e-version flyer v4 hi-res...are you ready for the trans-pacific partnership? malaysia's...
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Are you ready for the Trans-Pacific Partnership?
Malaysia's decision to join the Trans-Pacific Partnership (TPP) creates significantopportunities 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.
Speak to us todayDatuk Mohd Anwar YahyaSenior Director andPublic Sector LeaderPricewaterhouseCoopers Capital Sdn. Bhd.03 2173 [email protected]
Tan Siow MingSenior Executive Director andDeals LeaderPricewaterhouseCoopers Advisory Services Sdn. Bhd.03 2173 [email protected]
Patrick Tay Soo EngExecutive DirectorEconomics and PolicyPricewaterhouseCoopers Capital Sdn. Bhd.03 2173 [email protected]
Tengku Muhammad TaufikExecutive DirectorCapital Projects and InfrastructurePricewaterhouseCoopers Capital Sdn. Bhd.03 2173 [email protected]
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.
Ask yourself
Impact of TPP on certain sectors
How exposed am I to the obligations andcommitments thatMalaysia has signed upto under TPP?
Do I understand what opportunities these new markets may present and do I have the relationships and capacity to be successful in entering those markets?
Am I ready to competeglobally?
• 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
Where are you now?
Sectors that are expected to benefit1. Electrical and electronics (E&E) - Large export opportunities from access to US government procurement2. Textiles - Yarn forward rule to boost exports and investment in upstream activities3. Automotive (including automotive components) - Component manufacturers to benefit from greater market access
Sectors that are expected to face some challenges 1. Oil and gas - 12 goods and services to be liberalised, and flexibility to accord local preferences will be capped2. Palm oil - Potential for production disruptions arising from labour disputes3. Construction - Increased competition for specialised contractors, but a high threshold and long transition period will be accorded
Where do you want to be?
How do you get there?
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4 of the 12 TPP countries are new free trade agreement (FTA) partners for Malaysia - Canada, Mexico, Peru and the US. These 4 countries have a market size of
USD21 trillion.
Total populationof TPP market:
809million people
Total market sizeof TPP market:
USD27.8 trillion;equivalent to
40% of global GDP
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 tradingenvironment post TPP.
Thematic issues such as IP and Labour will have a wide ranging impact across various sectors.
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