Malaysia views US President Joe Biden’s proposed Indo-Pacific economic bloc as a welcome initiative but sees a bigger immediate opportunity in selling its access to a China-led trade pact.
In this ever-unfolding but unpredictable world and regional situation, Malaysia should remain “non-aligned” — albeit as appropriate for these new times. It should not take sides between the dominant West and its adversaries — led by China, the region’s major trading partner by far.
The Regional Comprehensive Economic Partnership (RCEP), the world’s largest trade deal so far, came into effect in Malaysia from 18 March 2022.
The government is taking steps to resume negotiations on the Malaysia-European Union Free Trade Agreement (MEUFTA).
The Regional Comprehensive Economic Partnership (RCEP), the world’s largest free trade agreement, will finally be effective for Malaysia on March 18.
The government has proposed to continue with the Malaysia-European Union Free Trade Agreement (MEUFTA) negotiation that has been delayed since 2012, said Deputy Minister of Trade and Industry Senator Datuk Lim Ban Hong.
The proposed amendments to three Acts, which are necessary to complete the domestic ratification process of the RCEP, will be tabled in Parliament next month, according to Senior Minister Datuk Seri Mohamed Azmin Ali.
Malaysia and Turkey are set to conclude the text-based negotiations for an expanded free trade agreement (FTA) between the two countries by year-end and finalise the entire package by the middle of 2022.
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.