The Government of Malaysia has received a safeguard petition fromMegasteel Sdn. Bhd. representing the domestic industry producing hot rolled coils (HRC). HRC is used as base material in various industries such as automotive, construction, electric and electronics, fabrication, engineering and manufacturing. The petitioner alleges that importation of HRC into Malaysia have increased from 2007 to 2010 and have caused serious injury to the domestic industry in Malaysia. Based on the petition, the Government has established that there are sufficient evidence of increase in imports of HRC into Malaysia, serious injury and causal link. As such, the Government has decided to initiate a preliminary safeguard investigation on imports of HRC commencing on 1 May 2011. In accordance with Act 657 and its Regulation, preliminary determination will be made within 90 days from the date of commencement of the investigation. Further investigation would be carried out if preliminary affirmative...

YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry, will be on a working visit to Oman and Qatar from 29 April to 1 May 2012 in conjunction with “1Malaysia Promotion” in Muscat, Oman and Malaysia Services Exhibition (MSE) 2012 in Doha, Qatar. YB Minister of International Trade and Industry is scheduled to launch the “1Malaysia Promotion” in Oman and to officiate the MSE 2012 in Qatar. The 1Malaysia Promotion to Oman is the first event of its kind to be organised by Malaysia to comprehensively showcase and promote Malaysian products and services overseas.The “1Malaysia Promotion” Oman aim to present the multi-faceted of Malaysian economic sectors, promote Malaysia’s products and services and to explore opportunities for collaboration and joint ventures with Oman. A total of 9 Government Agencies (MATRADE, MIDA, MDEC, Ministry of Health, Tourism Malaysia, Education Malaysia, MPI, CIDB and HDC) and 30 Malaysian companies from various sector...

JOINT MEDIA STATEMENT by YB Dato’ Sri Mustapa Mohamed Minister of International Trade and Industry and YB Datuk Seri Dr. S. Subramaniam Minister of Human Resources FEASIBILITY STUDY FOR AN UNEMPLOYMENT INSURANCE SCHEME 1.    It has come to our attention that there has been concern expressed in news reports over the last few days on the issue surrounding the Unemployment Insurance Scheme especially from the Small and Medium Enterprises. 2.    We wish to inform that the Feasibility Study for an Unemployment Insurance Scheme is still at its fact finding and consensus building stage. A Tripartite Project Committee chaired by the Chief Executive Officer of SOCSO and comprising representatives of the Ministry of Human Resources, Malaysian Employers Federation (MEF) and the Malaysian Trade Union Congress (MTUC) has been formed to monitor and guide the study. 3.    No decision has been made either as to its structure, implementation or its funding mechanism. The...

1.    The Government today announced that the importation of eight tariff lines of alloy steel products will be subject to licensing requirements from 15 June 2012. The imposition of import licence on these products was gazetted under the Customs (Prohibition of Imports) (Amendment) (No.2) Order 2012 on 12 June 2012. 2.    The tariff lines involved are: No.    HS Code    Description 72.25    Flat-rolled products of other alloy steel, of a width of 600mm or more Of silicon-electrical steel: (i)        7225.11 000    — Grain-oriented (ii)        7225.19 000    — Other (iii)        7225.30 000    - Other, not further worked than hot-rolled, in coils (iv)        7225.40 000    - Other, not further worked than hot-rolled, not in coils (v)        7225.50 000    - Other, not further worked than cold-rolled (cold-reduced) Other: (vi)        7225.91 000    — Electrolytically plated or coated with zinc (vii)   ...

On 18 June 2012, the current nine (9) Trans-Pacific Partnership (TPP) negotiating participants unanimously accepted Mexico into the TPP negotiations. This follows several months of bilateral consultations between Mexico and the 9 participants. Mexico will be able to formally participate in the negotiations after all the current participants have undertaken their domestic procedures. Considering the advanced state of negotiations, Mexico will have to abide with procedures established to ensure that there is no undue delay to the negotiations. The procedures allow sufficient opportunity for Mexico to be fully engaged in the negotiations to conclude a comprehensive and balanced package. Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry Malaysia said “Malaysia welcomes the inclusion of Mexico into the TPP.  Mexico offers Malaysia an extensive network of FTAs and a large domestic market. The TPP provides potential for Malaysia to increase and diversify our...

YB. Dato Sri’ Mustapa Mohamed, Menteri Perdagangan Antarabangsa dan Industri berkata, “Negara harus meningkatkan prestasi ekonomi bagi mencapai target Program Transformasi Ekonomi.” Beliau berkata Kementerian Perdagangan Antarbangsa dan Industri (MITI) akan mengambil inisiatif untuk memainkan peranan utama bagi kempen untuk berkerjasama dengan semua parti bagi memperbaiki daya saing ekonomi Negara. “MITI juga akan berkerjasama dengan komuniti usahawan bagi mencapai matlamat ini.” “Kami juga akan berkerjasama dengan Kementerian dan Agensi kerajaan yang lain untuk mencapai tahap perkhidmatan awam bagi memenuhi kehendak agenda transformasi.” YB. Dato’ Sri Mustapa Mohamed berucap semasa Pelancaran Laporan MITI 2011. Laporan ini adalah bertemakan “Memacu Transformasi, Menjana Pertumbuhan” dan merupakan terbitan edisi ke-20. Laporan ini melaporkan pembangunan dalam perdagangan, pelaburan dan produktiviti Malaysia pada tahun lepas dan juga aktiviti-aktiviti...

Minister of International Trade and Industry Dato’ Sri Mustapa Mohamed, today said “the nation must improve its economic performance if the targets of the Economic Transformation Programme are to be met.” He said his Ministry will take the initiative to be the “lead advocate” of a campaign to work with all parties to improve national economic competitiveness. “MITI will work with the business community to get this done.” “We will also work with other Ministries and government agencies to deliver a level of public service that the transformation agenda demands.” Dato’ Mustapa Mohamed was speaking at the launch of the Ministry’s Report for 2011. The Report is themed “Driving Transformation, Powering Growth” and is the 20th publication in the series. The Report highlights developments in Malaysia’s trade, investment and productivity sectors in the past year. It also focuses on activities related to green industries, entrepreneurship development and...

 

MEDIA RELEASE

INITIATION OF INVESTIGATION ON ANTI-DUMPING CONCERNING 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 The Government of Malaysia has received from a domestic producer a petition for the imposition of anti-dumping duty on imports of steel wire rods. 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 brought 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 petitioner further claims that imports from the alleged countries have increased in terms of absolute quantity.  As a result, the petitioner has suffered...

PERMULAAN PENYIASATAN ANTI-LAMBAKAN MENGENAI IMPORT ROD DAWAI KELULI YANG BERASAL ATAU DIEKSPORT DARI CHINESE TAIPEI, REPUBLIK RAKYAT CHINA, REPUBLIK INDONESIA, REPUBLIK KOREA DAN REPUBLIK TURKI Kerajaan Malaysia telah menerima satu petisyen daripada pengeluar tempatan bagi mengenakan duti anti-lambakan ke atas pengimportan rod dawai keluli. Pempetisyen mendakwa rod dawai keluli yang diimport dari Chinese Taipei, Republik Rakyat China, Republik Indonesia, Republik Korea dan Republik Turki di bawa masuk ke Malaysia dengan harga yang lebih rendah daripada yang dijual di pasaran domestik negara-negara tersebut. Pempetisyen mendakwa lambakan import telah menyebabkan kemudaratan material kepada industri tempatan di Malaysia. Pempetisyen mendakwa bahawa import dari negara-negara tersebut telah meningkat dari segi jumlah kuantiti mutlak. Akibatnya, pempetisyen telah mengalami kemudaratan melalui kesan lambakan, antara lain, pemotongan harga, penyekatan harga,...

The Minister of International Trade and Industry, Y.B. Dato’ Sri Mustapa Mohamed will be leading a Trade and Investment Mission to Seoul and Busan, Republic of Korea (ROK) from 16-19 July 2012. The Minister will be accompanied by Government Officials, State Government Representatives and a business delegation. The objectives of the mission are: ·    as a follow up to the Official Visit by YAB Deputy Prime Minister to the ROK from 11-12 June 2012; ·    seek to increase Foreign Direct Investment from ROK in the sectors of green technology, information and communication technology, solar power and automotive; and ·    to explore the prospect of increasing exports of chemicals and chemical products, E&E components and raw petroleum to the ROK. Programmes scheduled during the Trade and Investment Mission to the...