A recent motion in Malaysia’s parliament last week allows the country to sign and ratify the Trans-Pacific Partnership. The motion passed by a voice vote, according to a local report. Malaysian officials say TPP would be essential to maintain Malaysia's economic growth as a trade-reliant economy. The TPP is expected to open up a market with a population of 800 million and a gross domestic product worth $27.5 trillion to Malaysian companies. The trade deal will remove trade barriers for Malaysian companies with countries like the United States, Canada Mexico and Peru, countries Malaysia has yet to make individual trade pacts with. The agreement is set to be signed by country leaders in New Zealand next month.
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