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MITI's Portal
 

Glossary

MAC

The Malaysian Aerospace Council  chaired by YB Minister MITI provides the vision and direction for the overall development plan of the national aerospace industry. It also provides  policy guidelines and identify priority areas of ... [read more]

Machine Tools

Metalworking machinery consists of metal cutting and metal forming/shaping machinery. [read more]

MAFTA

Malaysia-Australia Free Trade Agreement [read more]

MAIA

Malaysia Aerospace Industry Association is a non-governmental organisation and functions to support and represent the voice of Malaysian companies in the aerospace sector. [read more]

Main Carriage

Domestic:  subsequent transportation beyond pre-carriage International:  transportation from the point of departure on the seller’s side to the arrival pint on the buyer’s side [read more]

Marine-restricted

Terms that only apply to carriage by vessel [read more]

Mark-up Approach

Addition of a certain number of percentage points to the applied rate of the unbound tariff line in order to establish the base rate. Current proposal is for mark-up of 30. [read more]

Market Access

Market access for goods in the WTO means the conditions, tariff and non-tariff measures, agreed by members for the entry of specific goods into their markets. [read more]

Material Handling Equipment

Machines for movement, handling, storage and retrieval of materials such as cranes, conveyance equipment, auto/storage/retrieval systems and material handling equipment for manufacturing processes. [read more]

MCFTA

Malaysia-Chile Free Trade Agreement [read more]

MEEPA

Malaysia-European Free Trade Association (EFTA) Economic Partnership Agreement - Iceland, Liechtenstein, Norway, Switzerland. [read more]

Member Economies

A term used for an official member of APEC. Members taking part in APEC activities do so as economic entitites rather than as sovereign states. Currently, APEC comprises 21 member economies: Australia; Brunei Darussalam; Canada; Chile; ... [read more]

MEUFTA

Malaysia-European Union Free Trade Agreement [read more]

MFN

Most-Favoured-Nation –   Under the WTO agreements, countries cannot normally discriminate between their trading partners. Grant someone a special favour (such as a lower customs duty rate for one of their products) and you have to do ... [read more]

MICECA

Malaysia-India Comprehensive Economic Cooperation Agreement [read more]