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OFFICIAL PORTAL OF THE
MINISTRY OF INVESTMENT, TRADE AND INDUSTRY
Home- About MITI
- Transforming Industry
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- 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
Export Competition
Export competition refers to export subsidy or other measure which acts to maintain producer’s price at levels above those prevailing in international market. This is one of the major pillars negotiated under the Doha Round and consists of ... [read more]
PL
Packing Loan - An exporter who receives an LC may need a temporary working capital for purchasing of raw materials, overhead expenses and other expenses. In order to meet these requirements, the exporter may apply for Packing Loan secured against ... [read more]
Export Credits
Export credit is provided by a bank in exporter’s country to finance exports. [read more]
ATF
Authorised Treatment Facility - are sites that have been licensed to accept end of life vehicle (ELV) and are able to comply with the requirement of ELV regulations. ATFs are more commonly known as dismantlers, scrap yards, salvage yards or ... [read more]
Export Credit Guarantees
The Export Credit Guarantees is provided by government entities to guarantee credit up to 100% of the export value on a short-term to long term basis. [read more]
Export Credit Insurance
It is issued by Exim Bank to cover the following risks: Commercial Risks (e.g. insolvency of buyer) Economic Risks (e.g. blockage or delay in the transfer of payment to Malaysia, Imposition of import restrictions or the cancellation of valid import ... [read more]
Export Subsidies
Aims to encourage export of goods and discourage sale of goods in the domestic market through low-cost loans or tax relief for exporters, or government financed international advertising or R&D. An export subsidy reduces the price paid by ... [read more]
Financial Account
Records the sales of assets i.e. sales of assets to foreigners and purchases of assets located abroad. Financial account components include direct investment (including foreign direct investments – FDI; and direct investments abroad ... [read more]
Financial Derivatives
Financial derivatives are financial instruments that are linked to a specific financial instrument or indicator or commodity, and through which specific financial risks can be traded in financial markets in their own right. Transactions in financial ... [read more]
Flat Products
Flat products include slabs, hot-rolled coil, cold-rolled coil, coated steel products, tinplate and heavy plate. They are used in automotive, heavy machinery, pipes and tubes, construction, packaging and appliances [read more]
Fourth Industrial Revolution (4IR)
Current trend of automation and data exchange in manufacturing technologies. [read more]
BA
Bankers Acceptance - A Bankers Acceptance (BA) is a Bill of Exchange (draft) drawn by an importer/buyer/exporter/seller on his bank to his order, to finance an underlying trade transaction and accepted by that bank. It is termed ... [read more]
Foreign Bills of Exchange Purchased/ Discounted
Bank Financing Exporter on a Usance Bill of Exchange (BE) When an exporter draws a usance BE on the importer, he is giving a credit period and this credit period given depends on the terms of the sales contract between them. The exporter has to wait ... [read more]
Free-Rider
A term used to infer that a country receives benefits from tariff cuts and concessions made by other countries through the most-favoured-nation principle, without undertaking any commitments. [read more]
Standstill
Standstill - one of the nine principles in achieving trade and investment liberalization and facilitation which was stated in the Osaka Action Plan (1995) of APEC. Based on this principle, each APEC member economy agrees not to take any measure that ... [read more]
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