Miti Blog

Ministry of International Trade and Industry Malaysia Official Blog

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INVESTMENT COMMITTEE
June 24, 2015 , by admin2
The Investment Committee (IC) established in October 2010 is a joint initiative of MITI and PEMANDU to ensure better coordination in the area of investments between all Government and investment agencies involved in investment promotion. The IC also looks into the objectives and targets of the Economic Transformation Programme (ETP) to ensure that this initiative is fully realised. The IC is co-chaired by Y.B. Minister of MITI and CEO of PEMANDU. Members of the Committee are representatives from the Ministry of Finance (MOF), Economic Planning Unit (EPU), Bank Negara Malaysia (BNM), Performance and Management Delivery Unit (PEMANDU), Ministry of International Trade and Industry (MITI), Malaysian Industrial Development Authority (MIDA) and Department of Statistics Malaysia (DOSM). Ministry of Federal Territories and Urban Wellbeing and Regional Corridors Authority are co-opted when necessary. The IC’s main focus is to promote and facilitate overall investment in achieving the...
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MALAYSIA-INDIA COMPREHENSIVE ECONOMIC COOPERATION AGREEMENT
June 24, 2015 , by admin2
The Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA) will come into effect on 1 July 2011. The free trade agreement addresses issues related to the liberalisation of trade in goods, trade in services, investments and economic cooperation. It is Malaysia’s fourth bilateral FTA after Japan, Pakistan and New Zealand.The benefits provided by MICECA are in addition to those already made available under the ASEAN-India Trade in Goods Agreement (AITIG) which was implemented on 1 January 2010. Under MICECA, Malaysia and India will progressively reduce or eliminate tariffs on an agreed list of industrial and agricultural products between 1 July 2011 and 31 December 2019. Malaysian exporters will enjoy free duty market access for rubber products, chemical products and electrical equipment from 1 July 2011. Imports from India into Malaysia will enjoy zero or lower duties for live animals and meat, textile materials and manufactures of metal beginning 1 July 2011. For...
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MINISTER’S WORKING VISIT TO BRUSSELS AND LONDON
June 24, 2015 , by admin2
Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry (MITI) made a five-day working visit to Brussels and London from 11-15 July 2011 in conjunction with the official visit of Prime Minister to the United Kingdom from 12-15 July 2011.   The visit was successful in further strengthening and enhancing economic, trade and investment relations with Belgium and the United Kingdom. The Minister held bilateral talks with Mr. Karel De Gucht, EU Trade Commissioner on 11 July 2011 in Brussels. Among the topics discussed were Malaysia-European Union Free Trade Agreement negotiations, halal issues and WTO Doha Development Agenda negotiations. He also held business meetings with the Belgian companies, who have shown their interest to invest and expand their operations in Malaysia where the Minister assured that MIDA will provide assistance to them.   In London, the Minister attended a Roundtable Session with captains of the industries. Issues highlighted include...
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DEPUTY MINISTER’S MEETING WITH THE US-ASEAN BUSINESS COUNCIL
June 24, 2015 , by admin2
The US-ASEAN Business Council conducted its annual Senior Executives Business Mission to Malaysia from 19-21 July 2011 aimed at promoting stronger business-to-business linkages between Malaysian and US multinational companies (MNCs). The delegation comprised of 43 senior business executives representing 20 US MNCs and to date, it is the largest delegation to Malaysia. This visit demonstrated that there is a growing interest by US MNCs to invest in Malaysia. On 20 July 2011, the delegation met Dato’ Jacob Dungau Sagan, Deputy Minister (Industry) and several views on bilateral trade and economic issues were exchanged. Issues related to the Trans-Pacific Partnership (TPP) were also discussed. The Deputy Minister also took the opportunity to brief the delegation on Malaysia’s reform agenda, in particular the Government Transformation Programme (GTP) and Economic Transformation Programme (ETP). The US delegation applauded Malaysia’s approach to engage more private sectors in...
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TRADE AND INVESTMENT MISSION TO TOKYO AND OSAKA
June 23, 2015 , by admin2
The Deputy Minister of International Trade and Industry, YB Dato’ Mukhriz Mahathir led a Trade and Investment Mission to Tokyo and Osaka, Japan from 17-21 July 2011. He was accompanied by a 48-member delegation from the various State Governments and private sector representatives. The Mission was a follow-up to the working visit to Osaka by YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry on 29 June 2011. The mission highlighted Malaysia’s support in Japan’s rebuilding efforts following the March 11 natural calamities. In Tokyo, the Deputy Minister had two sessions of Round Table Meetings with captains of industries, Japanese importers as well as trade associations. The Deputy Minister also met with eight Japanese companies to discuss ways in which Malaysian companies can participate in Japan’s rebuilding efforts. At a seminar in Osaka which was attended by 270 Japanese participants mainly from the E&E, automotive and trading industries the...
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Know your neighbour, prosper together
June 23, 2015 , by admin2
 
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LANDING in Balikpapan after a 2-hour direct AirAsia flight from Kuala Lumpur makes you realise how close you are to some of Indonesia’s most bustling cities. My trip to Balikpapan was sparked off by a meeting I had some four months earlier with the city’s personable mayor, Bapak Rizal Effendi in Jakarta at a lunch for editors from Indonesia’s largest newspaper group, Jawa Pos. He convinced me that it is important to promote Malaysia in cities outside Jakarta. At the time I promised him that I’d visit his city the premier commercial hub in the booming natural resource province of East Kalimantan within the next four months. It wasn’t easy to arrange but with the Asean Economic Ministers’ Meeting set for Manado, I was able to pack in a quick trip to Pak Rizal’s home city. With a population of just over 600,000, Balikpapan is a thoroughly business-focused city framed by the Makassar Straits on one side and countless rolling hills on the other. There is an...
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CEO Forbes Global 2011
June 23, 2015 , by admin2
Persidangan CEO Forbes Global 2011 telah berlangsung pada 12 – 14 September 2011 di Shangrila Hotel, Kuala Lumpur. Persidangan tiga hari itu dianjurkan dengan usahasama kerajaan Malaysia, Julius Baer, EMR Corporation, Tata Consultancy Services, Corporate Executive Board, ADS Securities , Steinway Lyngdorf, Royal Falcon Fleet, Research In Motion, FICOFI dan Weber Shandwick. Ia berjaya menampilkan nama-nama besar dari pelbagai industri antaranya Naib Pengerusi Tata Consultancy Services, S. Ramadorai selain bakat-bakat tempatan yang mencipta nama di peringkat antarabangsa, Pengarah Urusan Khazanah Nasional, Datuk Seri Nazir Razak dan Ketua Pegawai Eksekutif Kumpulan AirAsia, Tan Sri Tony Fernandes.Penganjuran program sebegini bakal mempromosikan keupayaan Malaysia di mata dunia dalam menawarkan peluang-peluang pelaburan yang lebih baik berbanding pesaingnya selain meningkatkan lagi perdagangan ketika wujud persaingan yang sengit. Prestasi perdagangan negara amat menggalakkan...
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Domestic Investment Summit 2011
June 23, 2015 , by admin2
Domestic Investment Summit 2011 (DIS 2011) telah diadakan pada 15 September 2011 (Khamis) bertempat di Diamond Ballroom, Mandarin Oriental Hotel, Kuala Lumpur. Objektif penganjuran DIS 2011 adalah untuk meningkatkan kerjasama di antara Kerajaan dan sektor swasta, mendapatkan maklum balas mengenai isu-isu dan kaedah-kaedah mempromosikan pelaburan domestik, dan meningkatkan penglibatan pelabur domestik dalam mencapai sasaran pelaburan tahunan berjumlah RM115 bilion. DIS 2011 telah dipengerusikan oleh YAB Perdana Menteri dan dihadiri oleh lebih kurang 100 orang jemputan yang terdiri daripada ahli-ahli Majlis Ekonomi, tokoh-tokoh korporat dan perniagaan terkemuka tempatan serta wakil-wakil syarikat-syarikat berkaitan Kerajaan terpilih (GLCs) dan wakil Kementerian/agensi Kerajaan. YAB Perdana Menteri telah menegaskan pentingnya pelabur tempatan melabur di dalam negara memandangkan Kerajaan telah mewujudkan pelbagai peluang pelaburan termasuk melalui Program TransformasiEkonomi...
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Malaysia Among the Most Competitive Countries Globally
June 23, 2015 , by admin2
From the desk of Dato’ Sri Mustapa Mohamed…
mustapa_mohamed_01
 
Sustained economic reform is essential. If there’s one lesson we can take away from the economic turmoil in the West, it’s that the failure to change will drive prosperity away. After decades of uninterrupted growth, Western nations are losing their edge in a cut-throat global environment which has seen Asia and Latin America emerge as alternative economic powerhouses. The fact that Eurozone leaders were contemplating seeking assistance from China and Brazil last weekend to bailout Greece speaks volumes on how the balance of economic power has shifted eastwards and the failure of the developed nations to reform their economies.  Malaysia, on the other hand is seeing a rise of investor confidence. This is in part due to the bold economic reforms we have undertaken since 2009, including liberalization. The proof is the fact that both the World Economic Forum (WEF) and the World Bank have recently highlighted Malaysia’s...
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Can we become an innovation-led economy?
June 23, 2015 , by admin2
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Moving out of the middle-income trap means, among other things, building an economy that has the capacity to innovate and use innovations to compete in the market place. So being able to convert ideas into products is a key to success. What is our record in this regard? Introduction To reach developed nation status by 2020, the Government has projected that the country needs to grow by 6% annually. And this growth has to be productivity-driven. Not only must we be able to put bricks and mortar together, but we must also be able to work smarter and be more creative and innovative. An innovation-driven economy must have the ability to commercialize ideas that individuals or R&D centres produce. It also must have the capacity to commercially exploit patented ideas and resources for public use.   Where do we stand? The latest World Economic Forum (WEF) Global Competitiveness Report ranked Malaysia the 21st most competitive out of 142 economies it surveyed. However, in the...
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