Malaysia’s overall exports under the FTA preferential schemes during the first quarter 2010 have shown improvement. On 1 January 2010 Malaysia implemented ASEAN-India Free Trade Area (AIFTA) and ASEAN-Australia and New Zealand Free Trade Area (AANZFTA).
During the first quarter of 2010, Malaysia issued a total of 76,929 preferential COs with exports valued at RM22 billion to ASEAN Member States, People’s Republic of China, Republic of Korea, Japan, Pakistan, India, Australia and New Zealand, registering an increase of 43.9% in the number of preferential COs and 53.2% in FOB value compared with the corresponding period of 2009.
With a total FOB value of RM8.5 billion, Malaysia’s exports under AFTA recorded the highest value among the eight FTA preferential schemes in 2010. It was followed by AKFTA (RM6.2 billion), ACFTA (RM3.1 billion), MJEPA (RM1.9 billion), MPCEPA (RM1.3 billion), AJCEP (RM473 million), AANZFTA (RM365 million) and AIFTA (RM252 million).
The overall export performance of Malaysia under the FTA preferential schemes is expected to improve further with the implementation of AFTA among ASEAN-6, ACFTA and AKFTA which came into effect on 1 January 2010.
During the first quarter of 2010, Malaysia issued a total of 76,929 preferential COs with exports valued at RM22 billion to ASEAN Member States, People’s Republic of China, Republic of Korea, Japan, Pakistan, India, Australia and New Zealand, registering an increase of 43.9% in the number of preferential COs and 53.2% in FOB value compared with the corresponding period of 2009.
With a total FOB value of RM8.5 billion, Malaysia’s exports under AFTA recorded the highest value among the eight FTA preferential schemes in 2010. It was followed by AKFTA (RM6.2 billion), ACFTA (RM3.1 billion), MJEPA (RM1.9 billion), MPCEPA (RM1.3 billion), AJCEP (RM473 million), AANZFTA (RM365 million) and AIFTA (RM252 million).
The overall export performance of Malaysia under the FTA preferential schemes is expected to improve further with the implementation of AFTA among ASEAN-6, ACFTA and AKFTA which came into effect on 1 January 2010.