Tuesday, 6 October 2015

DS Najib Checkmate Malaysia Instant Economist

Panic is a sudden desertion of us, and a going over to the enemy of our imagination. Ask five economists and you'll get five different explanations six if one went to Harvard. If you five instant economists (FB Economists), you will get 10,000 explanations.

Basically, the majority of Malaysians, especially the 'instant economist' against the TPP agreement which feared would violate the country's sovereignty. The Trans-Pacific Partnership agreement started as Trans-Pacific Strategic Economic Partnership agreement between Brunei, Chile, Singapore and New Zealand that came into force on May 1, 2006.

In 2008, the United States expressed interest in entering into talks with the four countries to liberalise trade in financial services and Australia, Vietnam and Peru. Malaysia joined in 2010, and Canada and Mexico joined in 2012. Japan was the last to join the talks in 2013, making it the 12th country to enter the TPP talks. Recently, South Korea has also officially expressed interest to join the talks. Malaysia is a country which ranks geographic range of the Pacific rim indispensable for the success of the TPP. Success completing TPPA, United States being the most powerful economic power, thus reducing competition and the threat that China is now growing stronger.

What will Malaysia expect to gain from TPPA? With the TPP, Malaysia will theoretically gain access to a market of 800 million people with a combined GDP of US$27.5 trillion. The Peterson Institute of Economics says Malaysia stands to gain over US$41.7 bil (RM133.9 bil) increase in exports and US$26.3 bil in income gains by 2025 if it stays on the TPP track. Malaysia is an open economy that is heavily reliant on international trade, the Malaysian government believes the TPP will open doors to many markets. Of course, Malaysian government also expect the unexpected. That is why, the negotiation, review and discussion need to be thorough before signing or agreeing to any. In fact, TPPA issues has not been resolved by US Congress, even though the Senate had approved it. Concerns about the unemployment problem would be piled up in his own country, make the US Congress took a more cautious stance. In fact there is a lot of opposition to the TPP among Americans with their own presidential candidate, Donald Trump said, "The new trade deal (TPPA) is a disaster."

I believed Malaysian government are taking all this into serious consideration. Malaysian opposition having a really different thought. After they failed on their attempt including going to the US to convinced US government to intervene and arrest DS Najib of some of these include persecution before the so-called Najib will by arresting and interrogate DS Najib by the FBI, Scotland Yard, London Metro Police etc. Now they, the opposition trying to cover their failure attempt by slandering DS Najib had signed TPPA in Atlanta. 

There will be 222 MP and others whom will be discussing TPPA. Why are they still barking? We vote those people to become our representatives. So have some faith on them to make good, wise and precise decision. Stop those baseless accusation's. There will be a very long discussion over this matter with no less than 2 years if we agree to sign before the implementation take place. DS Najib is a wise countryman. He will never let this country down for any reason. Thats for sure. 

1 comment:

  1. aku tak sangka begitu POWER Najib bila balik dari Amerika..dah ada talian hayat kot..ha.ha..(sori kalau tak betul)


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