Miti Blog

Ministry of International Trade and Industry Malaysia Official Blog

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Local authority must buck up
June 19, 2015 , by admin2
MALAYSIA was rated the 16th best investment destination by the United Nations this year. We have improved our position from 19th last year to 16th. This puts us on a par with France and Canada. The United Nations Conference on Trade and Development also ranked Malaysia 11th among the top 20 economies with the highest foreign direct investment (FDI) rates of return. This is an excellent indicator to show that Malaysia continues to be a profitable centre. On the same note, the AT Kearny Foreign Direct Investment Confidence Index shows that we have dropped from 10th to 25th position, which is the last position measured. This report is based on a survey of 300 senior executives of the world leading corporations. It showed that these global corporations may have initially been attracted to Prime Minister Datuk Seri Najib Razak’s Economic Transformation Programme. The reports are an excellent indicator and we can either rejoice or sit back and reflect. There may be a thousand...
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Next Round Of EU-Malaysia FTA Talks To Resume In Q4, Says Envoy
June 19, 2015 , by admin2
SINGAPORE, June 3 (Bernama) — The next round of negotiations on the EU-Malaysia Free Trade Agreement (FTA) is expected to resume in the fourth quarter, says Ambassador & Head of Delegation of the European Union to Malaysia, Luc Vandebon. He said both sides are working to resume the process as soon as possible. “Recently an informal video conference was held between my colleagues in Brussels and the Ministry of International Trade & Industry where both sides reaffirmed their interest to further discuss and negotiate on the proposed FTA. “After such a long break, the EU and Malaysia need to compare notes and take stock on the various issues, to verify if we are in sight of each other. If this “stock taking” process goes well, as I think and hope, then we will be in a position to resume the negotiations, maybe in autumn,” he said in response to Bernama in an email interview. The Technical Working Groups of the negotiating teams met in Kuala Lumpur last...
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Pelaburan bersama tingkat penyepaduan
June 19, 2015 , by admin2
SINGAPURA 10 Julai - Pelaburan bersama antara syarikat-syarikat akan meningkatkan lagi penyepaduan ekonomi dalam ASEAN, kata Menteri Perdagangan Antarabangsa dan Industri, Datuk Seri Mustapa Mohamed (gambar). Dalam konteks mencapai Komuniti Ekonomi ASEAN, kata beliau, sudah ada banyak kemajuan yang dilihat, termasuk dalam perdagangan, piawaian, pengangkutan dan saling hubung. “Dalam pelaburan, ia tidak begitu jelas, tidak terlalu ketara tetapi memang ada banyak pelaburan, bukan hanya Malaysia dan Singapura; kita perlu lakukan lebih lagi (dengan negara-negara lain) termasuk Indonesia, Thailand dan Vietnam,” katanya kepada pemberita selepas menemui enam syarikat yang melabur dalam Iskandar Malaysia. Sebelum itu, Mustapa, yang berada di sini untuk meneruskan perbincangan dengan komuniti perniagaan Singapura, juga mengadakan pertemuan waktu makan tengah hari dengan Dewan Perniagaan dan Industri Cina Singapura semalam. Menteri itu menegaskan bahawa sudah ada beberapa usaha sama...
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Miti, Mida negotiating potential investments of RM44bil
June 18, 2015 , by admin2
KUALA LUMPUR: The International Trade and Industry Ministry (Miti) and its agency, the Malaysian Investment Development Authority (Mida), are negotiating potential investments worth RM44bil for 466 projects in manufacturing and manufacturing-related services. Minister Datuk Seri Mustapa Mohamed said that the projects included chemicals and chemical products, electrical and electronics, metal and metal alloy, as well as manufacturing-related services. “Malaysia remains a competitive investment location and continues to attract manufacturing projects with significant level of investments,” he said in a statement. Mustapa said despite intense global and regional competition for foreign direct investments (FDIs), Malaysia continued to attract multinational corporations and large companies to establish their regional and global operations in the country. He said this was reflected by the total 428 manufacturing projects with investments of RM28.3bil approved between January...
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MATRADE Promotes Malaysia’s Aerospace Industry Players At Singapore Airshow
June 17, 2015 , by admin2
SINGAPORE, Feb 12 (Bernama) — As Malaysia gears towards becoming an aerospace hub in the region, Malaysia External Trade Development Corporation (MATRADE) is taking relentless efforts to promote the country’s industry players expand their markets overseas, a senior official said. Md Silmi Abdul Rahman, MATRADE Director (Transport, Logistics, Machinery, Maintenance, Repair and Overhaul (MRO)/Europe, Trade and Services Promotion Division) said the aerospace industry is a new industry under the Economic Transformation Programme (ETP) mooted by Prime Minister Datuk Seri Najib Tun Razak. “As such, we are looking towards a higher value industry to move forward. Aerospace is one of the 13 sub-sectors of the industry,” he told BERNAMA when met at the Singapore Airshow being held at the Changi Exhibition Centre. He said MATRADE has been tasked to undertake the promotion drive of this industry to look for new overseas markets for Malaysian players. “All this while most of the...
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Johor catat pelaburan RM14.4 bilion, destinasi popular pelaburan di Malaysia
June 17, 2015 , by admin2
KUCHING 4 Mac - Johor merupakan destinasi pilihan utama pelabur di negara ini apabila mencatatkan nilai pelaburan berjumlah RM14.4 bilion dalam sektor pembuatan mengatasi Selangor, Sarawak dan Pulau Pinang pada tahun lalu. Timbalan Menteri Perdagangan Antarabangsa dan Industri, Datuk Ir. Hamim Samuri berkata, Selangor berada di tangga kedua dengan hasil pelaburan sebanyak RM9.8 bilion, diikuti Sarawak (RM8.27 bilion) dan Pulau Pinang (RM3.9 bilion). Katanya, daripada keempat-empat negeri itu, Sarawak mencatat hasil pelaburan hampir mencecah dua kali ganda berbanding tahun sebelumnya iaitu sebanyak RM4.72 bilion. Menurutnya, jumlah itu menunjukkan pengusaha dan penggiat aktiviti perniagaan pelbagai peringkat di Sarawak mempunyai keyakinan dalam menarik pelabur asing dan domestik terhadap prestasi ekonomi negeri itu. “Saya juga percaya komitmen kerajaan negeri dalam mewujudkan suasana kondusif dan mesra pelabur ternyata berjaya menarik pelabur untuk menanam modal di Sarawak,”...
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Services Sector To Become Major Contributor To Economy By 2020: Mustapa
June 17, 2015 , by admin2
KUALA LUMPUR, April 10 (Bernama) — The services sector will contribute 60 per cent to the Gross Domestic Product (GDP) by 2020, making it a major contributor to Malaysia’s economy, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. Currently, the services sector accounts for 55 per cent of the country’s GDP. “We have less than six years to achieve this. We need to do something radical to invigorate the services sector. It has done well, growing faster than other sectors but that is not enough,” he told reporters after Malaysia Services Development Council 1/2014 meeting here Thursday. Also present at the meeting were Pemandu (Performance Management & Delivery Unit) Chief Executive Officer Datuk Seri Idris Jala and representatives from the various ministries, agencies and services industries association. Mustapa said the council was briefed, among others, on the progress of the services sector liberalisation initiative at the Asean level as well...
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MALAYSIA EXTERNAL TRADE STATISTICS
June 17, 2015 , by admin2
MALAYSIA EXTERNAL TRADE STATISTICS TRADE PERFORMANCE FOR THE MONTH OF MARCH 2014 AND THE PERIOD OF JANUARY-MARCH 2014 # Export Growth Sustained
Exports in March 2014 expanded by 8.4% year-on-year to RM65.03 billion andimports increased by 0.5% to RM55.43 billion from March 2013. Trade surplus increased by 96.8% to RM9.59 billion in March 2014. Malaysia’s total trade in March 2014 rose by 4.6% from a year ago to RM120.46 billion. Increases in trade were recorded with Singapore, which rose RM2.21 billion, Taiwan (↑RM1.64 billion), Australia (↑RM1.06 billion), the Netherlands (↑RM854.7 million), Hong Kong (↑RM391.6 million) and New Zealand (↑RM366.3 million). E&E Drives Exports Exports of manufactured goods was RM43.86 billion or 67.4% of total exports in March 2014, an increase of 8.5% or RM3.44 billion from March 2013. The increase in exports was contributed mainly by higher exports of electrical and electronic (E&E) products especially electronic integrated...
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[MEDIA RELEASE] 20TH APEC MINISTERS RESPONSIBLE FOR TRADE MEETING 17 – 18 MAY 2014
June 17, 2015 , by admin2
MEDIA RELEASE 20TH APEC MINISTERS RESPONSIBLE FOR TRADE MEETING 17 – 18 MAY 2014
Y.B. Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry will attend the 20th APEC Ministers Responsible for Trade (MRT) Meeting in Qingdao, China from 17 – 18 May 2014. Ministers will have discussions based on 2014 APEC priorities as outlined by the host, China. The priorities are: ·Advancing Regional Economic Integration; ·Promoting Innovative Development, Economic Reform and Growth; and ·Strengthening Comprehensive Connectivity and Infrastructure Development. Ministers will also discuss APEC continuing priority on Supporting the Multilateral Trading System and Resisting Protectionism.  Specifically, they will deliberate on issues surrounding the implementation of the Bali Package concluded at the WTO 9th Ministerial Conference in Bali last year, particularly the implementation of the Trade Facilitation Agreement within the agreed time frame.  APEC has been firm in... Read More
INITIATION OF ANTI-DUMPING INVESTIGATION CONCERNING IMPORTS OF HOT-ROLLED COILS (HRC), CHEQUERED COILS AND PICKLED & OILED COILS (P&O COILS) ORIGINATING IN OR EXPORTED FROM THE PEOPLE’S REPUBLIC OF CH
June 17, 2015 , by admin2
INITIATION OF ANTI-DUMPING INVESTIGATION CONCERNING IMPORTS OF HOT-ROLLED COILS (HRC), CHEQUERED COILS AND PICKLED & OILED COILS (P&O COILS) ORIGINATING IN OR EXPORTED FROM THE PEOPLE’S REPUBLIC OF CHINA, THE REPUBLIC OF INDONESIA AND THE REPUBLIC OF KOREA On 20 May 2014, the Government of Malaysia received a petition from a domestic producer requesting an imposition of anti-dumping duty on imports of HRC, Chequered Coils and P&O Coils. The petitioner alleges that imports of HRC, Chequered Coils and P&O Coils originating in or exported from the People’s Republic of China, the Republic of Indonesia and the Republic of Korea are being dumped into Malaysia at a price much lower than the price in the domestic market of the alleged countries. The petitioner claims that this has caused material injury to the domestic industry in Malaysia. The petitioner further claims that the imports from the alleged countries have increased in terms of absolute quantity.  As a result, the...
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