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MITI's Portal
 

Glossary

Cabotage Policy

The cabotage policy is a policy that governs the transport/shipping of goods or passengers between two places along coastal routes in the same country by a transport operator from another country, practiced by many nations worldwide including ... [read more]

Capital Account

The capital account is the net result of public and private international investments flowing in and out of a country. The capital account includes foreign direct investment (FDI), portfolio and other investments, plus changes in ... [read more]

Capital Account Deficit

A deficit in the capital account means money is flowing out more than flowing into the country, and it suggests the nation is increasing its ownership of foreign assets. (The capital account balance of Malaysia is always ... [read more]

Capital Account Surplus

A surplus in the capital account means money is flowing into the country more than flowing out, and the inbound flows effectively represent borrowings or sales of assets.  [read more]

Capital Intensive

Describes an industry or sector of the economy that relies relatively heavily on inputs of capital, usually relative to labor, compared to other industries or sectors. [read more]

CBI

Cross-Border Investment – Residents of Malaysia investing directly in production in another country, either by buying a company there or establishing new operations of an existing business. [read more]

CBU

Completely built unit - is the terminology when a car/bike/automobile is imported/exported to/from some other country as a complete car fully assembled. These automobiles do not require an assembly before they can be sold out to the buyers in the ... [read more]

CEPT

The Common Effective Preferential Tariff (CEPT Scheme)- was established as the mechanism to reduce and eliminate import duties in ASEAN. [read more]

Circumvention

Getting around commitments in the WTO such as commitments to limit agricultural export subsidies. Includes avoiding quotas and other restrictions by altering the country of origin of a product; measures taken by exporters to evade anti-dumping or ... [read more]

CKD

Completely knocked down-  car / bike /automobile which are imported or exported in parts and not as one assembled unit. Such units are first sent to an assembly plant in the target country where all these parts are assembled and one complete ... [read more]

CLMV

Cambodia Lao PDR Myanmar Viet Nam - Is an acronym refers to the four newer members of ASEAN namely Cambodia, Lao PDR, Myanmar and Viet Nam. Since Viet Nam is now a developing country, there is a preference to use CLM when referring to the Least ... [read more]

CLMV

Cambodia, Lao PDR, Myanmar, & Viet Nam [read more]

Cloud Computing

Delivery of on-demand computing resources—everything from applications to data centers—over the Internet on a pay-for-use basis. [read more]

Coefficient

A number to reduce tariff. Small coefficient results in steeper cut, while high coefficient results in lesser cut. Current proposal is coefficient of 8 for developed countries and options for developing countries that is 20, 22 and 25. [read more]

Competition Policy

The objective of competition policy is to ensure that competition in the market is not restricted in a way that might cause damages to society. The endorsement and implementation of competition policy and regulations that promote competition help ... [read more]