Miti Blog

Ministry of International Trade and Industry Malaysia Official Blog

Tag Archives: AEC

Malaysia Sasar Eksport Lebih Banyak Produk Pertanian Ke Turki
October 13, 2015 , by admin2

KUALA LUMPUR: Perbadanan Pembangunan Perdagangan Luar Malaysia (Matrade) menyasarkan untuk meningkat eksport barangan pertanian ke Turki tahun ini, diperkukuh oleh permintaan yang semakin meningkat ke atas buah-buahan tropika di negara itu.

Pesuruhjaya Perdagangan Matrade di Istanbul Idzham Abd Hamid berkata buah-buahan tropika seperti nanas, belimbing dan buah naga, mendapat permintaan tinggi di Turki.

Istanbul kini mengimport sebagaian besar buah-buahan tropika dari Belanda.

“Kita patut merebut peluang untuk mengeksport (lebih banyak) buah-buahan tropika kita ke negara itu,” katanya kepada pemberita di uar seminar Perjanjian Perdagangan Bebas (FTA) Malaysia-Turki, di sini, Rabu.

 

Eksport utama Malaysia ke Turki bagi tempoh Januari hingga Julai 2015 terdiri daripada barangan pertanian, dengan dagangan bagi segmen itu bernilai  RM386 juta, diikuti barangan pembuatan (RM1.2 bilion) dan barangan perlombongan  (RM3.3 juta).

Seminar bertema ‘Memanfaatkan FTA...

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ASEAN has potential to be world’s 4th largest market by 2050, say businessmen
October 13, 2015 , by admin2

Executive Director Roy Michael said that with over 600 million people and a combined gross domestic product (GDP) of 2.4 trillion ringgit ($600 billion) in 2013, ASEAN is the seventh largest market.

“Should the trend continues, it has the potential to become the fourth largest market globally by 2050,” he added.

He told Bernama ASEAN recorded over $1.2 trillion in total merchandise exports, making it one of the most open economic regions in the world.

“Significant progress had been made in integrating the economies of the 10-member states under the ASEAN Economic Community (AEC) blueprint which is expected to be a reality by year-end,” he said.

Michael was speaking after hosting the ASEAN-US Trade Winds Forum at the Malaysian embassy here on Wednesday. It was attended by American policy and industry leaders.

The half-day forum is a quarterly event hosted on rotation among ASEAN embassies here to increase understanding between American and ASEAN small and medium...

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Success of SMEs crucial for regional integration — Deputy Minister
October 13, 2015 , by admin2

lee_chee_leong

KUALA LUMPUR, Aug 18: The success of small and medium enterprises (SMEs) is crucial for ASEAN to be truly integrated, says Deputy Minister of International Trade and Industry Datuk Lee Chee Leong.

Lee said resilient SMEs should start to have a global mind-set.

“They should explore opportunities from liberalisation under the ASEAN Economic Community and expand their trade and investments,” he said at the launch of I-Score credit risk management tool.

The I-Score is co-developed by Rating Agency Malaysia Credit Info Sdn Bhd (RAMCI) with global information services company, Experian plc.

The tool, designed for financial institutions, business corporations and consumers, provides a comprehensive credit report ranking consumers, business partners and potential investors for credit risk.

Lee said SMEs could now use the tool to assess the strategies for their businesses if they intended to expand them.

“This will help address the challenges faced by SMEs to obtain...

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Mustapa: Asean on track for progressive trade liberalisation
October 13, 2015 , by admin2

Asean countries are on track for progressive liberalisation of trade within the region, covering 128 sub-sectors via the Asean Framework Agreement on Services (AFAS).

The liberalisation will boost the services sector’s contribution to the region’s gross domestic product (GDP) from the current 40% to 50%, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

He said AFAS will be a platform for services providers to take advantage of the market openings as well as to benefit from new ideas and processes arising out of the opening of the services sector.

Efforts has been put into concluding the AFAS 10th package by year-end to provide wider and better opportunities for members in tapping the benefits of the services sector,” he said in his opening address at the inaugural Asean Service Provider Confederation (ASPC) meeting yesterday.

His speech was read by Malaysia External Trade Development Corp (Matrade) CEO Datuk Dzulkifli Mahmud. Last year, Asean...

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AEC To Spur Investments From ASEAN Into Malaysia
October 13, 2015 , by admin2

KUALA LUMPUR, Aug 10 (Bernama) — Foreign Direct Investments (FDI) in Malaysia from its ASEAN peers is expected to gain momentum with the ASEAN Economic Community (AEC) becoming a reality from Dec 31 this year.

Minister of International Trade and Industry (MITI) Datuk Seri Mustapa Mohamed said the sustained removal of barriers among the 10-member grouping, had led to an expansion in intra-ASEAN trade and investments, from US$1.22 billion in 2000 to US$24.4 billion in 2014.

“This accounts for 17.9 per cent of the total US$136.2 billion FDI inflows into the region last year,” he told reporters at the AEC Open Day here Monday.

Mustapa said similarly, intra-ASEAN trade accounted for 24 per cent of the total ASEAN trade or US$608 billion.

Meanwhile, ASEAN’s per capita income now stands at US$4,130 with intra-ASEAN trade expected to grow to 30 per cent by 2020.

He also said being the ASEAN Chairman this year, Malaysia wants to prepare local small and medium enterprises...

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Malaysia Set To Improve Economic Scorecard Under AEC Blueprint
June 17, 2015 , by admin2
KUALA LUMPUR, Nov 17 ( Bernama) — Malaysia’s economic scorecard under the ASEAN Economic Community (AEC) Blueprint is currently at 83.9 per cent with 70 out of 436 variable measures still not being implemented, says Minister of International Trade and Industry (MITI), Datuk Seri Mustapa Mohamad. The minister said Malaysia was now ranked sixth among the ten ASEAN countries in AEC’s economic scorecard. He said he was confident to be able to implement at least half of the 70 unimplemented variables in six months’ time or middle of next year to improve the country’s ranking. “The variables, among others, fall under different category measures like trade in goods, elimination of non-tariff barriers, service liberalisation and non ratification of agreements and involving many sectors,” he said. Mustapa said this at a media briefing after chairing an inter-agency meetings on AEC with ministers in the capital, Monday. “Overall, ASEAN has implemented 82.1 per cent of...
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Lay Out Strategy For AEC, Urges Asean Business Club
June 16, 2015 , by admin2
KUALA LUMPUR, Dec 1 (Bernama) — Asean Business Club (ABC) Co-Chairman Datuk Nazir Razak has urged the government to lay out Malaysia’s strategy for the Asean Economic Community (AEC), which will be a reality from next year. He said Malaysia, the Asean chairman in 2015, should further push the country’s aspiration and contribution to making the AEC a more meaningful economic reality. “We hope the government can lay out the strategy as to where we are going to be in the next 12 months,” he told the media on the sidelines of an ABC delegation visit to Malaysia and the launch of the “Lifting-The-Barriers Reports” here Monday. Nazir, who is also CIMB Group Chairman, said the ABC, which is already working with AEC consultants, has submitted a report to the AEC secretariat urging Asean member countries to prepare all sectors involved in the AEC, including retail, automotive and manufacturing. Ministry of International Trade and Industry Secretary General Datuk Dr Rebecca...
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Economic integration for Asean
June 16, 2015 , by admin2
IN early 2006, Asean senior economic officials were given this challenge by their Ministers: craft the economic future of the grouping; an economic community not by 2020, as stipulated in Asean Vision 2020, but in 2015. Thus began the work towards an economically integrated Asean. Translation: the free movement of goods and services; and freer movement of capital and talents among the ten member states. In 2006, when the proposal to push for the realisation of the Asean Economic Community (AEC) in 2015 was mooted, it made economic sense. We had just come out of a major economic crisis, and initiatives towards the Asean Free Trade Area (AFTA) were well on the way. We were looking forward to the next steps towards deeper economic integration. So we drew up the AEC Blueprint as the guiding framework, and the AEC Scorecard to ensure that we did what we said we were going to do. And in all fairness, we have worked tirelessly to ensure that implementation was on track. But as 2015...
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Look East Policy 2.0 to focus on Economic Cooperation with S. Korea
June 16, 2015 , by admin2
SEOUL: Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed, said the second wave of the Look East Policy (LEP 2.0) will give a special focus on economic cooperation with South Korea and for a start it will be in line with Malaysia’s Economic Transformation Programme and South Korea’s Creative Economy initiatives. He said emphasis would be on developing strategic sectors such as automotive, small and medium enterprise (SME) development, trade and applied research and development to leverage on each other’s trade and investment environment ecosystem. “To drive implementation of LEP 2.0, both Malaysian and South Korean governments will leverage on the existing cooperative channels on bilateral industrial cooperation in automotive, electrical and electronics/information and communications technology, plant, and trade and investment to explore new areas of collaborations,” he told the Malaysian media here today. Mustapa is here as a member of the...
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PKS ASEAN miti lancar pelan induk tahun depan
June 16, 2015 , by admin2
YBM - ASEAN, 22 Disember 2014 Read More

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