Trans-Pacific Partnership (TPP)

Are you ready for the TPP?

Malaysia's decision to join the Trans-Pacific Partnership (TPP) creates significant opportunities and challenges to local firms.

For many, the way you do business will need to change as the Government fulfils commitments and obligations made to other TPP countries.

New lucrative markets will open up. Markets that you may now need to prioritise in order to globalise and move up the value chain.

So, where do you start?

To begin with, companies need to generate relevant and reliable information with an objective way of understanding where the most significant opportunities and challenges lie.

Impact of TPP on certain sectors

Thematic issues such as Intellectual Property and Labour will have a wide ranging impact across various sectors.

Sectors that are expected to benefit
Sectors that are expected to face some challenges

Sectors that are expected to benefit

Electrical and electronics (E&E) - Large export opportunities from access to US government procurement
Textiles - Yarn forward rule to boost exports and investment in upstream activities
Automotive (including automotive components) - Component manufacturers to benefit from greater market access

Sectors that are expected to face some challenges

Oil and gas - 12 goods and services to be liberalised, and flexibility to accord local preferences will be capped
Palm oil - Potential for production disruptions arising from labour disputes
Construction - Increased competition for specialised contractors, but a high threshold and long transition period will be accorded

How can we help you

Our specialists can help you at each step of your journey to prepare your business for a new economic and trading environment post TPP.

Identify your exposure to opportunities, commitments and obligations based on our iDiagnostic tool
Identify examples of good practice from around the world
Engage with internal and external stakeholders to highlight their views and identify current gaps

Focus on priority parts of your business that iDiagnostic identifies as those most likely to be impacted upon by TPP
Conduct a "Deep Dive" into that part of your business - identify key opportunities, business partners, market entry strategy and implementation steps
Develop a blueprint for the future, reflecting risks and opportunities across your business value chain
Identify material issues (such as tax structuring and supply chain linkages) reflecting market drivers and changing expectations
Get buy-in from all of your key internal and external stakeholders

Identify quick wins that can be implemented in the current year
Develop and embed an integrated strategy across the organisation including governance structure and culture
Adapt systems and controls to provide timely, reliable and relevant information on the progress of executing actions specified in the blueprint