Trade Agreement In Malaysia

Calendar: Negotiations began in 2005, the agreement was signed in October 2009 and came into force in August 2010 to ensure that better access for EU exporters to the dynamic ASEAN market is a priority for the EU. Negotiations for a trade and investment agreement between the region and ASEAN began in 2007 and were interrupted by mutual agreement in 2009 to relax a bilateral negotiating format. With the large and growing population of Malaysia, there are many opportunities for growth and our free trade agreement is helping to pave the way. The agreement offers importers and exporters more than previous commitments of the ASEAN Australia New Zealand Free Trade Agreement (AANZFTA). These bilateral trade and investment agreements were designed as building blocks for a future agreement between the regions. New Zealand has another trade agreement with Malaysia – AANZFTA, which includes Australia and other ASEAN countries. The pricing system (external link) helps you choose which one, but there are other factors such as handling and routing requirements that you also need to consider. Use the tariff calculator (external link) and this NZIER [PDF, 130 KB] study [PDF, 130KB] to help you make your decision. Although free trade negotiations between the EU and Malaysia have been frozen, a Sustainable Impact Assessment (AIS) has been launched to support free trade negotiations between the two partners. The ASA will assess the potential impact of the trade and trade provisions of the proposed free trade agreement on the economic, social, human rights and environmental aspects in each trading partner and in other countries concerned. A free trade agreement is an international agreement between two or more countries to reduce or remove trade barriers and achieve closer economic integration. Malaysia is one of our fastest growing export markets and our sixth largest trading partner for products.

In 2014, two-way merchandise trade totaled more than $3 billion. We also export a number of high quality services to Malaysia, such as education, tourism, engineering and information and computer technologies. Investment between countries has increased by 56% since 2009 to more than half a billion dollars in 2013. 2016 General Review of the ESA – Joint Statement [PDF, 47 KB] and final report [PDF, 530 KB] The full text of the free trade agreement with Malaysia contains obligations in the areas of goods, services, investment, free movement of businessmen, intellectual property, economic cooperation, competition, health and plant health measures , technical barriers to trade, rules of origin, customs cooperation, trade aid, dispute resolution, transparency, institutional provisions, general exceptions and final provisions. See Chapter 9 of the MFAT Agreement Guide [PDF, 1.1 MB] [PDF, 1MB] an overview of what the free trade agreement means for services. Subject to the presentation of the required documents, click here for more information on the Preferred Certificate of Origin (PCO).

This entry was posted in Uncategorized. Bookmark the permalink.