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KUALA LUMPUR, Nov 22, 2015:

Japanese Prime Minister Shinzo Abe said Malaysia, as a participating country of the Trans-Pacific Partnership (TPP) Agreement, will see an increase in business opportunities in all sectors, including products and services within the TPP retail market and inclusive of Japan.

He noted that Japan imposes neither tariff nor non-tariff barriers on automotive parts and Asean countries have never raised issues on these points.

He added that with Asean, Japan has also eliminated many tariffs on other items and is making efforts to open up the Japanese market on agriculture, forestry and fishery products.

“Under the TPP agreement, in the agriculture, forestry and fishery products area, we are moving ahead with liberalisation.

“And on the domestic scene we are making agriculture a sector on the offensive… more proactive. We are making as much effort as possible on this front,” he said, speaking at a press conference here today.

Abe was replying to a question by a journalist on whether Japan was willing to open up its market under TPP for Asean Malaysia.

Abe, who is in Kuala Lumpur to attend the 27th Asean Summit and Related Summits under Malaysia’s 2015 chairmanship of the regional grouping, said TPP was not just about the elimination of tariffs as services, investments and a broad range of areas of liberalisation will be promoted.

He also highlighted that with the economic development of the Asean region, the economic interdependence between Japan and Asean continued to deepen.

Abe said the following year after he became Prime Minister, he visited all 10 Asean countries and had 64 bilateral meetings to date with leaders of the respective countries.

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