Miti Blog

Ministry of International Trade and Industry Malaysia Official Blog

Tag Archives: AEC

Malaysian businessmen told to gear up for Asean competition
June 16, 2015 , by admin2
KUALA LUMPUR: Local companies, both big and small, need to “up their game” and gear up for competition with the upcoming Asean Economic Community (AEC) this year. “With the market liberalisation, we’re talking about an economic community,” said International Trade and Industry Ministry Asean Economic Cooperation division senior director P Ravidran at a media roundtable yesterday on the impact of the Asean Free Trade Area on the commercial vehicle and logistics industry. “The Government has put in place movements to remove barriers to trade, so it’s up to the private sector to take advantage and adjust their business models.” He added that local companies could not just rely on the domestic market for growth. “You have to export and with the removal of barriers to trade, it’s not just for the big companies to benefit, but also small and medium-sized enterprises.” According to reports, the 10-member Asean has completed over 83% or 366 out of 436 economic...
Read More
Mustapa Meets Counterpart In India
June 16, 2015 , by admin2
JAIPUR (Rajasthan), Jan 16 (Bernama) — International Trade and Industry Minister Datuk Seri Mustapa Mohamed met Indian Commerce and Industry Minister Nirmala Sitharaman and discussed the strong bilateral ties between the two nations. Among others, India requested Malaysia, which is the current chair of Asean, to take up a more proactive role in the negotiations for the Regional Comprehensive Economic Partnership (RCEP) trade pact. Mustapa said Malaysia considered the conclusion of the RCEP negotiations as one of the deliverables during Putrajaya’s chairmanship of the 10-member grouping. There are ample political will to conclude the negotiations, he said during the 15-minutes meeting held on the sidelines of the Confederation of Indian Industry Partnership Summit 2015 here today. RCEP is a proposed free trade agreement, which involves the 10 members of Asean and six other nations namely Australia, China, India, Japan, South Korea and New Zealand. The negotiations for RCEP,...
Read More
Malaysia To Lead Conversations On Asean Economic Integration At WEF 2015
June 16, 2015 , by admin2
KUALA LUMPUR, Jan 16 (Bernama) — Malaysia’s participation at this year World Economic Forum (WEF) reflects its commitment to shape the global trade agenda, and lead conversations on Asean economic integration, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said. “This is an important year for Malaysia and as Chair of Asean, we must be in the forefront in ensuring the realisation of the Asean Economic Community (AEC). “We must take the opportunity to engage the international business community and civil society and lead by example,” he said in a statement Friday. Prime Minister Datuk Seri Najib Tun Razak will be attending the two-day forum from Jan 23 in Davos, Switzerland. Najib, who is also Finance Minister, will be accompanied by Mustapa and Minister in the Prime Minister’s Department Datuk Seri Wahid Omar. The delegation also includes several prominent Malaysian business leaders as well as heads of investment-related agencies. One of the...
Read More
Rajasthan Wants Malaysian Firms’ Participation In Road Projects
June 16, 2015 , by admin2
AIPUR (Rajasthan), Jan 16 (Bernama) — The northern Indian state of Rajasthan has an ambitious plan to build a 20,000 km road network and wants Malaysian firms to participate in the projects. The plan, to be executed through public-private partnership (PPP) mode, was announced during the state’s 2014-15 Budget. The first phase of 29 packages will comprise of 8,910 km or 132 highways. “We are really keen to have the investments from Malaysia,” Chief Minister Vasundhara Raje said during her bilateral meeting with Minister of International Trade and Industry Datuk Seri Mustapa Mohamed on the sidelines of the Confederation of Indian Industry (CII) Partnership Summit 2015 here today. Also present at the 10-minute meeting was Malaysian High Commissioner Datuk Naimun Ashakali Mohammad. Vasundhara, who expressed hope the venture would pave the way for many fruitful relationships, also invited Malaysia to be a partner country for the state’s largest investor meet, Resurgent...
Read More
Working Visit Of YAB Dato’ Sri Najib Tun Razak, Prime Minister Of Malaysia To Davos, Switzerland In Conjunction With The Annual Meeting Of The World Economic Forum (WEF) On 21 - 24 January 2015
June 16, 2015 , by admin2
PUTRAJAYA, Jan 21 (Bernama) — YAB Dato’ Sri Najib Tun Razak, Prime Minister of Malaysia will be leading the Malaysian delegation to the Annual Meeting of the WEF which will be held in Davos, Switzerland from 21 until 24 January 2015.YAB Prime Minister will be accompanied by YABhg. Datin Sri Rosmah Mansor; YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry; YB Senator Dato’ Sri Abdul Wahid Omar, Minister at the Prime Minister’s Department and senior officials from the various Ministries and agencies. The high-level delegation will also include the participation of Malaysia’s corporate leaders. YAB Prime Minister is scheduled to participate in several sessions including a meeting of the ASEAN Regional Business Council (ARBC) themed “Shaping a Bold and Forward Looking Future for ASEAN in the New Global Context” where he is invited to deliver a speech as the special guest. The Prime Minister will also be attending the Informal Gathering of the...
Read More
Asean to declare single market but delays deeper integration: Malaysia
June 16, 2015 , by admin2
Asean will officially call itself a single market by year’s end, but “big things” like seamless travel within the 10-nation bloc would only come in 2020, Malaysia’s trade minister told AFP in an interview. “We’re going to declare ourselves as an Asean Economic Community,” said Mustapa Mohamed, whose country holds the rotating presidency of the Southeast Asian bloc this year. “We don’t have complete integration or harmonisation yet, 2015 is laying the stage for bigger things to come,” he said on the sidelines of the World Economic Forum in Davos. “We’re going to get almost there by 2015 but the big things like seamless travel… would come in 2020. “What’s important is that we’re committed, I’m not saying that we’re backtracking,” added the minister. The Southeast Asian bloc, a market of about 600 million people, had set 2015 as a deadline for integrating the region’s vast economies into a single European Union-style market, with tariffs...
Read More
AEC Set To Transform ASEAN Into Economic Superpower
June 16, 2015 , by admin2
KUALA LUMPUR, Jan 27 (Bernama) — ASEAN has truly gained traction as an potentially dynamic economic entity with huge prospects for trade and investment. This will undoubtedly take on greater prominence with the realisation of the ASEAN Economic Community (AEC) by the end of this year. Undoubtedly, the AEC has created a conducive environment for local companies to increase sales, open operations outside their domestic market and enable sourcing on a region-wide basis. Its significance by being the seventh largest economy in the world with a combined Gross Domestic Product (GDP) of US$2.5 trillion, has attracted more non-ASEAN countries to be dialogue partners with it including Bangladesh and Timor Leste. Realising its potential back then, Australia was the first to come on board as a dialogue partner, quickly followed by China, Japan, South Korea, New Zealand, India, the United States, Russia, Canada and the European Union. To take this significantly further, ASEAN is in...
Read More
Najib Wins Investors’ Hearts In Dual Mission To Promote Malaysia, ASEAN
June 16, 2015 , by admin2
DAVOS (Switzerland), Jan 29 (Bernama) — Despite having his trip cut short, Prime Minister Datuk Seri Najib Tun Razak succeeded in his dual mission to promote both Malaysia and ASEAN as preferred investment destinations. And, reassured international investors convinced by the strong case Najib presented in highlighting Malaysia’s competiveness on its own merit and its strategic position within South East Asia (SEA), sounded out their long-term commitment to Malaysia and ASEAN. Although temperatures were below freezing point, Najib managed both in warming and winning the hearts of these investors who reaffirmed their commitment to continue to operate and expand in Malaysia such as Royal Vopak, Novartis and Lafarge. Najib, who is also the Finance Minister, took time to personally meet the corporate leaders of six companies — BAE, Lloyds, Royal Dutch Shell, General Electric, Nestle and Standard Chartered Group, which were looking at investing more in the country, as well as,...
Read More
Setting the stage for integration
June 16, 2015 , by admin2
After years of planning and negotiations on trade in goods and services among the 10 member states of the Association of Southeast Asian Nations, the ASEAN Economic Community (AEC) may finally emerge by the end of this year. The more established and sophisticated businesses in the 600 million-strong region have already positioned themselves accordingly. The challenge will be to ensure that small and medium-sized enterprises also benefit from the creation of a common market and production base in the region. One business that is almost certain to do well is AirAsia, which has expanded its routes across the region. Speaking at the recently concluded World Economic Forum (WEF) in Davos, Switzerland, the Malaysian low-cost carrier’s CEO Tony Fernandes called for the creation of a single aviation authority for ASEAN and expressed optimism about the future of the region. “A superb ASEAN meeting with 10 ministers and top business leaders. Best attended meeting in Davos. Future of...
Read More
Global Oil Price Plunge Will Not Affect Aec Implementation
June 16, 2015 , by admin2
KUALA LUMPUR, Feb 10 (Bernama) — The plunge in global oil prices will not impact the implementation of ASEAN Economic Community (AEC), said Deputy Minister of International Trade and Industry, Datuk Ir Hamim Samuri. He said plans for ASEAN to declare itself as a single economic community were moving ahead with speed. “We are convinced that even the global slump in oil prices will not have an adverse effect towards the realisation of the AEC,” he said at Affin Hwang Capital Conference Series 2015 here today. He was one of the speakers at the conference. Hamim said Malaysia, as chair of ASEAN for 2015, was focused on realising the AEC by year-end. “We aim for ASEAN member states to complete 95 per cent of the integration measures by that date,” he said. He said the potentials for ASEAN were enormous and if combined with the conclusion of negotiations for the Regional Comprehensive Economic Partnership (RCEP), the region’s future economic growth would be...
Read More

Type Your Search Here

Tags

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