Miti Blog

Ministry of International Trade and Industry Malaysia Official Blog

Tag Archives: imports

Next round of industrial revolution
October 15, 2015 , by admin2

E-commerce is another avenue to grow businesses, and both Malaysian and Chinese SMEs are taking advantage of it.

THE 12th China-Asean Expo (Caexpo) in Nanning, Guangxi province concluded on Monday (Sept 21), after four days of trading and business matching.

A billboard near the venue advertised: “You are just one handshake away from the market of 1.9 billion people,” referring to the combined pop­u­lation of 1.3 billion from China and 620 million from 10 Asean cou­ntries.

The Malaysian pavilion was the busiest at the Caexpo.

Visitors thronged the hall for the food and beverages, health and wellness products, lifestyle products and other services offered by the exhibitors.

While goods changed hands and meetings between potential partners took place under the Jalur Gemilang hanging from the hall ceiling, small and medium enterprises (SMEs) were encouraged to give e-commerce a try.

International Trade and Industry Minister II Datuk Seri Ong Ka Chuan, who opened the...

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Mustapa: Asean on track for progressive trade liberalisation
October 13, 2015 , by admin2

Asean countries are on track for progressive liberalisation of trade within the region, covering 128 sub-sectors via the Asean Framework Agreement on Services (AFAS).

The liberalisation will boost the services sector’s contribution to the region’s gross domestic product (GDP) from the current 40% to 50%, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

He said AFAS will be a platform for services providers to take advantage of the market openings as well as to benefit from new ideas and processes arising out of the opening of the services sector.

Efforts has been put into concluding the AFAS 10th package by year-end to provide wider and better opportunities for members in tapping the benefits of the services sector,” he said in his opening address at the inaugural Asean Service Provider Confederation (ASPC) meeting yesterday.

His speech was read by Malaysia External Trade Development Corp (Matrade) CEO Datuk Dzulkifli Mahmud. Last year, Asean...

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Figures on Textile and Apparel Industry
July 6, 2015 , by admin2
The petrochemical and chemical industry is the second largest contributor to our total exports. For the period of January to May 2009, exports of petroleum products amounted to RM997.4 million, while imports reached RM381.6 million. For the chemicals and chemical product sub-sector, imports and exports totaled RM12.7 billion and RM12.3 billion respectively. During the first five months of 2009, total investments in petroleum products (including petrochemicals) totalled RM1.1 billion, while that for chemical and chemical products amounted to RM1.5 billion. The pharmaceutical industry, which is mostly dominated by SMEs, saw an increasing demand trend in the domestic market. The pharmaceutical industry productivity in 2008 grew by 11.6 per cent, while sales value expanded by 11 per cent to RM1.4 billion in 2008. This increase is due to demand from the domestic market, arising from better health awareness and ageing population. Manufacturers must continue to expand and upgrade their...
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WOOD AND WOOD-BASED SUB-SECTOR
July 6, 2015 , by admin2
For the first five months of 2009, exports of the wood and wood-based sub-sector, encompasses both wood and paper products, fell 19.3 per cent to RM5.3 billion compared to the corresponding period last year. This was a result of dampened demand from Malaysia’s major export markets, such as the USA and Europe. To streamline and improve the efficiency of the timber sub-sector, the government launched the National Timber Policy (NATIP) on 17 February 2009. Among its objectives, NATIP serves to ensure that the industry continues to enhance its competitiveness in the global marketplace. The Government continues to promote higher value-added downstream activities through the provision of special funding and grants. These support facilities assist Malaysian companies in setting up and expanding infrastructure facilities, R&D, training and streamlining procedures to facilitate increased production. The Malaysian government has also embarked on several initiatives to enhance market...
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SOME NOTES ON METAL SUB-SECTOR
July 6, 2015 , by admin2
The metals sub-sector which consists of ferrous and non-ferrous metals is a key component in Malaysia’s manufacturing and construction industry. Taken as a whole, exports of the metals industry in January to May 2009 fell by 26.9 per cent to RM9.2 billion from RM12.6 billion in the first five months of last year. Imports of metals which are critical inputs in our fabrication industry, also declined by 35.3 per cent in the same period. A total of 47 projects were approved in the metal industry with investments valued at RM2.6 billion for the period of January – May 2009. As part of the metals industry, the iron and steel sub-sector provides basic raw materials and intermediate inputs to other sectors such as agriculture, construction and engineering. The Government had introduced measures to help spur production and trade in this sub-sector. Effective 1 August 2009, steel manufacturing licences will be issued without restriction to meet the demand for long and flat steel...
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Status of Tariff Reduction under ASEAN Free Trade Area
July 6, 2015 , by admin2
ASEAN-wide: 98.94 per cent of all products have been placed in the Inclusion List (IL) of the CEPT Scheme for AFTA. Of which 97.15 per cent are at 0-5 per cent. Average tariff in 2009 is 1.65 per cent (1.95 per cent in 2008). For ASEAN-6: 99.40 per cent of all their products are in the Inclusion List (IL), of which 99.71 per cent are at duty of 0-5 per cent. Average tariff is 0.79 per cent in 2008 (1.32 per cent in 2007). For CLMV: 98.31 per cent of all their products are in the IL, of which 93.15 per cent are at duty of 0-5 per cent. Average tariff is 3.00 per cent in 2009 (3.69 per cent in 2008).
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TRADE AND INVESTMENT MISSION
July 3, 2015 , by admin2
A Trade and Investment Mission to West Asia/ North Africa (Qatar, Egypt and Saudi Arabia) will be held on 4 – 11 October 2009. The mission aims to enhance trade and investment relations with the Middle East and North Africa countries, specifically, Qatar, Egypt and Saudi Arabia. Malaysian exporters especially in the services sector and Malaysian companies who wish to collaborate in trade and investment with the host countries are encouraged to participate in the trade and investment mission.
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Vehicle End-of-Life Policy (ELV) and the Phasing-out of Imported Used Parts and Components
July 3, 2015 , by admin2
The Ministry of International Trade and Industry (MITI) would like to refer to the issues raised by the public on the mandatory annual inspection as a requirement for road tax renewal for all vehicles aged 15 years or above and the gradual phase-out of imported used parts and components under the National Automotive Policy (NAP) Review announced on 28 October 2009. 2. On the mandatory annual inspection, the Government, through the Ministry of Transport (MOT), will formulate a roadmap for the implementation of Vehicle End-of-Life Policy (ELV) by taking into consideration the views of all parties through consultations with consumer associations and Non-Government Organisations (NGOs). 3. MITI’s Secretary General, Tan Sri Abdul Rahman Mamat reiterated that “the effective date for the implementation of the mandatory annual inspection is not on 1 January 2010 as reported in some media. The Government will announce the effective date of the mandatory annual inspection once the...
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December Exports Highest for the Year
July 1, 2015 , by admin2
Presentation by YB Dato' Sri Mustapa Mohamed
Export numbers for December 2009 show a 9.2% rise to RM54.67 billion from the preceding month. With exports overall for the year having contracted only 16.6% compared to the earlier forecast of 20%, more green shoots are coming through. Recovery was led primarily by the recovery in the electrical and electronics sector which accounted for 41.2% of Malaysia’s total exports Where’s it all going? The top five destinations were Singapore, China, Japan, the US and Thailand making Asia the main destination. China’s share of Malaysia’s total exports almost doubled in the five year period to 2009. It was 12.2% as compared with 6.6% in 2005. If taken in combination with Hong Kong, China is now Malaysia’s largest export destination accounting for 17.4% of total exports. We forecast exports will grow by 3.5% this year as they continue along the path towards recovery. In the meantime we will strive to strengthen existing FTAs as well as negotiate and conclude ongoing...
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The Services Sector – Driving Growth
July 1, 2015 , by admin2
Nearly two thirds of GDP by 2015 will be services. The new economic model for Malaysia places emphasis on raising the productivity level of workers to help them earn higher incomes as well as raising the country’s income status as a whole from middle to high. When the new economic model is unveiled, necessary changes and realignment to policies and strategies outlined in the IMP3 will have to be made. These include changes to macro-frameworks and to inject the elements of innovation and creativity into the development strategies. The target has been set; the contribution of the services sector is to increase to 60 per cent of the GDP by 2015. We want to hear your feedback…
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