Joining CPTPP will help economy recover, Putrajaya told

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The signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership in Santiago, Chile, in 2018. (AFP pic)PETALING JAYA: The effect of Covid-19 on the economy has made it urgent for Malaysia to override trade union concerns and join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), two economists have argued. Laurence Todd of the Institute for Democracy and Economic Affairs (IDEAS) said Malaysia was now in dire need to join a free trade pact. “Clearly, trade and investment are suppressed at the moment,” he said, adding that “the CPTPP presents an opportunity for Malaysia to be more competitive, which is even more important in a culture of suppression”. Shankaran Nambiar of the Malaysian Institute of Economic Research (MIER) said the current circumstances called for a more serious look at the CPTPP. Laurence Todd.“There is an ur…