Negotiations between the Malaysia and the European Union for a free trade agreement (FTA) are expected to begin in Brussels next week. But most Malaysians are being left in the dark about what this means for Malaysia while Parliament is not even looking at this seriously.
The way I see it, the EU-Malaysia FTA aims to prise open the Malaysian market for large European firms – in the same way that these firms are eyeing the vast Indian market under the EU-India FTA and the Asean market under the EU-Asean FTA. That’s the main agenda of Corporate Europe.
These large European firms or BusinessEurope are working very closely with EU Commission negotiators to secure the best possible outcome for themselves. What are they looking for? We can get a pretty good idea of what they want by looking at the negotiations for the EU-India FTA.