deepavali message from the minister of international trade ... · export import trade balance. 2014...
TRANSCRIPT
Dato’ Sri Mustapa MohamedMinister of International Trade and Industry
Assalamualaikum, Salam Sejahtera dan Salam 1Malaysia, Annaivarukum Vanakam,
Deepavali is a special festival for the Indian community. This is the time for spiritual reflection and celebration to mark victory of good over evil and light over darkness for our Hindu brothers and sisters. Deepavali is also shared with people of different backgrounds and beliefs as we come together as 1Malaysia. It is always a momentous occasion for family reunions, as I was informed that Hindu families perform an act of cleansing in the morning with oil and shikaki as celebration of triumph over evil. This is the value of culture and traditions that sets the foundation of Malaysians.
Deepavali Message from the Minister of International Trade and Industry
Unity in diversity has always been, and continues to be, a hallmark of Malaysia. Our country is blessed with multi-cultural celebrations. This is our strength that forms the foundation of Malaysia’s economic progress and development. While Malaysia has made great strides in reducing poverty and inequality over the half a century, the challenges remain. These challenges include raising the knowledge intensity of economic activity, restructuring sources of growth, introducing greater competition and strengthening social protection for vulnerable groups before Malaysia can fully meet the aspirations of a progressive and inclusive society.
Moving forward, MITI and its agencies will continue to work hard in complementing the Government’s efforts and commitments towards national transformation. Time is of the essence as we approach year 2020 to realise our vision and our model of economic development. The ‘rakyat’ will always be at the core of the Government’s nation building initiatives to ensure that each and every Malaysian benefits substantially from economic and social growth. I have reminded our MITI family recently, that our policies and programmes must touch the heart and feel the pulse of the rakyat. This is important as we continue to renew ‘nambikei’ (trust) between the Government and the Indian community in our efforts to uplift the Indian community.
On that note, I would like to take this opportunity to ask our communities to come together and join our Hindu brothers and sisters especially the MITI family in celebrating this festival with the confidence that will bring light and hope to all Malaysians.
Theepa Thriru Nal Nalvalthugal, HAPPY DEEPAVALI !
MITI Weekly Bulletin | www.miti.gov.my
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
Malaysia has won a non-permanent seat in the United Nations Security Council (UNSC). Voting took place at the United Nations General Assembly in New York on 16 October 2014 to fill five vacancies among the Security Council’s non-permanent membership.
UNITED NATION S SECURITY COUNCIL “D
RIV
ING
Transform
ation, PO
WER
ING
Grow
th”
MITI Weekly Bulletin / www.miti.gov.my
New Members
Malaysia
New Zealand
Angola
Spain
Venezuela
0.0
1.0
2.0
3.0
4.0
Jan Feb Mar Apr May Jun Jul Aug Sep
3.4 3.5 3.5 3.4 3.2 3.3 3.2 3.3
2.6
%
115.
8
109.
3
111.
0
110.
1
97.5
116.
6
109.
8
111.
1
110.
4
97.4
113.
8
107.
2
110.
5
108.
3
97.9
CPI for Selected Main Groups, Sept 2014
MALAYSIA
MITI Weekly Bulletin / www.miti.gov.my
Inflation Rate (%), Jan - Sept 2014 Year-on-year change of the Consumer Price Index (CPI)
MalaysiaUrban
Rural
Food And Non-Alcoholic
Beverages
Food And Housing, Water, Electricity, Gas
And Other Fuels
Transport CommunicationEducation
Based:2010=100
Source : Department of Statistics, Malaysia
Source : Department of Statistics, Malaysia
Based:2010=100
Note: Urban* are defined as gazetted areas and built-up areas which borders to it, and the combination of these two areas have a population of 10,000 or more. Built-up area is defined as the area located next gazetted areas and have at least 60 percent of the population (aged 15 years and over) who are involved in non agricultural activities.
INFLATION
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
Note : % change year-on-year -The Consumer Price Index (CPI) measures the percentage change through time in the cost of purchasing a constant basket of goods and services representing the average pattern of purchases made by a particular population in a specified time period
Consumer Price Index (CPI) by Major Categories, September 2014
Source : Department of Statistics, Malaysia
114.4
Food And Non-Alcoholic
Beverages
+3.2%112.2 115.8
Alcoholic Beverages
And Tobacco Clothing
and Footwear
+o.3%
Housing, Water,Electricity and
Other Fuels
114.4
Furnishings, Household ,
Equipment and Routine Household
Maintainance
+0.9%
Health Transport
+3.4% +0.8%
Communication
114.4
Recreation,Services and
Culture
+1.9%
Education Restaurantsand Hotels
+4.8% +0.7%
MiscellaneousGoods
and Services
109.6 125.8 98.6 98.3 105.7 109.3
105.7 109.7 107.2 110.8 110.5 111.0 98.3 97.5
103.0 105.0 107.5 110.1 112.2 117.6 104.9 105.6
2013 2014
+14.8% +3.4%
+0.5%
+2.4%
MITI Weekly Bulletin | www.miti.gov.my
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
INTERNATIONAL REPORT
SINGAPORE
SINGAPORE’s GDP, Q3 2014
LATEST KEY ECONOMIC INDICATORS
Manufacturing Sector1.4%
Construction Sector1.4%
Goods Producing Industries
Services Producing Industries2.9%
2.4%
Overall GDP Advance Estimates1
Q3 2014
Note:
1 The advance GDP estimates for the third quarter of 2014 are computed largely from data in the first two months of the quarter (i.e. July and August 2014). They are intended as an early indication of the GDP growth in the quarter, and are subject to revision when more comprehensive data become available.
MITI Weekly Bulletin / www.miti.gov.mySource :http://www.singstat.gov.
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
“Our ASEAN Neighbours”
Sources:http://www.bsp.gov.ph/statisticshttp://en.wikipedia.org
MITI Weekly Bulletin / www.miti.gov.my
PricesInflation Rate2.2% (Q2 2014)Area
167,953 sq. km
PopulationTotal Population
66,720,1532014 estimate
Financial Account(Q2 2014)
Net Foreign Direct Investment
US$3,381 mil.
Gross International Reserves
US$167,953 mil.
ThailandK e y E c o n o m i c I n d i c a t o r s
NationalAccount
Real GDP Growth Rate
0.3% ( Q2 2014)
LabourUnemployment Rate
0.7% (Q2 2014)
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
Trade With Malaysia, 2005 - Aug 2014
External Trade (Q2 2014)
Exports: US$55,887 mil.Imports: US$49,835 mil.
Total Trade : US$105,722 mil.
28,745.90 26,634.30
22,856.8026,345.40
5,889.10 288.900
10,000
20,000
30,000
40,000
50,000
2005 2006 2007 2008 2009 2010 2011 2012 2013 Jan -Aug2014
Export Import Trade Balance
2014 Nobel Laureates Physics
"for the invention of efficient blue light-emitting diodes which has enabled bright and energy-
saving white light sources"
Isamu Akasaki (Japan)
Hiroshi Amano(Japan)
Shuji Nakamura(USA)
“for the development of super-resolved fluorescence microscopy”
Chemistry
Eric Betzig(USA)
Stefan W. Hell(Romania)
William E. Moerner(USA)
"for their discoveries of cells that constitute a positioning system in the brain"
Physiology or medicine
John O'Keefe(USA)
May-Britt Moser(Norway)
Edvard I. Moser(Norway)
Source:http://www.nobelprize.org/
"for their struggle against the suppression of children and young people and for the right of
all children to education"
Kailash Satyarthi(India)
Malala Yousafzai(Pakistan)
Peace Prize
"for the art of memory with which he has evoked the most ungraspable human destinies and uncovered the life-world of the occupation"
Patrick Modiano(France)
Literature
Economics
MITI Weekly Bulletin / www.miti.gov.my
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
"for his analysis of market power and regulation".
Jean Tirole(France)
Number and Value of Preferential Certificates of Origin (PCOs)“D
RIV
ING
Transform
ation, PO
WER
ING
Grow
th”
Source: Ministry of International Trade and Industry, Malaysia
Number of CertificatesValue of Preferential Certificates of Origin
AJCEP: ASEAN-Japan Comprehensive Economic Partnership (Implemented since 1 February 2009)
ACFTA: ASEAN-China Free Trade Agreement (Implemented since 1 July 2003) AKFTA: ASEAN-Korea Free Trade Agreement (Implemented since 1 July 2006)
AANZFTA: ASEAN-Australia-New Zealand Free Trade Agreement(Implemented since 1 January 2010)
AIFTA: ASEAN-India Free Trade Agreement (Implemented since 1 January 2010)
ATIGA: ASEAN Trade in Goods Agreement (Implemented since 1 May 2010)
Value of Preferential Certificates of Origin
Number of Certificates
MICECA: Malaysia-India Comprehensive Economic Cooperation Agreement (Implemented since 1 July 2011)
MNZFTA: Malaysia-New Zealand Free Trade Agreement (Implemented since 1 August 2010)MCFTA: Malaysia-Chile Free Trade Agreement (Implemented since 25 February 2012)
Number of Certificates
Notes: The preference giving countries under the GSP scheme are Japan, Switzerland, the Russian Federation, Norway, Liechtenstein and Kazakhstan.
MPCEPA: Malaysia-Pakistan Closer Economic Partnership Agreement (Implemented since 1 January 2008)
Value of Preferential Certificates of Origin
Value of Preferential Certificates of Origin
MAFTA: Malaysia-Australia Free Trade Agreement (Implemented since 1 January 2013)
MJEPA: Malaysia-Japan Economic Partnership Agreement (Implemented since 13 July 2006)
AANZFTA AIFTA AJCEP ATIGA ACFTA AKFTA
24 Aug 2014 921 641 211 4,797 1,541 883
31 Aug 2014 863 617 140 4,295 1,412 689
7 Sep 2014 891 571 240 4,243 1,508 754
14 Sep 2014 1,011 604 267 4,814 1,362 739
21 Sep 2014 757 517 102 4,435 1,132 689
28 Sep 2014 1,107 553 188 4,830 1,269 714
5 Oct 2014 849 560 263 4,664 1,237 757
12 Oct 2014 895 460 179 4,479 1,395 667
MICECA MNZFTA MCFTA MAFTA
24 Aug 2014 345 3 84 44931 Aug 2014 323 12 66 3367 Sep 2014 317 3 73 406
14 Sep 2014 315 13 74 36421 Sep 2014 326 8 60 49828 Sep 2014 331 3 45 4705 Oct 2014 349 8 51 342
12 Oct 2014 297 3 48 304
MJEPA MPCEPA GSP
24 Aug 2014 882 184 18031 Aug 2014 822 160 1457 Sep 2014 877 172 123
14 Sep 2014 782 97 14921 Sep 2014 825 128 15128 Sep 2014 856 143 1255 Oct 2014 901 208 138
12 Oct 2014 785 135 128
24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 OctAANZFTA 98 89 84 93 75 105 69 71AIFTA 194 161 166 156 121 118 142 119AJCEP 70 82 106 214 296 76 78 193
0
50
100
150
200
250
300
350
RM m
illio
n
24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 OctATIGA 9,254 9,125 710 679 715 836 802 641ACFTA 829 739 632 819 601 721 490 541AKFTA 648 312 144 298 405 231 110 119
0
2,000
4,000
6,000
8,000
10,000
12,000
RM m
iliio
n
24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 OctMICECA 46.40 54.69 42.14 38.00 30.88 38.33 44.93 43.01MNZFTA 0.03 0.32 0.32 0.24 0.20 0.03 0.11 0.02MCFTA 11.74 8.08 9.47 8.66 6.68 4.74 6.03 6.17MAFTA 36.14 28.93 31.68 25.12 30.61 36.49 30.24 24.35
0
10
20
30
40
50
60
RM
mill
ion
24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 OctMJEPA 608 384 137 249 161 146 113 122MPCEPA 24 82 49 36 28 34 70 19GSP 30 23 21 29 24 20 26 20
0
100
200
300
400
500
600
700
RM m
illio
n
MITI Weekly Bulletin / www.miti.gov.my
Major Currencies against US Dollar, Jan 2013 - Sept 2014
Source : http://www.freecurrencyrates.com MITI Weekly Bulletin / www.miti.gov.my
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
1.24
1.26
1.28
1.30
1.32
1.34
1.36
1.38
1.40
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2013 2014
US
Do
llar
Euro (EUR)
1 EUR = USD 1.29
1.40
1.45
1.50
1.55
1.60
1.65
1.70
1.75
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2013 2014
US
Do
llar
British Pound (GBP)
1 GBP = USD 1.63
0.0820.0840.0860.0880.0900.0920.0940.0960.0980.100
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2013 2014
US
Do
llar
South Korean Won (KRW)
100 KRW = USD 0.097
0.840.860.880.900.920.940.960.981.001.02
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2013 2014
US
Do
llar
Canadian Dollar (CAD)
1 CAD = USD 0.91
0.070
0.072
0.074
0.076
0.078
0.080
0.082
0.084
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2013 2014
US
Do
llar
Mexican Peso (MXN)
1 MXN = USD 0.076
1.401.451.501.551.601.651.701.751.801.851.90
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2013 2014
US
Do
llar
Indian Rupee (INR)
100 INR = USD 1.64
Source : http://www.gold.org/investments/statistics/gold_price_chart/
US$/MT
Aluminium, Nickel and Copper PricesJan 2013- Sept 2014
MITI Weekly Bulletin / www.miti.gov.my
Gold Gold (US$/gramme)
Silver (US$/oz)
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
Silver
2,038 1,990
8,047 6,872
17,473 18,035
0
5000
10000
15000
20000
25000
Jan 13 Feb 13Mar 13Apr 13May 13Jun 13 Jul 13 Aug 13 Sep 13 Oct 13 Nov 13 Dec 13 Jan 14 Feb 14Mar 14Apr 14May 14Jun 14 Jul 14 Aug 14Sept 14
Nickel Copper Aluminium
Gold and Silver PricesJan 2013 - 10 Oct 2014
38.7 39.79
20.16
17.39
15
17
19
21
23
25
27
29
0
10
20
30
40
3 J
an
10 J
an
17 J
an
24 J
an
30 J
an
7 F
eb
14 F
eb
21 F
eb
28 F
eb
7 M
ar
14 M
ar
21 M
ar
28 M
ar
4 A
pr
11 A
pr
18 A
pr
25 A
pr
2 M
ay
9 M
ay
16 M
ay
23
May
30
May
6 J
un
13
Ju
n
20
Ju
n
27
Ju
n
4 J
ul
11
Ju
l
18
Ju
l
1 A
ug
8 A
ug
15
Au
g
22
Au
g
29
Au
g
5 S
ep
t
12
Se
pt
19
Se
pt
26
Se
pt
3 O
ct
10
Oc
t
Source : http://econ.worldbank.org/WBSITE/EXTERNAL/EXTDEC/EXTDECPROSPECTS
Commodity Price Trends
864
822792
750720
693 697710
705726
822
719
600
650
700
750
800
850
900
18 Jul 1 Aug 8 Aug 15 Aug 22Aug 29 Aug 5 Sept 12 Sept19 Sept26 Sept 3 Oct 10 Oct
US
$/m
t
Crude Palm Oil
1,671.5
1,695.51,660.5
1,666.5
1,647.5
1,614.51,507.0
1,529.0
1,453.01,422.0 1,433.5
1,470.5
1300
1350
1400
1450
1500
1550
1600
1650
1700
1750
18 Jul 1 Aug 8 Aug 15 Aug 22Aug 29 Aug 5 Sept 12 Sept 19 Sept 26 Sept 3 Oct 10 Oct
US
$/m
t
Rubber SMR 20
2,736.12,789.1
2,819.4
2,827.0
2,827.0
2,683.0
2,674.22,734.8
2,886.4
2,840.9
2,674.2
2,784.4
2550
2600
2650
2700
2750
2800
2850
2900
2950
18 Jul 1 Aug 8 Aug 15 Aug 22Aug 29 Aug 5 Sept 12 Sept19 Sept26 Sept 3 Oct 10 Oct
US
$/M
T
Cocoa 366.0
354.3 339.5
340.5
337.5
345.5333.5
334.8
339.5
336.3
345.3
348.5
300
310
320
330
340
350
360
370
18 Jul 1 Aug 8 Aug 15 Aug 22Aug 29 Aug 5 Sept 12 Sept 19 Sept 26 Sept 3 Oct 10 Oct
US
$/M
T
Raw Sugar
101.6
98.595.7
93.8
94.5
94.691.5
93.1
97.0
91.083.8
83.3
80
85
90
95
100
105
18 Jul 1 Aug 8 Aug 15 Aug 22 Aug 29 Aug 5 Sep 12 Sep 19 Sep 26 Sep 3 Oct 10 Oct
US
$/b
bl
Crude Petroleum
150.5
154.6
139.9
137.4
124.0
114.8
127.2
137.1
134.2
132.6
136.3
135.8
128.1
121.4
111.8
114.6
100.6
92.7
96.1
92.6
82.4
0
20
40
60
80
100
120
140
160
180
13 Jan 13 Feb 13 Mar 13 Apr 13 May 13 Jun 13 Jul 13 Aug 13 Sep 13 Oct 13 Nov 13 Dec 14 Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14 Sep
US
$/d
mtu
Iron Ore380.0 380.0
370.0 370.0
365
370
375
380
385
18 Jul 1 Aug 8 Aug 15 Aug 22 Aug 29 Aug 5 Sep 12 Sep 19 Sep 26 Sep 3 Oct 10 Oct
US$
/mt
Scrap Iron
Scrap Iron/MT (High) Scrap Iron/MT(Low)
60.5
60.5
60.0
60.1
59.0
57.2
56.5
56.554.5
51.4
52.8
51.8
46
48
50
52
54
56
58
60
62
18 Jul 1 Aug 8 Aug 15 Aug 22 Aug 29 Aug 5 Sep 12 Sep 19 Sep 26 Sep 3 Oct 10 Oct
US
$/m
t
Coal
Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group
Source :
2013 2014
MITI Weekly Bulletin | www.miti.gov.my
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
Crude Petroleum (10 October 2014)
US$83.3per bbl
Crude Palm Oil(10 October 2014)US$718.5 per MT
Highest & Lowest Prices, 2013/2014
10 October 2014 domestic prices for :1. Billets (per MT) : RM1,700 - RM1,7502. Steel bars (per MT) : RM1,900 - RM2,050
Commodity Prices
Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group
Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated
Source :
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
MITI Weekly Bulletin / www.miti.gov.my
CommodityCrude
Petroleum (per bbl)
Crude Palm Oil (per MT)
Raw Sugar
(per MT)
Rubber SMR 20(per MT)
Cocoa SMC 2
(per MT)
Coal(per MT)
Scrap Iron HMS
(per MT)10 Oct 2014
(US$) 83.3 718.5 348.5 1,470.5 2,784.4 51.8 380.0 (high)370.0 (low)
% change* 0.6 12.6 0.9 2.6 4.1 1.9 unchangedunchanged
2013i 88.1 - 108.6 805.5 361.6 2,390.8 1,933.1 .. 485.6
2012i 77.7 - 109.5 1,000.4 473.8 952.5 2,128.9 .. 444.7
2011i 80.3 - 112.7 1,124.0 647.0 1,348.3 2,644.8 .. 491.0
Lowest
(US$ per bbl)
Highest(US$ per bbl)
Highest(US$ per MT)
Lowest
(US$ per MT)2014
26 Sept 2014: 107.62013
6 Sept 2013: 110.2
201410 Oct 2014: 83.3
201319 Apr 2013: 88.1
201414 Mar 2014: 982.5
201315 Nov 2013: 925.0
201429 Aug 2014: 693.0
20134 Jan 2013: 800.0
MITI Weekly Bulletin / www.miti.gov.my
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
Founded in 1988 as Smart Education Centre by Dato’ Sri Dr Richard Ong and Datin Sri Dato’ Dr KH Wang, the organisation changed its name to Smart Reader® Worldwide Sdn Bhd in 1998. This move was made to reflect the expansion of its English Programme into the international arena. Backed by the success of the Smart Reader® English Programme and the rich experience of the group of educationists, Smart Reader® Worldwide launched the Smart Reader Kids® concept in 1999. Tagged as Every Child’s Dream School, this unique, imaginative and vibrant 21st century model child development centre has emerged very aggressively and accredited by the Malaysia Book of Records as The Largest Chain of Child Enrichment Centres in Malaysia. Smart Reader Worldwide is a market-leading early childhood education franchise provider that has found success through its well-known Smart Reader kids brand of preschool education programmes. The company, which started in the franchising industry a decade ago, currently has about 300 Smart Reader Kids centres in operation nationwide,with another 150 centres overseas. In 2010, Smart Reader Worldwide was certified to National Mark of Malaysian Brand and received a total
Smart Reader® Worldwide Sdn BhdWisma Smart Reader® I No. 3, Jalan Udang Harimau 1,Kepong Business Park, Segambut,51200 Kuala LumpurTel: +603 - 6279 5555Fax: +603 - 6279 5511Email: [email protected]
of RM100,000 in incentives from SME CORP. Malaysia for advertising and promotional purposes. Propelled by the prestige and credibility of the certification and the continuous upgrading of its education programmes, the company has seen its success and reputation grow. For an organisation that has been around for a good number of years, success is influenced by ONE key factor, Quality. Constant research and development and continuous upgrading of the programmes has enabled this quality product to remain at the helm, steering preschool education into a gloriuos and exclusive era.
SUCCESS STORY
Smart Reader Worldwide Sdn. Bhd
CONTACT :
Pertubuhan Orang Cacat PenglihatanMalaysia (SBM) akan menganjurkan
HARI TONGKAT PUTIH ANTARABANGSA PERINGKAT KEBANGSAAN 2014
pada 23-24 Oktober 2014 bertempat di Stadium Darulaman,
Alor Setar, Kedah
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”
MITI Weekly Bulletin / www.miti.gov.my
The list of zero-rated items in the Goods and Services Tax which
announced during budget 2015 has been gazetted as P.U. (A) 272.
It can be accessed at: http://gst.customs.gov.my/en/rg/SiteAssets/gst_order/
pua_20141013_P.U.%20(A)%20272%20-%20Perintah%20CBP%20(Pembekalan%20Berkadar%20
Sifar)%202014.pdf
Goods and Services Tax (Zero-rated Supply)
Order 2014
Dear Readers,Kindly click the link below for any comments in this issue. MWB reserves the right to edit and to republish letters as reprints. http://www.miti.gov.my/cms_matrix/form.jsp?formId=c1148fbf-c0a81573-3a2f3a2f-1380042c
Comments & Suggestions
Name : Kanmalar NarayanasamyDesignation : Administrative Assistant Job Description : Responsible for processing of
Certificates of Origin.Division : Trade and Industry support DivisionEmail : [email protected] Details : 03-62000391
MITI
Integrity Quote
“To know what is right and not do it is the worst cowardice”
Confucius chinese philosopher (551 - 479 BC)
Glossary of Terms (No. 9, 2014)AGREEMENT ON AGRICULTURE (AoA)
One of the outcomes of the Uruguay Round
(1986-1994)
The Agreement provides the first effective multilateral framework for the long-term reform and liberalization of agricultural trade by establishes new rules & commitments in market access, domestic support and export competition.
Market Access
Market access for agriculture basically covers the tariffs and
tariff quotas negotiated during the Uruguay Round.
The Uruguay Round outcome restricted the expansion of trade-distorting measures and maintained or opened new access to markets for
agricultural products.
Domestic Support
Any domestic subsidy or other measure which acts to maintain producer prices at
level above those prevailing in international trade.
Export Competition
The practice of competing internationally in markets for
agricultural commodities through, for example, export subsidies, subsidized export
credits, state-trading enterprises, differential
pricing, abuse of food aid and non-transparent market
support systems.
Name : Ananda Raj al PunjawaleyDesignation : Administrative Assistant Job Description : Responsible for processing of
Certificates of Origin.Division : Trade and Industry support DivisionEmail : [email protected] Details : 03-62000398
MITI Weekly Bulletin | www.miti.gov.my
“DR
IVIN
G T
ransformation, P
OW
ERIN
G G
rowth”