The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has significantly boosted Malaysia’s foreign direct investment (FDI), raising it by RM14.9 billion to RM914.9 billion by Q3 2023. FDI from Japan and Australia increased notably, and 181 new projects from CPTPP countries were recorded. The agreement has enhanced Malaysia’s trade by providing preferential tariff treatment and expanding export opportunities. MITI urges businesses and SMEs to leverage CPTPP benefits, including improved access to markets, reduced trade barriers, and support for digital and ESG integration.FDI GROWS BY RM14.9 BLN IN 3Q WITH THE HELP OF CPTPP
The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) has significantly boosted Malaysia’s foreign direct investment (FDI), raising it by RM14.9 billion to RM914.9 billion by Q3 2023. FDI from Japan and Australia increased notably, and 181 new projects from CPTPP countries were recorded. The agreement has enhanced Malaysia’s trade by providing preferential tariff treatment and expanding export opportunities. MITI urges businesses and SMEs to leverage CPTPP benefits, including improved access to markets, reduced trade barriers, and support for digital and ESG integration.
