Small businesses will be like Malaysia vs Man United under TPP, says DAP MP

December 4, 2015    Source : The Malay Mail Online

PETALING JAYA, Dec 4 ― Using football as analogy, DAP’s Charles Santiago voiced today concern for the survival of local small and medium entrepreneurs should Malaysia join the Trans Pacific Partnership (TPP) spearheaded by the US.

The Klang MP who is opposed to the trade deal said that Malaysia’s small-medium enterprises (SME) would be pitted against multinational corporations (MNCs) and could be wiped out if there was no contingency plan.

“Once TPP takes effect in two years,  we will see MNCs competing against SMEs. How are our SMEs, with no budget for research and development and access to technology compete with MNCs?” he asked in a news conference here.