural goods in a drastic manner.