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
Malaysia can have a free trade pact with the European Union (EU), EU ambassador Vincent Piket said, the second in Asean after Singapore.
The Malaysian government is committed to the regional free trade agreement (FTA) with China that came into force on Jan 1, although some parties have expressed concerns the trade liberalisation agreement would hurt local manufacturers.
Malaysia is close to finalising its first Free Trade Area (FTA) deal with Chile and the Latin American leader plans to sign it during a visit to Kuala Lumpur.
Malaysia and New Zealand signed a free trade deal on Monday after four years of negotiations, in an agreement Malaysia hopes will see it become a gateway to investment in Southeast Asia.
Malaysia hopes to start negotiations for a free trade agreement with the Gulf Cooperation Council countries this week.
The bilateral free trade agreement (FTA) between Malaysia and New Zealand, which is expected to be inked by year-end, seeks to improve the time frames agreed on earlier under the Asean-Australia and New Zealand FTA.
Chile and Malaysia on Monday began a 6th round of negotiations for a bilateral free trade agreement, which is expected to be signed this year.
Renegotiations on the Free Trade Agreement (FTA) between Malaysia and three other countries namely the United States (US), Australia and New Zealand will begin in the middle of June.
Malaysia and Qatar signed a bilateral trade agreement on 20 May
The business community is encouraged to work together with the government in ensuring that free trade agreements (FTAs) will provide the best benefits for the country.