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Media Release by Dato’ Sri Mustapa Mohamed on Supporting the Multilateral Trading System
June 23, 2015 , by admin2
YB Dato Sri Mustapa Mohamad, Minister of International Trade and Industry (MITI), stressed that the uncertain global economic scenario reflects the importance of the multilateral trading system in ensuring that economies resist protectionism. MITI Minister said this in the APEC Ministerial Meeting held in Honolulu, United States of America, on 11 November 2011. Minister Mustapa highlighted that the WTO has been an important body in ensuring that global trade is conducted according to rules and disciplines that have been collectively agreed, and that markets are kept open. Dato’ Sri Mustapa also drew attention to the fact that global supply chains are more integrated today and therefore vulnerable to the impacts of natural disaster, as seen in the Fukushima incident and the Thai floods. “Given our interdependence, we must resist protectionism and instead focus on measures that facilitate trade.” On the Doha Round, MITI Minister noted that negotiations over...
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Kenyataan Media oleh YB Dato’ Sri Mustapa Mohamed Menteri Perdagangan Antarabangsa dan Industri Mengenai Sidang Kemuncak ASEAN ke-19
June 23, 2015 , by admin2
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...
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Strong FDI Performance for the First Nine Months of 2011
June 23, 2015 , by admin2
 

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Media Statement by:

Dato’ Sri Mustapa Mohamed Minister of International Trade and Industry   Strong FDI Performance for the First Nine Months of 2011  
1.   Malaysia’s Foreign Direct Investment (FDI) for the first nine months of 2011 was recorded at RM26.4 billion compared with RM18.6 billion for the same period in 2010 indicating a 42 per cent growth. This is based on the latest figure released by the Department of Statistics, Malaysia (DOSM). For the record, total FDI for the whole of last year was RM29.3 billion, while in 2009, total FDI was RM5.0 billion.   2.   Based on the FDI flows for the first nine months, it is likely that this year’s total FDI will exceed last year’s figure.   3.   While the FDI inflows for Q1 and Q2 2011 were strong which stood at RM10.1 billion and RM11.07 billion respectively, the inflow of FDI in Q3 moderated to RM5.17 billion. This is partly due to weaker external economic conditions, especially in the Euro Zone and the...
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TRANS-PACIFIC PARTNERSHIP (TPP) INTERSESSIONAL MEETING, 5 – 9 DECEMBER 2011, KUALA LUMPUR
June 23, 2015 , by admin2
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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 –...
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ASEAN Economic Community - a fundamental building block for Malaysia’s future
June 23, 2015 , by admin2
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From the desk of Dato’ Sri Mustapa Mohamed:  
The international economic community may have been skeptical of ASEAN’s initiative to form a dynamic regional grouping. This is now changing. Today, world leaders, business and political, don’t need to be persuaded to be at ASEAN events such as the recent ASEAN Summit in Bali. Indeed, during the high-profile meeting, Denpasar’s Ngurah Rai airport was crammed with an impressive array of government and private jets, including the iconic Air Force One.   Unlike the European Union, ASEAN’s best years are ahead of it. Businessmen and political leaders are attracted by our joint commitment to forge an integrated market through the Asean Economic Community (AEC) by 2015 - bringing together a market of over 600 million consumers.   Malaysia, which is at the heart of ASEAN, has been at the forefront in championing this initiative. Indeed, we need to be realistic as a nation. With a population of 28 million (growing at 2%...
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Seminar on Halal Business Sustainability through Branding and Innovation (Complimentary Registration)
June 23, 2015 , by admin2
Date     :19 December 2011 (8.30 am – 4.30 pm) Venue   : Matrade Exhibition & Convention Centre (MECC) URL      http://bit.ly/tH9j85

 

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YB Dato’ Mukhriz Mahathir’s Working Visit to Japan, 11-15 December 2011
June 23, 2015 , by admin2
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...
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10th Round of Negotiations of The Trans-Pacific Partnership (TPP)
June 23, 2015 , by admin2
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....
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MALAYSIA AND SAUDI ARABIA TO WORK FOR CLOSER ECONOMIC RELATIONS
June 23, 2015 , by admin2
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,...
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Datuk Dr Rebecca Fatima Sta Maria answers your 10 questions
June 23, 2015 , by admin2
 
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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...
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