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Malaysia
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
Photo: MTUC
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.
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 Consumer Association of Penang (CAP) is urging the government to assess its position in regional trade agreements like the TPP and the RCEP.
Trade deals cover many key issues besides trade and have huge implications for economic and social development, so they should also come under review by the new government.
The Malaysian government will review several trade agreements such as Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP) to see if its viable to be part of the trade partnerships.
Malaysia is studying the possibility of establishing a free-trade agreement (FTA) with Brazil, International Trade and Industry Ministry Secretary-General Datuk Seri J Jayasiri said.
Unlikely that a US-Malaysia FTA will transpire anytime soon, says American Malaysian Chamber of Commerce
Minister of International Trade and Industry Datuk Seri Mustapa Mohamed said, "Malaysia has been an open economy dependent on trade and we have been one of the biggest supporters of free trade."
It is now time we open up the dialogue on the kind of trade agreements that we want to see in place.
Consumers Association of Penang says the new agreement will be even worse than the original as there will not even be the benefit of selling more exports to the US.
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Malaysia FTAs
From MITI
