Compared to its neighbours in Southeast Asia, Malaysia was late to get on the FTA train. But now it does not want to be left out of the major deals, it seems.
Malaysia signed its first FTAs with Japan in 2005. In 2007, it signed with Pakistan. It also has FTAs with Chile (2010) , India (2011) and New Zealand (2009), It has been in FTA talks with the US, but these have effectively been shelves since 2009. It is in negotiations with Australia, and may commence negotiations with the GCC and EFTA.
As member of ASEAN, it is also party to the agreements with China, India, Korea and Japan, and the negotiations with Australia/New Zealand and the EU.
last update: May 2012
Incoming International Trade and Industry Minister Datuk Mustapa Mohamed has vowed to work hard to ensure that the country’s trade remains in good shape despite difficult times.
Implementation of the Asean-Japan Comprehensive Economic Partnership Agreement (AJCEP) is expected enhance bilateral economic relations and industrial cooperation between Malaysia and Japan under the Malaysia-Japan Economic Partnership Agreement (MJEPA). The AJCEP comes into force for Malaysia and Japan from today.
Malaysia is hopeful that negotiations for the Free Trade Agreement (FTA) between the Gulf Cooperation Council (GCC) and Malaysia can commence as soon as possible, Prime Minister Datuk Seri Abdullah Ahmad Badawi said.
Syria today suggested Malaysia and Syria sign a free trade agreement to intensify economic, trade and investment ties between the two countries.
The next round of negotiations on the EU-Asean free trade agreement (FTA) will take place in KL, while the EU is awaiting an announcement from the Malaysian government of its intention to sit at the negotiation table and try to conclude their Partnership Cooperation Agreement, a prerequisite to the FTA.
Malaysia is exploring a framework for cooperation in trade and investment with the European Free Trade Area (EFTA), International Trade and Industry Minister Tan Sri Muhyiddin Yassin said today.
Malaysia and Australia hope to conclude free trade agreement (FTA) negotiations by 2009, said International Trade and Industry Minister Tan Sri Muhyiddin Yassin.
Malaysia and Australia hope to conclude the free trade agreement (FTA) between both countries within a ’reasonable time-frame’," says International Trade and Industry Minister Tan Sri Muhyiddin Yassin.
Negotiations for an ambitious free trade agreement between India and the European Union are on track but are unlikely to be completed by end of 2008, EC Ambassador to India said today.
The conclusion of negotiations for the Malaysia-Australia Free Trade Agreement (FTA) may take longer than expected as Malaysia cannot agree to Australia’s requests which go beyond the World Trade Organisation (WTO) agenda, International Trade and Industry Minister Datuk Seri Rafidah Aziz said on Monday.