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U.S. Financial Firms Worried About TPP Exception For Malaysia, Data Flow Rules

November 3, 2015 at 6:38 AM
U.S. financial services firms are raising red flags about two aspects of the Trans-Pacific Partnership (TPP) agreement reached on Oct. 5 that they find objectionable: an exception that allows Malaysia to maintain broad discretion to block foreign investment in the financial sector, and rules on data flows in the financial services chapter that are less stringent than those that apply to all other sectors, according to informed sources. These sources said Malaysia has secured an exception in TPP that would...

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