Malaysia: U.S. FTA Terminated, Trans-Pacific Partnership Under Discussion

Malaysia terminated its free trade agreement (FTA) with the United States but it is actively negotiating the Trans-Pacific Partnership pact, Malaysian International Trade and Industry Minister Mustapa Mohammad said, Xinhua reported Sept. 12. Mustapa said Malaysia decided to terminate the FTA now since Malaysia has not engaged with the United States for a couple of years. He said Malaysia is an active partner in the new negotiations, engaging in high-level talks regarding specific details like which tariffs to examine and which economic sectors to open, including the financial sector.