MITI takes proactive action to shelter consumers and industries interests Malaysian consumers and industries can expect better quality and safety products with the implementation of mandatory standards. The implementation of mandatory standards will ensure that only products of acceptable quality are imported or produced locally. The mandatory standards will ensure that products meet safety, health, and environment requirements which are aligned to international standards. Mandatory standards requirement provides a competitive edge to Malaysian exporters in the global arena, while protecting the interests of consumers in the local market. As of 31 March 2009, a total of 5,588 Malaysian Standards have been developed, out of which 3,101 standards are aligned with international standards and 173 standards have been made mandatory. The sectors in mandatory standards are 3 for iron and steel, 57 for electrical equipment and accessories, 38 for food and food products including...

KUALA LUMPUR 22 Feb. - Menteri Perdagangan Antarabangsa dan Industri, Datuk Seri Mustapa Mohamed secara rasmi menyertai komuniti maya apabila melancarkan Facebooknya - usaha terbaik mendampingi rakyat dengan berkongsi idea dan pandangan. Facebook Mustapa mula diaktifkan sejak 21 Disember 2009 dan sejak dua bulan lalu telah mempunyai seramai 669 peminat yang terdiri daripada pelbagai latar belakang termasuk dari luar negara. Pelancaran laman sosial itu diadakan dalam Majlis Ramah Mesra Bersama Anak-Anak Kelantan sekitar Lembah Klang di kediaman beliau di sini semalam. Hadir sama, Timbalan Menteri Kewangan, Datuk Dr. Awang Adek Hussin yang juga Timbalan Pengerusi Badan Perhubungan UMNO Kelantan. Selain Facebook yang baru dilancarkan itu, beliau turut mempunyai medium komunikasi maya lain seperti laman web UMNO Jeli, www.umnojeli.net dan laman komuniti Jeli, Kelantan, www.jeli.my yang juga boleh diakses secara talian oleh orang ramai. Mustapa melihat penggunaan media sosial...

Highlights of the MITI Weekly Bulletin, Vol. 110 include: Global Competitiveness Report 2010-2011 The Global Competitiveness Report (GCR) 2010-2011 by the World Economic Forum (WEF) based in Geneva, Switzerland covers 139 countries (GCR 2009-2010: 133 countries). GCR uses 30% statistical data (32 criteria) and 70% survey data (79 criteria) from its Executive Opinion Survey. Malaysia is ranked at the 26th position. Micro-Financing for SMEs Micro-finance is a proven tool for fighting poverty on a large scale. It provides small loans, also known as micro-loans, to start or expand small and self-sufficient businesses. Unlike commercial loans, no collateral is required for a micro-loan which is usually repaid within six months to a year. Micro-financing is an important mechanism for micro enterprises to achieve economic balance. The Malaysian Standard on Globally Harmonised System (GHS) for Classification and Labelling of Chemicals (MS 1804:2008) The Malaysian Standard on GHS...

 

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...

TRADE Ministers from 153 World Trade Organisation (WTO) countries met in Geneva last week to discuss multilateral trade issues. But most will remember this as the year Russia concluded its 18-year marathon negotiations and joined the world organisation.Three other countries – Vanuatu, Samoa and Montenegro – also joined the WTO, bringing its coverage of world trade to 97%. This is all for the good because greater inclusiveness means more countries will come under the trading guidelines of a common multilateral trading system. For Malaysia, Russia’s accession would increase stability and openness in its domestic business environment and this will be good for our exporters. Our main exports to the Russian Federation are palm oil, electronics and electrical goods, iron and steel and rubber products.I had the privilege of chairing one of the plenary sessions as well as two working sessions – Trade and Development and the Doha Round of negotiations. I also chaired the Islamic...

On 28 May 2012, the Government of Malaysia initiated an anti-dumping investigation based on a petition filed by Amsteel Mills Sdn. Bhd. on behalf of the domestic industry producing steel wire rods (SWR). The petitioner alleges that imports of steel wire rods originating in or exported from Chinese Taipei, the People’s Republic of China, the Republic of Indonesia, the Republic of Korea and the Republic of Turkey are being imported into Malaysia at a price much lower than the price in the domestic market of the alleged countries. The petitioner claims that this is causing material injury to the domestic industry in Malaysia. The Government has completed the preliminary investigation as provided under Section 23 of the Countervailing and Anti-Dumping Duties Act 1993. The Government has found that there is sufficient evidence to continue with further investigation on the importations of SWR from the alleged countries. The Government of Malaysia has decided to impose a provisional...

KOTA BHARU: Negara anggota ASEAN akan terus mengurangkan langkah-langkah dan halangan bukan tarif untuk perdagangan yang lebih bebas di dalam pertubuhan serantau itu, kata Menteri Perdagangan Antarabangsa dan Industri, Datuk Seri Mustapa Mohamed hari ini. Bercakap kepada pemberita, Datuk Seri Mustapa menyatakan langkah bukan tarif telah dikenal pasti dan 45 daripadanya telah ditangani.Kami telah membuat keputusan untuk berusaha ke atas langkah dan halangan bukan tarif dan cuba menyelesaikan lebih banyak lagi,ketika di sidang akhbar pada hari terakhir Pemukiman Menteri-Menteri Ekonomi ASEAN (AEM) Ke-21 di sini, hari ini.Menteri ekonomi terbabit juga mencadangkan pembentukan mekanisme untuk menangani langkah bukan tarif bagi memudahkan pergerakan perniagaan di dalam rantau berkenaan.Kami sedang meneliti satu platform rasmi. Kami sedang berbincang dengan Kesatuan Eropah untuk melihat bagaimana kami boleh berkongsi amalan terbaik daripada mereka. Timbalan Setiausaha Agung ASEAN...