TPPA has strongest anti-corruption standards, says Obama
21 November 2015The Malaysian Insider
United States President Barack Obama today said that the Trans-Pacific Partnership Agreement (TPPA) has the strongest anti-corruption standards compared to any other trade deal.
Speaking at the Asean Business and Investment Summit 2015 at the Shangri-La Hotel in Kuala Lumpur, Obama said that this would lead to more accountable government among trade partners.
“It requires countries to have laws against corruption, including bribing public officials,” he said today.
“It requires countries to enforce these laws,” he added.
Obama also described the agreement as the one that has the highest standards compared to any other trade deals of the past.
“Not only will it boost jobs, it will also establish stronger trade rules for Asia Pacific,” he said.
His speech at the summit today was a strong promotion of TPPA, the US-led trade initiative which has 12 member nations, including Malaysia.
All the nations had agreed to the pact, but individual members are yet to ratify it.
“I am confident that we will pass this through in the United States and we will move on,” he said.
He said that the TPPA will also have the highest standards for environment, human rights, and labour compared to other trade deals. – November 21, 2015.
- The Malaysian Insider