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MITI's Portal
 

Glossary

NAC

The National Automotive Council - is chaired by YB Minister of MITI and consists of representatives from the Government and automotive industry. The role of the council is to oversee the implementation of NAP 2014 and other policy related to ... [read more]

NAICO

National Aerospace Industry Coordinating Office -  coordinates, implements  and monitors  the Malaysian Aerospace Industry Blueprint 2030 and overall aerospace industry development  programmes in Malaysia. It is the centre of ... [read more]

NAMA

Non-Agriculture Market Access - involves all products that are not covered by the Agriculture Agreement. In other words, NAMA products include all fish and fishery products, wood and forestry products, electronics, manufactures, automotive ... [read more]

NAP

National Automotive Policy -The NAP was introduced in 2006 to transform the automotive industry and integrate it into the increasingly competitive regional and global industry. [read more]

National Treatment

Is a principle in international law vital to many treaty regimes. It essentially means treating foreigners and locals equally. Under national treatment, if a state grants a particular right, benefit or privilege to its own citizens, it must also ... [read more]

NATIP

National Timber Industry Policy - The NATIP was officially launched on 17 February 2009 as a guiding principal for the development of the timber industry in Malaysia. The policy outlines the way forward for the industry and determine the appropriate ... [read more]

Net International Reserves

Comprise of gold and foreign exchange, reserve position in the International Monetary Fund and Special Drawing Rights, less external liabilities. [read more]

NOM

Non-Originating Materials [read more]

Nominal GDP

Nominal GDP is Gross Domestic Products (GDP) evaluated at current market price,  without the inflation adjustment. Nominal GDP is usually higher than real GDP because inflation is typically a positive ... [read more]

Nominal GDP

Gross domestic product (GDP) evaluated at current market prices Nominal values of GDP from different time periods can differ due to changes in quantities of goods and services and/or changes in general price levels. As a result, taking price ... [read more]

Non-Ad Valorem Tariff (Non-AVE)

Non-ad valorem duty refers to either specific duties, compound duties or mixed duties. [read more]

Non-Tariff Barrier

Government law, regulation, policy, condition, restriction, or specific requirement, and private sector business practice or prohibition, that protects a domestic industry from foreign competition.  [read more]

NTBs

Non-Tariff Barrier - refer to restrictions that result from prohibitions, conditions, or specific market requirements that make importation or exportation of products difficult and/or costly. NTBs also include unjustified and/or improper application ... [read more]

NTMs

Non-Tariff Measures - in general, this term is used to identify any measure which is not based on tariff and is applied in order to protect domestic industries. Many non-tariff measures originated from legitimate purposes, for example, human ... [read more]