The European Union Parliament’s vote to ban the use of palm oil in biofuels by 2021 has cast a cloud over the ongoing free trade negotiations between Malaysia and the 28-member bloc.
Parti Sosialis Malaysia (PSM) said it would fight all trade agreements that it considered unfair and only favoured big corporations, including a new regional economic partnership that is set to replace the US-sponsored Trans-Pacific Partnership Agreement (TPPA).
In Malaysia, people of Chinese descent account for about a quarter of the population. With China seeking a stronger economic foothold overseas through its "Belt and Road" initiative, this community is looking to benefit.
President Maithripala Sirisena and the visiting Prime Minister of Malaysia Dato’ Sri Mohd. Najib bin Tun Abdul Razak agreed to expand trade relations between the 2 countries further.
The original Trans-Pacific Partnership Agreement (TPPA) had offered very little gain to Malaysia.
An upgraded Trade and Investment Framework Agreement (TIFA) version, to the level of a bilateral free trade agreement, will pave the way for higher economic engagement between the US and Malaysia, said official
A blockbuster Pacific trade pact thrown into doubt by Donald Trump could be salvaged by suspending parts of the deal in order to get the 11 remaining nations to sign on.
The 10 member states of Asean and China’s Hong Kong Special Administrative Region will sign the Asean-Hong Kong Free Trade Agreement and Investment Agreement on in Vietnam.
Malaysia’s free trade agreement talks with the European Union (EU), which is slated to be renegotiated after a lull of five years, must address trade barriers that discriminate palm oil.
PM says the proposed solution is to have the TPPA model incorporated into a bilateral agreement similar to a FTA in order to facilitate discussions on trade and investment issues.
Malaysia does not have a bilateral agreement with Canada, so the TPP-11 could serve a way towards that goal. Malaysia is also actively exploring its trade options with Latin America.
“Now without TPPA, we are thinking of having an upgraded version of TIFA with the US, as TIFA is an agreement to go towards the goal of establishing a free-trade agreement at the end,” Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan said
Malaysia expects to conclude free trade agreements with Hong Kong and Iran by year-end and affirms that the FTA between Malaysia and EU is also advancing
Both nations will establish working groups to address trade matters that include labour, intellectual property and the environment.
Bilateral consultations are underway between Malaysia and the US to enhance the economic and trade relationship between the two countries in a bilateral channel.
Upcoming free trade deals with biofuel-producing countries in Asia and South America will undermine the European Union’s goals to decarbonise the transport sector.
The stalled Malaysia-European Union (EU) Free-Trade Agreement (FTA) talks will be resumed sooner, said EU Ambassador and Head of Delegation to Malaysia.
Free trade agreements have been the battering rams that have been used by the political elite of advanced countries to create a lop-sided economy that favours billionaires.
Discussions on the proposed Sri Lanka-Malaysia free trade agreement have advanced into the scoping stage.
Some nations such as New Zealand, Australia and Japan have been pushing for the deal to continue, but Malaysia’s Trade Minister Mustapa Mohamed said his country was less keen to proceed.