Miti Blog

Ministry of International Trade and Industry Malaysia Official Blog


Posted by admin2 on June 23, 2015 at 11:11 am
The 16th Malaysia-Australia Joint Trade Committee (JTC) Meeting was held in Kuala Lumpur on 31 January 2012. The JTC Meeting was co-chaired by the Hon. Dato’ Sri Mustapa Mohamed, Malaysia’s Minister of International Trade and Industry, and the Hon. Dr. Craig Emerson MP, Minister for Trade Australia. Members of the Malaysia-Australia Business Council (MABC) and the Australia Malaysia Business Council (AMBC) also attended the meeting.

The 16th JTC meeting discussed a number of issues ranging from Australia’s food labelling legislation, logging regulation and investment issues related to mining and resource processing as well as financial services. The meeting reviewed the progress of the ongoing close cooperation between Malaysia and Australia on customs matters, Islamic finance, clean energy and green technology as well as the automotive sector. In terms of new collaboration proposals, it was agreed that Malaysia and Australia to pursue cooperation in the areas such as collaboration between CIDB and AUSTRADE on sustainable and green construction and collaboration between MATRADE and AUSTRADE on a continued collaboration in green technology and holding of a bilateral roundtable on the logistics sector to share experience and enhance capacity building. In addition, Malaysia and Australia also exchanged experience and shared expertise on economic reforms being implemented by both Governments.

The 16th JTC Meeting also noted the status of the Malaysia-Australia Free Trade Agreement (MAFTA) and discussed ways of making future progress. The Ministers reaffirmed the joint commitment made by the Prime Ministers to conclude the MAFTA in 2012 and the negotiation teams from both countries have intensified efforts to narrow and resolve the differences. Both Ministers are confident MAFTA will elevate the bilateral trade and investment relations to a new level, and build further on the achievements of the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA).

Malaysia Australia Business Council (MABC) and its counterpart, the Australia-Malaysia Business Council (AMBC) presented their Joint Statement which included their activities undertaken in 2011 and submitted proposals of interest to the private sector of both countries. The Ministers commended bothMABC and AMBC for their consistently active role in strengthening bilateral relation, particularly on the implementation of two major initiatives in 2011. The first initiative was the Journalists Familiarization Programme, which was successfully organised in September 2011, while the second initiative is the launching of the Australia-Malaysia: Forging Ahead publication and media service in November 2011.From January-November 2011, Australia was Malaysia’s 11th largest trading partner. Total trade with Australia increased by 6.1% to reach RM34.0 billion compared to the corresponding period in 2010 valued at RM32.0 billion. Exports decreased marginally by 0.3% while imports increased 21.6% to reach RM11.4 billion.

From January- November 2011, Australia was Malaysia’s;
  • 12th largest trading partner.
  • 9th largest export destination; and
  • 11th largest import source.
  • Malaysia’s major exports to Australia from January–November 2011 include:
  • crude petroleum (RM 8.7 billion or 38.4% of total export to Australia);
  • electrical and electronic products (RM 4.6 billion or 20.3%);
  • refined petroleum products (RM 1.7 billion or 7.6%);
  • chemicals and chemical products (RM 0.84 billion or 3.7%); and
  • wood products (RM 0.64 billion or 2.8%);

Malaysia’s major imports from Australia from January–November 2011 were:
  • manufactures of metal (RM 3.4 billion or 30.1% of total import from Australia);
  • other mining (RM 0.97 billion or 8.5%);
  • processed food (RM 0.91 billion or 8.0%);
  • cereal (RM 0.74 billion or 6.5%); and
  • crude petroleum (RM 0.72 billion or 6.3%);As at June 2011, a total of 297 manufacturing projects in Malaysia with Australian participation were implemented with total investments valued RM 2.2 billion (US$0.72 billion). These projects were mainly in the following sectors:
  • Chemicals & chemical products (RM550.8 million or 24.9%);
  • Petroleum products (incl. Petrochemicals) (RM258.3million or 11.7%);
  • Rubber products (RM233.2 million or 10.6%);
  • Machinery & equipment (RM183.5 million or 8.3%); and
  • Non-metallic mineral products (RM172.3 million or 7.8%)
From January to September 2011, Malaysian investment in Australia wasrecorded at US$ 781.4 million (RM 2.4 billion). Major areas of equity investment:
  • Manufacturing;
  • Mining & Quarrying;
  • Construction; and
  • Real Estate Activities
  • US$4,432.59million. Major areas of equity investment:
  • Mining & Quarrying;
  • Financial Intermediation; and  Real Estate

No commnents yet

Type Your Search Here


4PU ACEAN AEC AFAS AFTA AKI APEC ARBC ASEAN ASEAN Business Advisory Council (ABAC) ASEAN Regional Business Council ASEAN- India FTA ASEAN-India FTA AirAsia Alternative medicine Andrew Robb Anti- Dumping Anugerah Kecemerlangan Industri Apollo Hospitals Apparels Apps Store Asean Economic Community Asean Framework Agreement on Services Asian Development Bank Australian Minister for Trade and Investment Automotive Industry Axiata BDO BNM Babar Ali Khan Bangladesh Bank of China Bogor Goal Brazil Budgets Bumiputera CEO CEPT CHINA CIDB CIMB COO Caexpo Cement and Concrete Association (C&CA) Channel News Asia Chemical Company of Malaysian Berhad (CCM) Chile China China-ASEAN China-ASEAN FTA Confederation of Indian Industry Conference Construction Industry Development Board Consumers DIGI DOHA Dato' Seri Mustapha Mohamed Datuk Dr Rebecca Sta Maria Datuk Hamim Samuri Datuk Ir Hamim Samuri Datuk Jacob Datuk Mustapa Mohamed Datuk Naimun Ashakali Mohammad Datuk Seri Mustapa Mohamed Datuk Seri Mustapha Mohamed Datuk Seri Najib tun Razak Doha Development Agenda ELV Policy EPU ETP Economic Planning Unit Economic Policy Leaders programme Economic Transformation Program Economic Transformation Programme Economy Eelco Eksport Eksports Eports European Commission (EC) Events Export Exports FDI FOKEM FTA Federal Governmen Federation of Malaya Fiscal policy Committee (FPC) Food Forbes Foreign direct investments Foreign investments Forum Ekonomi Dunia GDP GE GST GTP Global Market Globecycle Goods and Services Tax Government Transformation Programme Groom Big HACCP-certified HDC HP Halal Halal Development Industry Halal Development Industry Corporation Halal Industry Development Corp Halal Ingredients Asia 2015 Hoekstra ICT IJM Corp Berhad IMD INSKEN INVESTMENT MISSION IPI IT Import Imports India Indian Commerce and Industry minister Nirmala Sitharaman Industries Industry Information and Communication Technology (ICT) Infrastructure Development Finance Company Institute for Management Development International Trade and Industry InvestKL Investents Investment Investments Jabatan Kemajuan Islam Malaysia Jakim Jeli Jepun Jom Masuk IPT (KPTN 2015) KELANTAN KSU Karnival Karnival Pendidikan Tinggi Negara Khazanah Nasional Khazanah Nasional Bhd Kulim Hi-Tech Park LIMA LIMA'15 LNG Laporan World Competitiveness Yearbook (WYC) Lawatan Lembaga Pembangunan Industri Malaysia Lexus MAI MATRADE MAlaysian Economy MGCC MIDA MITC MITI MITI Deputy Secretary-General MITI Report MITI Weekly Bulletin MITI Weekly Bulletin trade MITI report MITI weekly Bulletin MITI] MNC MOF MPC MTFTA Malaysia Malaysia Airports Holdings Berhad Malaysia Automotive Institute Malaysia Economy Malaysia Entrepreneurship Forum 2015 (MEF) Malaysia External Trade Development Corp Malaysia External Trade Development Corporation Malaysia International Halal Showcase Malaysia-China Trade Malaysia-India Comprehensive Economic Cooperation Agreement Malaysian Airlines Bhd Malaysian Economy Malaysian Industrial Development Finance Bhd Malaysian Palm Oil Board Malaysian Report Malaysian Standards Malaysian economy Malaysian pavilion Manufacturing Manufacturing Industry Maybank Media Release Menteri Perdagangan Antarabangsa dan Industri Microsoft Mid Tier Companies Development Programme Minister of Commerce of China Gao yan Minister of International Trade and Industry Ministry of Finance Ministry of International Trade and Industry Miti Miti Report Miti Weekly Bulletin MyASEAN Internship Programme NAP NAP review National Automotive Policy Nestle Networking OIC OIC-Asia Trade and Economic Forum 2015 Organisation of Islamic Cooperation P Ravindran PEMANDU PEMUDAH PKS PLKN PPD Pameran Maritime dan Aeroangkasa Antarabangsa Langkawi 2015 Parts and Components Pembangunan Industri Halal Sdn Bhd Pengurusan Prestasi dan Pelaksanaan (PEMANDU) Perbadanan Perbadanan Pembangunan Industri Halal Sdn Bhd Perbadanan Pembangunan Perdagangan Luar Malaysia Performance Management and Delivery Unit Perjanjian Perdagangan Bebas Perusahaan Kecil dan Sederhana Petronas Play Store Policy Perspective Preferential Tariff Rate Program Pembiayaan Usahawan Wanita Program Transformasi Ekonomi Pusat Dagangan Antarabangsa Melaka Pusat Transformaasi Luar Bandar (RTC) Quality R&D RCEP ROO Ranhill Regional Comprehensive Economic Partnership Road Sectors Royal Vopak Russia SCE SDSI SIRIM SIRIM QAS International Sdn Bhd SME Bank SME CORP SME Corp SME corp Malaysia SMECorp SMEs SPS STA Sadguru Polymers Pvt Ltd & Triace Solution SapuraCreest Satu Daerah Satu Industri Securities Commision Service Industry Service Sector Service Sectors Service sector Service sectors Services Sector Services sector Shell Shell Malaysia Shell Malaysia Ltd(SML) Shell Refining Company Showcase Groom Big Sime Darby Singapore Corp Enterprise Small and Medium Scale Industries Sri Mustapa Mohamed Strategic Trade Bill Success Story Sunway Sunway Group THE 12th China-Asean Expo TM TOK BALI TPP TPP trade TPPA TTPA TV Show Tariff Elimination Temasek Foundation Tenaga Nasional Bhd's The 21th ASEAN Economic Ministers (AEM) The Economic Planning Unit (EPU) The Malaysian Investment Development Authority The New Global Context The World Trade Organisation (WTO Toyota Camry Trade Trade Figure Trade Performance Trade Review Trans Pacific Partnership Trans Pacific Partnerships Trans-Pacific Partnership Agreement UMW Corporation UMW Holdings Berhad UMW Toyota UNCTAD US Universiti Malaysia Kelantan (UMK) Untag Usahawan Bumiputera Vehicle End-of-Life Policy Voluntary Partnership Agreement (VPA) WCC WCY WEF WEP WHS WORLD ECONOMIC FORUM(WEF) EAST ASIA 2014 AND TRADE & INVEST WTO World Competitive Centre World Competitiveness Center (WCC) World Competitiveness Yearbook (WCY) World Economic Forum World Halal Conference 2015 World Halal Summit YB Dato' Sri Mustapa Mohamed ZICOlaw application auto automotive bangladesh bank negara malaysia bilateral relation biojisim biomass business business facilitataion business facilitation cars 15 years cement industry competitiiveness competitive competitiveness competitveness currency e&e economy education electrical electronics emerging market environment eport World Competitiveness Yearbook 2014 export exports felda food manufacturing fore foreign direct investments foreign trade forex free trade agreement green technology gross domestic product healthcare highway hong kong import imports india industries industry interest rates international standards investmen investment investments irAsia iron and steel japan jepun kdnk kelantan liberalisation logistic low carbon malaysia malaysian business manila manufacturing mecc metal sub-sector middle east mihas miti motor vehicles national green technology national timber policy non-Islamic nations non-tariff north africa packaging policy review portland cement proton public service delivery renminbi research and development retails road transport sales showcase small and medium enterprises small and medium enterprises (SMEs) sme sme corp sme corp malaysia sme master plan smi smidec syarikat berstatus multinasional tariff tax incentive textiles the Asociation of Southeast Asian Nations the electrical and electronics the government's 11th Malaysian Plan tnb tourism trade tradisional medicine tube programme usahaw value added visit wood wood-based products world economic forums