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OFFICIAL PORTAL OF THE
MINISTRY OF INVESTMENT, TRADE AND INDUSTRY
Home- About MITI
- Transforming Industry
- Promoting Trade
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- Overview
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- Chairman Statement of the 34th ASEAN Summit
- Chairman Statement of the 35th ASEAN Summit
- Chairman Statement of the 36th ASEAN Summit
- Chairman Statement of the 37th ASEAN Summit
- Chairman Statement of the 38th and 39th ASEAN Summit
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Glossary
Nominal GDP
Gross domestic product (GDP) evaluated at current market prices Nominal values of GDP from different time periods can differ due to changes in quantities of goods and services and/or changes in general price levels. As a result, taking price ... [read more]
Long Products
Long products include hot rolled bar, cold rolled or drawn bar, rebar, railway rails, wire, rope (stranded wire), woven cloth of steel wire, shapes (sections) such as U, I, or H sections, and may also include ingots from continuous casting, ... [read more]
Net International Reserves
Comprise of gold and foreign exchange, reserve position in the International Monetary Fund and Special Drawing Rights, less external liabilities. [read more]
Machine Tools
Metalworking machinery consists of metal cutting and metal forming/shaping machinery. [read more]
National Treatment
Is a principle in international law vital to many treaty regimes. It essentially means treating foreigners and locals equally. Under national treatment, if a state grants a particular right, benefit or privilege to its own citizens, it must also ... [read more]
Main Carriage
Domestic: subsequent transportation beyond pre-carriage International: transportation from the point of departure on the seller’s side to the arrival pint on the buyer’s side [read more]
Mark-up Approach
Addition of a certain number of percentage points to the applied rate of the unbound tariff line in order to establish the base rate. Current proposal is for mark-up of 30. [read more]
Market Access
Market access for goods in the WTO means the conditions, tariff and non-tariff measures, agreed by members for the entry of specific goods into their markets. [read more]
Marine-restricted
Terms that only apply to carriage by vessel [read more]
Material Handling Equipment
Machines for movement, handling, storage and retrieval of materials such as cranes, conveyance equipment, auto/storage/retrieval systems and material handling equipment for manufacturing processes. [read more]
Member Economies
A term used for an official member of APEC. Members taking part in APEC activities do so as economic entitites rather than as sovereign states. Currently, APEC comprises 21 member economies: Australia; Brunei Darussalam; Canada; Chile; ... [read more]
Minamata Convention
A global treaty to protect human health and the environment from the adverse effects of mercury. [read more]
Minamata Convention
A global treaty to protect human health and the environment from the adverse effects of mercury. [read more]
Moratorium
The moratorium on new membership, effective through 2010, was agreed between APEC Leaders in 1997 in order to give APEC a period in which to lay firm foundations for the future given the considerable number of members (21). [read more]
Multilateral Trade Agreement
A multilateral trade agreement involves three or more countries who wish to regulate trade between the nations without discrimination. They are usually intended to lower trade barriers between participating countries and, as a consequence, increase ... [read more]
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