Miti Blog

Ministry of International Trade and Industry Malaysia Official Blog

SOME NOTES ON FREE TRADE AGREEMENTS (FTAs)

Posted by admin2 on July 6, 2015 at 4:02 pm
Excerpts from YB Minister’s speech during MITI Dialogue 2009

MITI continues to negotiate FTAs to open markets for businesses. Malaysia has signed and implemented bilateral FTAs with Japan and Pakistan and recently concluded negotiations with New Zealand. Malaysia is also a party to five regional FTAs namely ASEAN-China, ASEAN-Korea, ASEAN-Japan, ASEAN-Australia-New Zealand and ASEAN-India. Currently, Malaysia is negotiating bilateral FTAs with the US, India, Chile and Australia, and the regional ASEAN-EU FTA.

Malaysian companies should capitalise on the regional and bilateral FTAs to gain an edge over their competitors, particularly under these trying times. It should be worth noting that the number of certificates of origin issued by MITI to our exporters, under the preferential schemes of the five regional ASEAN FTAs and the ASEAN CEPT increased 13.0 per cent to 222,476 in 2008. The number of companies exporting under the various FTAs has also increased from 4,160 in 2007 to 4,678 in 2008. For the first five months of this year 87,849 certificates of origin were issued with exports amounting to RM26.6 billion.

While it is heartening to note the increase in the number of Malaysian exporters utilizing the benefits available under the FTAs and the subsequent increase in exports, these numbers still represent a low utilization rate as the full benefits and potential of the FTAs are yet to be exploited by our exporters.

MITI and its agencies have conducted numerous FTA outreach programmes. FTA Service Units at MIDA, MATRADE and SMIDEC have also been established to provide assistance and advisory services. Despite these efforts, response from exporters is still not encouraging. We note repeatedly low attendance and participation in FTA related seminars and dialogues.

We hope to further enhance our consultations with trade and industry associations in order to increase exports under the various FTAs. In this regard timely feedback to MITI on the problems encountered by exporters will allow us to raise these issues at the relevant fora with our bilateral trading partners.
 

48 comments for this post

Posted on May 21, 2022 at 6:57 pm
 
The largest rebel against Buddhists and Hindu in Malaysia is YIP KUM FOOK and he is a lawyer in Taman Desa Jaya, Kepong, maybe his lawyer is a fake certificate because he is not like someone who studied law. Lawyers must be at least 6 years to study, but we're the same age, but we've never seen him take that class because YIP KUM FOOK is busy with a furniture store business in Kepong area

He ordered the people to burn the Hindu Temple in Taman Daya, Kepong because at that time he was the MCA chairman in Taman Daya and he had power there, the other because he needed a place to set up his furniture shop business

In Buddhism, he was the president of SAMNAK SAMBODHI BUDDHIST TEMPLE in Taman Desa Jaya, Kepong in 1994, before the president of the temple was SHIA KOK SUN, YIP KUM FOOK this joined the committee members then he rejected SHIA KOK SUN, then he took over as president

Happened at the SAMNAK SAMBODHI BUDDHIST TEMPLE, from him taking over the presidential temple, was never peaceful and always a problem because he was a trouble maker, pushing the old committee and various making a mess in the Temple

Instead, he defrauded a Myanmar monk (ven. Nandiya) of about rm20,000.00, called police and gangster to remove the Buddhist monk, a monk is from Penang (Ven. Piya Dhammo), and ordered his group to lock down the temple

YIP KUM FOOK will receive his Karma in what he does, all the GODS have seen and always commented on him and he will suffer forever in this life and the next life… all need to care about YIP KUM FOOK…

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