Sudan’s government confiscated Petronas’s assets on the grounds that they were acquired "through illegal means" during Omar al-Bashir’s regime. Some argue that Sudan is turning on its allies "under the pretext of fighting corruption".
PETROLIAM Nasional Bhd (Petronas) has led a request for arbitration at the International Centre for Settlement of Dispute in the absence of positive development on Sudan’s transitional government’s decision to confiscate the company’s assets in Khartoum, Sudan.
The Malaysia government is currently refining the draft amendments to three Acts as it moves towards ratifying the Regional Comprehensive Economic Partnership (RCEP).
Malaysia and Turkey have signed a joint declaration on the expansion of the free trade agreement or FTA between the two governments to reinforce the mandate in pursuing the expansion of the agreement to include chapters on services, investment and e-commerce.
The ongoing US-China tensions can be a potential wildcard to the mass ratification and adoption of the Regional Comprehensive Economic Partnership (RCEP) by its country member signatories.
The Malaysia government has taken steps to amend relevant laws and regulations to comply with the obligations of the Regional Comprehensive Economic Partnership (RCEP) agreement.
Malaysia and New Zealand have agreed on upgrading the regional ASEAN-Australia-New Zealand FTA (AANZFTA), which is undergoing a comprehensive review, Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said.
As a free trade agreement (FTA) with Malaysia returns to the table, experts fear local companies could lose business to Malaysian ones if duty-free market access is given in sectors where the latter has a competitive advantage.
Commerce minister says Bangladesh government will sign the deal with Malaysia should not be just for the duty free benefits on export but also for securing massive investments, according to economists.
As the EU secures trade deals with Southeast Asian nations, Malaysian industry groups are pushing to restart trade talks. Experts say a free trade agreement would boost post-pandemic recovery in both regions.
The Ministry of International Trade and Industry (Miti) targets to receive the mandate from the Cabinet to determine the direction of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in October this year.
Nations of the D-8 should sign a much-needed preferential trade agreement to remove tariff and non-tariff barriers, ministers and entrepreneurs of the trade bloc said.
Malaysia is looking towards ratifying the Regional Comprehensive Economic Partnership (RCEP) agreement by the end of this year, the International Trade and Industry Ministry (MITI) deputy secretary-general (Industry) Datuk Seri Norazman Ayob said.
Malaysia’s goods trade balance will decline by 36% or US$4 billion (RM16.4 billion) per annum, post the Regional Comprehensive Economic Partnership (RCEP), according to a report by the Global Development Policy Centre of Boston University.
After nearly four years of negotiations, Iran and Malaysia are getting closer to the signing of a long-awaited preferential trade agreement.
Southeast Asian countries facing the daunting challenge of kick-starting economic recoveries from COVID-19 are showing little interest in a step that could help — fast-tracking free trade talks with the European Union.
The third round of talks for signing a preferential trade agreement between Iran and Malaysia was held through video conference, an official with Iran’s Trade Promotion Organization (TPO) announced.
Malaysia’s Ministry of International Trade and Industry (MITI) is engaging with stakeholders to get feedback on sensitive issues such as government procurement before deciding on the ratification of the CPTPP.
The government is currently focusing on the RCEP negotiations before looking at other FTAs, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
It is now abundantly clear that the CPTPP has not only proved irrelevant in the face trade protectionism but would actually strengthen IPRs, raising the costs of Covid-19 tests, treatments and vaccines.