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.
Berjaya is to receive US$104.3 million and to withdraw the notice of intent that it submitted to seek investor-state dispute settlement arbitration for a sum of US$3.42 billion.
The European Union is Malaysia’s third-largest trading partner and is its largest source of foreign direct investment, and Malaysia is a major exporter of raw materials to the European Union. But politics over palm oil threaten their relationship.
The British government remains hopeful of setting up a joint committee to boost bilateral trade and investment with Malaysia amid changes to the federal government.
With new regulatory changes now taking place on the basis of the EU’s Renewable Energy Directive (RED) II of 2018, Indonesia and Malaysia are trying to come to terms with the implications for their global palm oil market strategy and domestic production.
A planned EU-China investment agreement looks unlikely to be struck by September as planned because of the coronavirus outbreak, European Union trade chief Phil Hogan said.
Malaysian PM Mahathir controls the credibility of APEC, and China controls how emerging economies cut carbon emissions.
While the Malaysia-European Union (EU) trade and investment flows have been stable thus far, Malaysia’s trade advantages could decrease in the future, as negotiations on a free trade agreement (FTA) with the bloc remain suspended.
A coalition of 61 NGOs has asked the government the reason for racing against the clock in concluding the world’s largest trade pact — the RCEP — with details “shrouded in secrecy”.
India’s decision to review its free trade agreement (FTA) with ASEAN is not seen as affecting the talks on the Regional Comprehensive Economic Partnership (RCEP), which are expected to be completed by year-end.
Malaysia sees positive progress towards concluding the Regional Comprehensive Economic Partnership (RCEP), the world’s largest trade pact, by year-end.
South Korea will hold a third round of free trade talks with Malaysia this week with the aim of striking a trade deal before November, Seoul’s trade ministry said Tuesday.
Malaysia welcomes the review of the Malaysia-Australia Free Trade Agreement (MAFTA) but any effort to do so will only be considered after the negotiations on the Regional Comprehensive Economic Partnership (RCEP) have been concluded.