Miti Blog

Ministry of International Trade and Industry Malaysia Official Blog

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APEC MINISTERS RESPONSIBLE FOR TRADE MEETING, 5 – 6 June, Japan
June 29, 2015 , by admin2
Y.B. Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry will attend the APEC Ministers Responsible for Trade Meeting (MRT) in Sapporo, Japan from 5-6 June 2010. MRT will:
  • discuss ways to give impetus to conclude the Doha Development Agenda(DDA) negotiations;
  • review the international economic and trade environment and APEC’s efforts in mitigating protectionism; 
  • evaluate progress made by APEC’s economies in realising free and open trade and investment in the region, in line with the objectives of the Bogor Goals; 
  • discuss ways to accelerate on-going work programmes and identify new measures to strengthen regional economic integration;
  • exchange views on ways to strengthen long-term growth in the Asia Pacific region remised on balanced, inclusive, sustainable, knowledge-based and secure growth; and
  • seek new ways to enhance human security with a specific focus on food security, pandemic preparedness and counter terrorism measures. 
Malaysia...
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Why Malaysia is Still an Ideal Destination for FDI?
June 29, 2015 , by admin2
Mustapa Mohamed
“Kudos to all of you for rightfully choosing Malaysia as your preferred investment destination!” Having said that, we would like to highlight a few key points on why Malaysia remains an ideal destination for Foreign Direct Investment(FDI). Among the things that have helped put Malaysia on the international investors radar includes:
  • World-class physical infrastructure 
  • Strong base of highly educated English-speaking workers
  • Conducive business and policy environment – the “Soft Infrastructure” 
  • Strong legal system that safeguards business transactions while promoting corporate governance
  • Setting up of a high-powered public-private sector taskforce, PEMUDAH, to address bureaucracy in business-government dealings
  • Rapid advancement in Information Technology
  • Adoption of global best practices in business
After all the hard work, it is heartening to note that Malaysia has made it to thetop 10 most competitive nations list in a recent report by the acclaimed...
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MITI to Draw Investments Worth RM 10 Billion
June 26, 2015 , by admin2
MITI through its agency, MIDA, has successfully drawn potential investments worth more than RM 10 billion in Q1 of 2010. MIDA’s investment missions have succeeded in procuring and negotiating for investments from countries across continents and new investments are currently in the process of negotiation. Major areas of interest are in the: Solar Industry MIDA and US and China-based solar specialist companies negotiate for potential investments valued at an estimated RM 5 billion. Manufacturing & Engineering Support (MES) Industry Potential investments are targeted for the oil well completion equipments and umbillicals (diversification projects). Transport Industry Interest to invest in projects on MRO composite repair, MRO for aircraft components, seats for aerospace industry and aircraft machine parts. The strong interest is attributed to MIDA’s: 
  •  new strategies for investment projects 
  • on-going Specific Project Missions (SPM) overseas 
  • current corporatisation...
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World Investment Report 2010
June 26, 2015 , by admin2
The recent UNCTAD report showed that world FDI flows in 2009 fell by 37% affecting many countries, including Malaysia. Having seen the early signs of the decline, the government instituted wide-ranging reforms as early as April 2009. “At the time that the global financial crisis was eroding investor confidence worldwide, the government recognized the need to transform the Malaysian economy to increase its attractiveness,” said YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry. “Whilst acknowledging the dampening FDI inflows into Malaysia, it must be highlighted that Malaysia was also named in the same report as one of the top 15 host countries for FDI for 2010-12 by a survey of transnational corporations,” Mustapa said. The government has introduced several key initiatives, such as economic liberalisation, the Government Transformation Programme, the New Economic Model, and the 10 th Malaysia Plan to spur the economy. These efforts will...
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Questions on the UNCTAD World Investment Report 2010
June 26, 2015 , by admin2
What is the World Investment Report (WIR)? The World Investment Report is an annual report published by the United Nations Conference on Trade and Development (UNCTAD), since 1991. The UNCTAD WIR 2010 was released on 22 July with the theme “Investing in a Low Carbon Economy”. The Report discusses global and regional tren ds in FDI, recent policy developments and opportunities and threats in developing countries in the transition to a low carbon economy. What are the reasons for the drop in the Foreign Direct Investments (FDIs) in Malaysia in 2009? The decline in FDI inflows into Malaysia to US$1.38 billion in 2009 is mainly due to: the global economic crisis which started in 2008 and continued in 2009, causing global FDI to decline by 37% as investors worldwide were more careful in making investment decisions involving large funds;  Malaysia is in a transition from capital intensive to knowledge-based industry;  Rising competition for FDI, from both new emerging market...
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FTAs: Creating an Environment for Fair Trade
June 26, 2015 , by admin2
 
Secretary General of MITI, Y.Bhg. Tan Sri Abdul Rahman Mamat
FTAs create a conducive environment for investments by providing protection to investment and enhancing Malaysia’s standing as an attractive investment destination. This will strengthen investor confidence and translate into potential employment opportunities and provide more choices at competitive prices for the consumer. Contrary to arguments put forth by some critics, FTAs prompt local companies to work harder and become more efficient to stay competitive. The concessions accorded under FTAs are normally granted in stages over a period of time; long enough for the domestic producers to adapt their production processes to meet the increased competition in the domestic market. Learn more about FTAs by reading “FTAs – Creating An Environment For Fair Trade ”. Also featured is the Malaysia-New Zealand FTA which helped increase the confidence of a New Zealand based company to invest in Malaysia and how the Malaysia-Japan Comprehensive Economic Partnership Agreement...
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The Way Forward to Global Competitiveness
June 26, 2015 , by admin2
 
mustapa13
RANKINGS have now become commonplace. Countries are being benchmarked based on the level of transparency and the integrity of their institutions. In the economic sphere, the competitiveness of countries is evaluated on an annual basis by a number of institutions. These rankings have played a role in shaping people’s perceptions about countries and institutions. They may not be entirely accurate, but many take heed of the assessments. And, even if they do not provide complete assessments, they do influence decision-making. Each year, the Ministry of International Trade and Industry (Miti) monitors the results of three major international reports on countries’ competitiveness, namely the World Competitiveness Yearbook (WCY) 2010 by the Institute of Management Development (IMD), the Global Competitiveness Report (GCR) 2010-2011 by the World Economic Forum (WEF) and the Doing Business (DB) Report by the World Bank. Many parties may not agree with the criteria or the scores...
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Trade & Investment Mission to the USA, 17 - 24 Sept 2010
June 26, 2015 , by admin2
International Trade and Industry Minister, Y.B. Dato’ Sri Mustapa Mohamed, will lead a trade and investment delegation to the United States covering Atlanta, Philadelphia and Washington DC from September 17 to 24, 2010 to bolster bilateral economic and trade relations. He will also attend the Global Services Summit 2010 in Washington DC where he will be among panellists for the Expanding Services Trade and Investment: A Vision for the Asia-Pacific forum. “This mission marks the government’s continuing efforts to draw more foreign investment from the US. We hope that through such programmes, we can attract more American investors and industry players into Malaysia and boost two-way trade relations,” Dato’ Sri Mustapa said. “This time around, we will focus on investments from high-technology sectors which have the potential to generate more job opportunities and at the same time create a higher-valued ’spin-off’ effect within the industry.”  
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Realising Asean Vision via AEC
June 25, 2015 , by admin2
Asean will continue to remain a key trading partner for Malaysia, says Abdul Rahman
Asean Economic Community (AEC) will be established in January 2015. The establishment of the AEC will enable the 10 ASEAN member countries to work hand-in-hand in making the region a dynamic business destination. To date, 3 key agreements have been implemented to enhance free flow of goods, services and investment. ASEAN countries are working on opening up the services sector and remove barriers to allow for free flow of trade in services within the region. The article by the Secretary General of MITI, Y.Bhg. Tan Sri Abdul Rahman Mamat, sheds light on Realising ASEAN vision via AEC.
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MITI Weekly Bulletin Volume 118, 24 November 2010
June 25, 2015 , by admin2
MWB-118-24 Nov 2010 Highlights of the MITI Weekly Bulletin, Vol. 118 include: APEC Leaders See Progress in Achieving Bogor Goals Asia-Pacific Economic Cooperation (APEC) had undertaken an assessment on the realisation of its 2010 Bogor Goals’ target of free and open trade and investment in the Asia Pacific for specifically its industrialised member economies. Outcomes of the assessment were tabled at the APEC Economic Leaders’ Meeting (AELM) in Yokohama, Japan, 13-14 November 2010. The assessment indicated that… Malaysia-Chile Free Trade Agreement The Malaysia-Chile Free Trade Agreement (MCFTA) was signed on 13 November 2010 in Yokohama, Japan. Chile will undertake full elimination of import duties for 6,900 tariff lines (90.2% of total tariff lines) from the date of entry into force of the Agreement. The Malaysian business community is encouraged to take full advantage of the opportunities offered under this FTA. The 1-Innocert Programme: 1-Innovation Certification for Enterprise...
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