CPTPP countries account for almost 22% (RM11bil) of Malaysia’s chemical exports in 2019. Major export destinations were Singapore, Japan and Vietnam
KUALA LUMPUR: The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is set to open access and help boost exports for Malaysian chemical players to Canada, Mexico and Peru via better price competitiveness following substantial elimination of tariffs.
At present, Canada imposes a tariff of up to 270%, Mexico 30% and Peru 9%, said the Chemical Industries Council of Malaysia (CICM) in a statement.
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