Sidang Kemuncak ASEAN ke 19 telah membincangkan beberapa cadangan ekonomi yang telah dikemukakan oleh Majlis Komuniti Ekonomi ASEAN. Dalam keadaan ekonomi dunia yang tidak menentu dan juga keraguan terhadap pemulihan segera ekonomi Eropah, pemimpin-pemimpin ASEAN dan rakan-rakan dialog telah bersetuju supaya ASEAN dan negara-negara Asia Timur perlu bekerjasama dan mempercepatkan integrasi ekonomi rantau ini. Pada keseluruhannya, kadar pelaksanaan purata langkah-langkah AEC bagi Fasa 1 dan 2 adalah 75.6 peratus.Kadar pelaksanaan purata bagi Malaysia untuk kedua-dua fasa adalah 88.55 peratus. Ini menunjukkan bahawa ASEAN menghadapi cabaran untuk merealisasikan Komuniti Ekonomi ASEAN pada tahun 2015, kecuali ASEAN menggandakan usaha bagi melaksanakan langkah-langkah integrasi ekonomi yang telah dipersetujui. Maklum balas yang diterima daripada sektor swasta menunjukkan bahawa ASEAN perlu memberi keutamaan kepada aspek-aspek berikut: (i) fasilitasi perdagangan; (ii) standard...

 

The Trans-Pacific Partnership (TPP) is a trade and investment liberalization initiative involving nine countries - Australia; Brunei; Chile; Malaysia; New Zealand; Peru; Singapore; United States; and Viet Nam. The aim of the TPP is the creation of a Free Trade Agreement (FTA) that will enhance trade and investment among the TPP partner countries and set new standards in the conduct of global trade.   To date, nine rounds of negotiations have been held. On November 11, 2011 during the APEC Summit in Honolulu, TPP Leaders were presented with the broad outline of a draft agreement which highlights the shared aspirations and ambitions of the nine countries involved. This was achieved despite the complexity of the issues discussed and the different developmental status of the negotiating partners.   TPP members are targeting to conclude negotiations in 2012, with July 2012 as an important milestone to agree on substantially all areas.  The Intersessional meeting scheduled from 5 –...

Date     :19 December 2011 (8.30 am – 4.30 pm) Venue   : Matrade Exhibition & Convention Centre (MECC) URL      : http://bit.ly/tH9j85

 

 

The Deputy Minister of International Trade and Industry, Y.B. Dato’ Mukhriz Mahathir is on a Working Visit to Osaka, Nagoya and Tokyo, Japan from 11 until 15 December 2011. This Working Visit is in conjunction with Invest Malaysia Road Show organised by Bank of Tokyo Mitsubishi UFJ Berhad from 12 until 14 December 2011 in the three cities.   The Deputy Minister is accompanied by Government Officials, State Government Representatives and a business delegation. The objectives of the Working Visit are to:         i.        follow up to the Trade and Investment Mission to Japan in July 2011;      ii.       promote Malaysia as the preferred investment destination in South East Asia; and     iii.       further enhance bilateral trade and investment relations between Malaysia and Japan.   Programmes arranged for the Working Visit include meetings with Japanese companies, Invest Malaysia Road Show, and factory visits.    Bilateral Trade Japan is...

The 10th negotiating round of the Trans-Pacific Partnership was held from 5-9 December 2011 Kuala Lumpur. The main purpose of the meeting was to discuss the way forward in light of the recent instructions from the TPP Leaders to redouble their efforts in 2012 to conclude negotiations.    The KL negotiations was a mini round and only selected negotiating Groups met, including Investment, Services, Rules of Origin and Intellectual Property Rights. There were also market access negotiations on goods, agriculture and textiles. Close to 200 participants attended this round.   Progress was achieved in all the Working Groups, as negotiators narrowed the differences in the text and market access negotiations.   All 20 Working Groups will be developing a detailed work programme, including milestones for progress, inter-sessional activities and other steps needed for concluding work in their respective areas.   Plans are underway to hold the 11th round in Australia in March 2012....

YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry, met with His Excellency Mohamed Al Khatiri, Deputy Minister of Commerce and Industry of Saudi Arabia, in Geneva at the sidelines of the World Trade Organisation meeting.   At the discussion, both leaders agreed to take more active measures to strengthen trade and investment relations between the two countries.   In 2010, Malaysia’s total trade with Saudi Arabia increased by 38% to US$2,896 million from US$1,923 million in 2009. From January to October this year, total trade between the two countries reached US$3,454 million compared to US$2,205.44 million in the corresponding period in 2010.   At the bilateral meeting, YB Dato’ Sri Mustapa suggested that the Malaysia-Saudi Business Council organize more familiarization programmes for officials and businessmen from the two countries.  Dr Khatiri said that there are many opportunities for Malaysian companies to do business in Saudi Arabia,...

 

What are your thoughts on improving Malaysia’s trade position vis-a-vis major trade partners at a time when trade is more volatile? Bulbir Singh, Seremban Make it “Easier, Faster and Cheaper” to do business in Malaysia. That’s the role of the Government trade facilitiation both within the country and across borders. It’s about reducing and eliminating bureaucratic hurdles and simplifying procedures. Across borders, it’s about working with our trade partners to reduce and eliminate tariff and non-tariff barriers. We do this bilaterally (through our Free Trade Agreements), regionally (through our participation in Asean, and Apec) as well as multilaterally through the World Trade Organisation. Expanding Malaysia’s share of global trade is Miti’s raison d’etre. Given the uncertainty and the challenging trading environment, we have to work harder. But Miti cannot do this alone. Private sector involvement is vital to the initiatives taken to increase...

 

Geneva, December 14 - YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry, met with His Excellency Mohamed Al Khatiri, Deputy Minister of Commerce and Industry of Saudi Arabia, in Geneva at the sidelines of the World Trade Organisation  meeting.   At the discussion, both leaders agreed to take more active measures to strengthen trade and investment relations between the two countries.   In 2010, Malaysia’s total trade with Saudi Arabia increased by 38% to US$2,896 million from US$1,923 million in 2009. From January to October this year, total trade between the two countries reached US$3,454 million compared to US$2,205.44 million in the corresponding period in 2010.   At the bilateral meeting, YB Dato’ Sri Mustapa suggested that the Malaysia-Saudi Business Council organize more familiarization programmes for officials and businessmen from the two countries.  Dr Khatiri said that there are many opportunities for Malaysian companies to do...

 

Geneva, December 15 - Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry, met with Dr Ahmad Mohamed Ali, President of the Islamic Development Bank at the sidelines of 8th World Trade Organization Ministerial Conference in Geneva. The    Islamic    Development    Bank Group (IDB Group) is a South-South multilateral    development    financing institution comprising five entities, namely: (i) the Islamic Development Bank (IDB); (ii) the Islamic Research and Training Institute (IRTI); (iii) the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC); (iv) the Islamic Corporation for the Development of the Private Sector (ICD); and (v) the International Islamic Trade Finance Corporation (ITFC). IDB is based in Jeddah and was founded in 1975.   At the meeting, Dato’ Sri Mustapa discussed with the IDB President the programme details for a high-level forum that will bring together top business leaders from OIC member...

Overview of the Global Economic Scenario   ·    We are meeting at a time when the world economy is facing unprecedented challenges.   ·    Trade has grown more slowly than expected in recent months. World trade growth forecast for 2011 has been revised to 5.8%, down from an earlier estimate of 6.5%.   ·    In light of this challenging time, the greatest mistake countries can make is to look inwards and slide towards protectionism. There has been an increase in new trade restrictions. We hope that these measures are temporary in nature and that Governments demonstrate responsibility and commitment in dismantling them and discontinuing this negative trend.   ·    As a trade dependent country, Malaysia too is not immune to the negative impact of the economic and financial crisis. However, we believe that a conducive, facilitative, business and regulatory environment are critical factors that would help steer the...