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OFFICIAL PORTAL OF THE
MINISTRY OF INVESTMENT, TRADE AND INDUSTRY
Home- About MITI
- Transforming Industry
- Promoting Trade
- Malaysia and the WTO
- ASEAN
- Overview
- ASEAN FTA
- ASEAN Summit
- Chairman Statement of the 32nd ASEAN Summit
- Chairman Statement of the 33rd ASEAN Summit
- 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
- ASEAN Economic Ministers' Meeting
- ASEAN Comprehensive Investment Agreement (ACIA)
- ASEAN Publication
- ASEAN Agreement on Electronic Commerce
- APEC
- Free Trade Agreements
- Trade Remedies
- Investment Guarantee Agreements (IGAs)
- Business Process Analysis for Asean Single Window
- Malaysia's Trade Performance 2024
- Laman Interim Malaysia National Trade Repository (MNTR)
- Promoting Investment
- Events
- Contact Us
- Our Services
- Approved Permit
- Preferential Certificate of Origin (PCO)
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- Strategic Trade Act 2010
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- Policy and Guidelines
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- e-Penyertaan
- Bumiputera Controlled Public Listed Companies (BCPLC)
Glossary
Bilateral Trade
The exchange of goods between two countries. Bilateral trade agreements give preference to certain countries in commercial relationships, facilitating trade and investment between the home country and the foreign country by reducing or eliminating ... [read more]
Binding Commitments
In the WTO, when countries agree to open their markets for goods or services, they “bind” their commitments. For goods, these bindings amount to ceilings on customs tariff rates. Sometimes countries tax imports at rates that are lower ... [read more]
NAICO
National Aerospace Industry Coordinating Office - coordinates, implements and monitors the Malaysian Aerospace Industry Blueprint 2030 and overall aerospace industry development programmes in Malaysia. It is the centre of ... [read more]
Blue Box
Blue Box refers to production limiting subsidies and considered therefore less trade-distorting. They are exempt from the reduction commitments under the WTO Agreement on Agriculture. Examples of Blue Box include certain payments to farmers where ... [read more]
Bonded Warehouse
Designated area, approved by the Royal Malaysian Customs (RMC) under Section 65 of the Customs Act 1967, for storing dutiable goods. A country can change its bindings, but only after negotiating with its trading partners, which could mean ... [read more]
Bound Tariff
The maximum tariff level of a product notified to the WTO which a country commits not to exceed. If the bound duty is raised, compensation must be given to the affected parties. [read more]
ABAC
APEC Business Advisory Council - provides business-specific advice to APEC Leaders on implementation of the Osaka Action Agenda (OAA), trade and investment liberalization and facilitation (TILF), economic and technical cooperation (ECOTECH), ... [read more]
Budget Deficit
Also known as Fiscal deficit Occurs when the government annual amount of spending exceeds income from taxation. When a country is running a fiscal deficit it must finance this by borrowing through the issue (sale) of new debt. A government will ... [read more]
NAC
The National Automotive Council - is chaired by YB Minister of MITI and consists of representatives from the Government and automotive industry. The role of the council is to oversee the implementation of NAP 2014 and other policy related to ... [read more]
Budget Surplus
A situation in which income exceeds expenditures. Most commonly used to refer to the financial situations of governments - individuals speak of "savings" rather than a "budget surplus." A surplus is considered a sign that ... [read more]
Business Councils of Dialogue Partners
ASEAN Members States undertake regular consultations with business Councils of dialogue partners namely ASEAN-EU Business Council, ASEAN-Japan Business Council, ASEAN-New Zealand Business Council, ASEAN-Canada Business Council, US-ASEAN Business ... [read more]
Cabotage Policy
The cabotage policy is a policy that governs the transport/shipping of goods or passengers between two places along coastal routes in the same country by a transport operator from another country, practiced by many nations worldwide including ... [read more]
NAMA
Non-Agriculture Market Access - involves all products that are not covered by the Agriculture Agreement. In other words, NAMA products include all fish and fishery products, wood and forestry products, electronics, manufactures, automotive ... [read more]
ABDC
Automotive Business Development Committee – chaired by MITI and discusses incentive applications under the Multi Sourcing Parts Progamme(MSP) and Industrial Linkage Programme (ILP) schemes for the automotive industry. [read more]
Capital Account
The capital account is the net result of public and private international investments flowing in and out of a country. The capital account includes foreign direct investment (FDI), portfolio and other investments, plus changes in ... [read more]
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