Malaysian expert advises APEC economies to propel CPTPP hinh anh 1Hoo Ke Ping, an independent Malaysian politic and economic expert (Photo: VNA)



Kuala Lumpur (VNA)
– Member economies of the Asia-Pacific
Economic Cooperation (APEC) Forum should boost the implementation of the Comprehensive
and Progressive Agreement for Trans-Pacific Partnership (CPTPP) prioritising the
creation of a condition conducive to the rejoining of the US, the biggest
economy in APEC, said Hoo Ke Ping, an independent Malaysian politic and
economic expert.




In an interview with the Vietnam News Agency, Hoo lauded the
flexible change from the Trans-Pacific Partnership (TPP) into CPTPP after the
US’s withdrawal from the pact under Donald Trump’s administration.

He suggested the forum to be better constructed rather than
just making bold changes based solely on economic cooperation.

The expert said APEC should build an Asia-Pacific free trade
area on the foundation of the CPTPP, and its member economies should be
serious in boosting the implementation of the pact.

APEC comprises 21 member economies which together account
for 60 percent of the world’s gross domestic product (GDP).

The CPTPP is a trade agreement between Australia, Brunei,
Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and
Vietnam./.

VNA

Source Article