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.
Malaysia’s prime minister says the UK can expect better trade terms with Southeast Asia if it asserts its independence post-Brexit.
Reportedly, Berjaya, Malaysian investor initiated ISDS dispute against South Korea.
There will be more investments in the finance and high-value agriculture sectors to Malaysia from China as part of its Belt and Road Initiative (BRI).
The government has yet to decide on whether Malaysia will ratify the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership or not.
Bangladesh will form a committee to negotiate signing Free Trade Agreement (FTA) with Malaysia.
It claim that the CPTPP would boost Malaysia’s economic growth by greatly increasing export, but potentially would increase more in imports.
The South Korean and Malaysian governments declared the initiation of bilateral FTA negotiations on June 27 and will be going to complete the negotiations by November this year.
Malaysia bets big on RCEP with India as RCEP is set to pose a major challenge of cheaper imports of refined products.