Malaysia will not be pressured into ratifying a 11-nation Asia-Pacific trade deal, as trade minister raised the prospect of holding out for bilateral tariff pacts instead.
Malaysia punched above its weight at last week’s Asean Summit, where key decisions on the RCEP trade deal were postponed because many issues were unresolved.
Seoul agreed to launch a feasibility study on a free trade agreement with Malaysia and resume stalled trade pact negotiations with Indonesia.
Malaysia Prime Minister, Dr Mahathir Mohamad has reiterated his stand that Malaysia will not agree to lopsided trade deals. Malaysia had raised concerns, one of which is market access, said the source who requested anonymity.
Malaysia is still studying the implications and potential impacts of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) before deciding to ratify the free trade agreement, said the Prime Minister
KLS Energy Lanka, the local subsidiary of Malaysian renewable energy producer Energy Sdn Bhd of Malaysia has initiated ICSID arbitration under the Sri Lanka-Malaysia BIT
An MP has dismissed a trade advocacy group’s claim that Malaysia will lose out to Vietnam if it does not ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Indonesia could delay signing a planned free trade deal with Australia if Prime Minister Scott Morrison formally recognises Jerusalem as Israel’s capital, political analysts suggest, as the move would provoke deep anger in the lead up to the Muslim nation’s presidential election.
Malaysia is putting a premium on a free trade deal led by the Association of Southeast Asian Nations, its trade minister told The Japan Times in a recent interview, while also apparently relegating the Japan-backed Trans-Pacific Partnership to the back burner for the time being.
The ongoing trade tension between China and the United States has provided the impetus for an early conclusion of the Regional Comprehensive Economic Partnership (RCEP), said Malaysia’s International Trade and Industry Ministry.
The Swiss Senate has narrowly voted against proposals to exclude palm from any free trade agreement with Malaysia and Indonesia.
The FTA was placed on hold since the region was impacted by various unfortunate circumstances such as the Arab Spring, followed by the global financial crisis, as well as the plunge in crude oil prices.
Malaysia will go ahead with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in a reaffirmation of the country’s commitment to the wide-ranging trade pact involving 11 nations.
Veteran Malaysian prime minister Mahathir Mohamad lived up to his reputation for straight talk, calling for "fair trade" and warning against a new colonialism in a joint press conference with Chinese premier Li Keqiang.
There is nothing progressive about the CPTPP except its name.
With negligible real trade gains from the original TPP, the US withdrawal has made benefits from the regional agreement even more trivial.
Malaysia has expressed its strong interest in moving forward on the free trade agreement (FTA) with Sri Lanka that was initially contemplated in 2013, a communiqué from Sri Lanka’s Industry and Commerce Ministry said yesterday.
The EU-Malaysia Chamber of Commerce and Industry is hopeful that the new government will resume talks on the EU-Malaysia free trade agreement.
Malaysia should review bilateral investment treaties to see if it is fair to remain in these trade agreements as some contain clauses that are seen to be biased to investors, said Third World Network adviser Martin Khor.
The newly formed government in Malaysia is apprehensive of China’s One Belt One Road Initiative (OBOR). The Mahathir Mohamad government is not very keen to participate in China’s One Belt One Road Project.