1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MaleFemale
195663.1 years66.0 years
201872.7 years77.6 years
HAPPYNational Day!
Population
Life expectancy at birth
TotalPopulation
MaleFemale
19576.3 mil3.3 mil3.0 mil
201832.4 mil16.7 mil15.7 milMalaysia's Economic
Malaysia's Economic Evolution
1957RM5,126 million
1970 2017
2017RM1,353,380
million
Gross Domestic Product
1957RM816
2017RM42,227
Gross Per
Capita
CAGR*6.8%
Facts and Figures
Services
Manufacturing
Mining & Quarrying
Agriculture
Construction
42.6% 54.5%
23.0%
8.4%
8.2%
4.6%
6.9%
14.6%
28.8%
3.7%Source : Department of Statistics, Malaysia
Note : * refers to compound annual growth rate
2MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
Total Trade
Trade
Major Trading Partners
1957RM2.5 billion
2017RM1,773.5 billion
Exports1957
RM1.4 billion2017
RM935.4 billion
Imports1957
RM1.1 billion2017
RM838.1 billion
1957
2017
Exports
UKRM300.9 mil.
USARM283.0 mil.
ThailandRM44.8 mil.
Imports
UKRM328.0 mil.
USARM26.7 mil.
ThailandRM203.3 mil.
Exports
SingaporeRM135,590.0 mil.
PRCRM126,150.5 mil.
USARM88,693.0 mil.
Imports
SingaporeRM92,723.9 mil.
PRCRM164,495.4 mil.
USARM69,320.9mil.
Source : Department of Statistics, Malaysia
MITI Weekly Bulletin | www.miti.gov.my
3MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Mal
aysi
a St
atis
tics
The Consumer Price Index (CPI) rose 0.9 percent in July 2018 compared with the same month last year
Food & Non-Alcoholic Beverages
Alcoholic Beverages &
TobaccoClothing & Footwear
Housing, Water, Electricity, Gas &
Other Fuels
Furnishings, Household Equipment & Routine
Household MaintenanceHealth
Transport
+0.7% -0.8%
-1.7%
-3.0%
0.0%
Communication Recreation Services & Culture
Education Restaurants & Hotels
Miscellaneous Goods & Services
Inflation Rate for Main Groups, July 2018 / July 2017
+2.0%
+6.7%
+1.0%
-3.9%
+1.0%
-2.4%
-3.0%
July 2018
119.8
July 2017
118.7
Index Numbers
Source : Department of Statistics, Malaysia
CONSUMER PRICE INDEX ( 2010 = 100 )
4MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Malaysia was ranked as number one exporter of Glycerol* i n 2 0 1 7
Inte
rnat
iona
l St
atis
tics
MALAYSIA GERMANY INDONESIA
NETHERLANDS ARGENTINA
US$271.4m23.4%
US$199.3m17.2%
US$195.6m16.8%
US$133.4m11.5%
US$56.3m4.8%
Note : * Refers to HS 290545 Source: http://www.trademap.org/Index.aspx
PRCuSA
JAPAN
ROk
IRAN
US$61.2m22.5%US$50.1m
18.5%
US$27.1m10.0%
US$12.3m4.5%
US$9.9m3.6%
Malaysia’s Top Five Export Destinations For Glycerol* in 2017 Note : % Share in World’s export
Note:% Share in Malaysia’s export
5MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
0
20
40
60
80
100
120
140
160
180
0
5
10
15
20
25
30
35
3 Ju
n
10 J
un
17 J
un
24 J
un
1 Ju
l
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Generalised System of Preferences (GSP)
Total FOB (RM mil.) Total CO
Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.
Number and Value of Preferential Certificates of Origin (PCOs)
0
1,000
2,000
3,000
4,000
5,000
6,000
0
500
1,000
1,500
2,000
2,5003
Jun
10 J
un
17 J
un
24 J
un
1 Ju
l
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN Trade in Goods Agreement (ATIGA)
Total FOB (RM mil.) Total CO
0
500
1,000
1,500
2,000
2,500
3,000
0
1,000
2,000
3,000
4,000
5,000
6,000
3 Ju
n
10 J
un
17 J
un
24 J
un
1 Ju
l
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-China Free Trade Agreement (ACFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
1,400
0
500
1,000
1,500
2,000
2,500
3 Ju
n
10 J
un
17 J
un
24 J
un
1 Ju
l
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Korea Free Trade Agreement (AKFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
0
20
40
60
80
100
120
140
160
3 Ju
n
10 J
un
17 J
un
24 J
un
1 Ju
l
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
700
800
900
0
50
100
150
200
250
300
350
400
3 Ju
n
10 J
un
17 J
un
24 J
un
1 Ju
l
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-India Free Trade Agreement (AIFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
1,400
1,600
0
20
40
60
80
100
120
140
160
3 Ju
n
10 J
un
17 J
un
24 J
un
1 Ju
l
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
Total FOB (RM mil.) Total CO
6MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Number and Value of Preferential Certificates of Origin (PCOs)
0
200
400
600
800
1,000
1,200
0
50
100
150
200
250
300
350
400
3 Ju
n
10 J
un
17 J
un
24 J
un
1 Ju
l
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Japan Economic Partnership (MJEPA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
0
50
100
150
200
250
3 Ju
n
10 J
un
17 J
un
24 J
un
1 Ju
l
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Pakistan Closer Economic Partnership (MPCEPA)
Total FOB (RM mil.) Total CO
0
2
4
6
8
10
12
14
0.00
0.10
0.20
0.30
0.40
0.50
0.60
3 Ju
n
10 J
un
17 J
un
24 J
un
1 Ju
l
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
0
10
20
30
40
50
60
70
80
90
100
0
5
10
15
20
25
3 Ju
n
10 J
un
17 J
un
24 J
un
1 Ju
l
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Chile Free Trade Agreement (MCFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
400
450
500
0
10
20
30
40
50
60
70
80
3 Ju
n
10 J
un
17 J
un
24 J
un
1 Ju
l
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
0
10
20
30
40
50
60
70
3 Ju
n
10 J
un
17 J
un
24 J
un
1 Ju
l
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Australia Free Trade Agreement (MAFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
0
50
100
150
200
250
300
350
400
3 Ju
n
10 J
un
17 J
un
24 J
un
1 Ju
l
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
7MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Source : Bank Negara, Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries,January 2017 - July 2018
US Dollar
Canadian Dollar
New Zealand Dollar
Swiss Franc
Saudi Riyal
Myanmar Kyat
4.4596
3.8862
4.0493
3.50
3.60
3.70
3.80
3.90
4.00
4.10
4.20
4.30
4.40
4.50
4.60
Jan
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
2017 2018
RM
USD 1 = RM
3.3755
3.4288
3.0211
3.0814
2.80
2.90
3.00
3.10
3.20
3.30
3.40
3.50
Jan
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
2017 2018
RM
CAD 1 = RM
3.1735
3.2126
2.7498
2.50
2.60
2.70
2.80
2.90
3.00
3.10
3.20
3.30
Jan
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
2017 2018
RM
NZD 1 = RM
4.42094.4697
3.9775
4.0718
3.70
3.80
3.90
4.00
4.10
4.20
4.30
4.40
4.50
4.60
Jan
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
2017 2018RM
CHF 1 = RM
118.9006
103.6265
107.9706
95.0
100.0
105.0
110.0
115.0
120.0
125.0
Jan
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
2017 2018
RM
SAR 100 = RM
0.3296
0.2843
0.260
0.270
0.280
0.290
0.300
0.310
0.320
0.330
0.340
Jan
Feb
Ma
r
Apr
Ma
y
Jun Jul
Aug Se
p
Oct
Nov
Dec Ja
n
Feb
Ma
r
Apr
Ma
y
Jun Jul
2017 2018
RM
MMK 100 = RM
8MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, and Bloomberg.
Commodity Prices
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
CRUDE PETROLEUM (BRENT)-per bbl-
24 Aug 2018 : US$75.8, 4.3%*Average Pricei : 2017: US$55.0 2016: US$45.3
CRUDE PALM OIL-per MT-
24 Aug 2018 : US$545.0, 4.2%*Average Pricei : 2017: US$719.7 2016: US$702.2
RUBBER SMR 20-per MT-
24 Aug 2018 : US$1,373.5, 2.5%*Average Pricei : 2017: US$1,646.6 2016: US$1,394.5
COAL -per MT-17 Aug 2018 : US$66.7, 1.9%*Average Pricei : 2017: US$57.2 2016: US$45.6
COCOA SMC 2-per MT-
24 Aug 2018 : US$1,423.5, 9.2%*Average Pricei : 2017: US$1,439.0 2016: US$1,609.8
SCRAP IRON HMS-per MT-
24 Aug 2018 :US$380.0(high), unchanged* US$360.0 low), unchanged* Average Pricei : 2017: US$314.5 2016: US$243.2
HIGHEST and LOWEST 2017/2018
Highest 29 June 2018 : US$79.4 29 Dec 2017 : US$66.9
Lowest
9 Feb 2018 : US$62.8
23 June 2017 : US$45.5
Crude Petroleum
(Brent)-per bbl-
Highest 9 Mar 2018 : US$691.5 20 Jan 2017 : US$843.0
Lowest
30 June 2017 : US$650.0 24 Aug 2018 : US$545.0
Crude Palm Oil -per MT-
Domestic Prices17 Aug 2018
Steel Bars(per MT)
RM2,400– RM2,550
Billets(per MT)
RM2,250– RM2,330
SUGAR -per lbs-24 Aug 2018 :US¢10.2, 0.5%*Average Pricei : 2017: US¢15.8 2016: US¢18.2
9MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
1,506.4
1,553.3
1,607.1
1,646.7
1,612.51,633.7
1,463.5
1,489.2
1,408.5
1,311.4 1,303.6
1,423.5
1,200
1,250
1,300
1,350
1,400
1,450
1,500
1,550
1,600
1,650
1,700
8 June 14 June22 June29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug
US$
/mt
Cocoa
12.5
12.312.4
12.3
11.5
11.0
11.1
10.9 10.9
10.5
10.2 10.210.0
10.5
11.0
11.5
12.0
12.5
13.0
8 June 15 June 22 June 29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug
US¢
/lbs
Sugar
1,424.0
1,371.5
1,352.0 1,354.5
1,316.0 1,314.5
1,342.5
1,332.5
1,316.5
1,349.01,339.5
1,373.5
1,240
1,260
1,280
1,300
1,320
1,340
1,360
1,380
1,400
1,420
1,440
8 June 14 June22 June29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 AugU
S$/m
t
Rubber SMR 20
6,90
0 7,08
8
7,11
3 7,28
1
6,91
7
6,85
1
6,73
0
6,33
7
6,08
5
5,96
5
4,51
6
3,98
4
4,36
6 4,60
5
4,17
0 4,47
4
4,46
3
3,97
4
2,95
0
3,47
6
4,11
4
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2016 2017
USD
/ to
nne
Black Pepper
65.765.1
68.6
74.2 73.8
71.0 70.5
68.7 68.567.6
65.9
68.7
76.5
73.4
75.6
79.4
77.1
75.3
73.174.3
73.2 72.871.8
75.8
50
55
60
65
70
75
80
85
8 June 15 June 22 June 29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug
US$
/bbl
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl
662.0657.0
635.5
609.5 610.5
602.0605.0
587.5
572.5 570.5 569.0
545.0
530
550
570
590
610
630
650
670
8 June 14 June 22 June 29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug
US$
/mt
Crude Palm Oil
10MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
16.8
16.316.4
16.1 16.1
15.8
15.5 15.5 15.515.3
14.6
13.5
14.0
14.5
15.0
15.5
16.0
16.5
17.0
8 June 15 June 22 June 29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug
US$
/oz
Silver
41.7 41.9
40.7
40.2 40.4 40.1
39.2 39.5
39.1 39.0
38.0
35.0
36.0
37.0
38.0
39.0
40.0
41.0
42.0
43.0
8 June 15 June 22 June 29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug
US$
/oz
Gold
Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
1,79
1 1,86
1
1,90
1
1,92
1
1,91
3
1,88
5
1,90
3
2,03
0 2,09
6
2,13
1
2,09
7
2,08
0
2,21
0
2,18
2
2,06
9
2,25
5 2,30
0
1,400
1,500
1,600
1,700
1,800
1,900
2,000
2,100
2,200
2,300
2,400
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2017 2018
US$
/ to
nn
e
Aluminium
5,75
5 5,94
1
5,82
5
5,68
4
5,60
0
5,72
0
5,98
5
6,48
6
6,57
7 6,80
8
6,82
7
6,83
4 7,06
6
7,00
7
6,79
9
6,85
2
6,82
5
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2017 2018
US$
/ to
nn
e
Copper
9,97
1 10,6
43
10,2
05
9,60
9
9,15
5
8,93
2 9,49
1
10,8
90
11,2
16
11,3
36 11
,972
11,4
95
12,8
65 13
,596
13,3
93
13,9
38
14,3
66
7,000
8,000
9,000
10,000
11,000
12,000
13,000
14,000
15,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2017 2018
US$
/ to
nn
e
Nickel
Commodity Price Trends
80
.41
89
.44
87
.65
70
.22
62
.43
57
.48
67
.74
76
.07
71
.53
61
.66
64
.24
72
.25 7
6.3
4
77
.46
70
.35
65
.75
66
.10
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2017 2018
US$
/dm
tu
Iron Ore
904.0
869.0 870.0
854.0 848.6
830.3 829.5 831.7836.9
829.6
777.3
700.0
720.0
740.0
760.0
780.0
800.0
820.0
840.0
860.0
880.0
900.0
920.0
8 June 15 June 22 June 29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug
US$
/oz
Platinum
370.0 370.0
390.0 390.0 390.0 390.0 390.0
380.0 380.0 380.0 380.0 380.0
350.0 350.0
375.0 375.0 375.0 375.0 375.0
360.0 360.0 360.0 360.0 360.0
300
310
320
330
340
350
360
370
380
390
400
8 June 15 June 22 June 29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug
US$
/mt
Scrap Iron
Scrap Iron/MT (High) Scrap Iron/MT(Low)
61.0 61.0 61.0
62.3
63.8
64.4 64.6
65.2 65.2 65.3 65.4
66.7
57.0
58.0
59.0
60.0
61.0
62.0
63.0
64.0
65.0
66.0
67.0
68.0
8 June 15 June 22 June 29 June 6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug
US$
/t
Coal
11MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
MITI Minister Official visit to the Office of Chief Minister of Sabah, 24 August 2018
12MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
Y.B. Darell Leiking, Minister of International Trade and Industry will lead the Malaysian delegation to the 50th ASEAN Economic Ministers’ (AEM) Meeting and Related Meetings from 28 August – 1 September 2018 in Singapore. In conjunction with the AEM, Y.B. Darell will also undertake a working visit to Singapore as part of MITI’s continuous efforts to further strengthen trade and investment ties between Malaysia and Singapore.
During the working visit, a line-up of programmes will be conducted, including a series of discussion and networking session with economists, potential investors, local and foreign business chambers, Malaysian diaspora and companies. Such engagements are important to ensure Malaysia-Singapore economic relations continue to be intensified through exchange of views and information on the current economic landscape and business opportunities. Y.B. Darell will also be visiting the Agency for Science, Technology and Research (A*STAR) to gain insight on the ongoing initiatives undertaken in the area of advanced manufacturing. At the 50th AEM Meeting, a vast range of areas related to the broadening and deepening of economic integration within the region and engagements with Dialogue Partners will be the main topics of deliberations. Among the key topics to be deliberated include priority deliverables for the Singapore ASEAN Chairmanship 2018, implementation of the ASEAN Economic Community (AEC) Blueprint 2025 measures, addressing challenges on trade facilitation measures, Non-Tariff Barriers (NTBs) and progress in integration of other economic sectors. The ASEAN Economic Ministers are also scheduled to sign the 10th ASEAN Framework Agreement of Services (AFAS) Protocol and the 1st Protocol to Amend the ASEAN Trade in Goods Agreement (ATIGA).
During the consultations with Dialogue Partners, the Ministers are expected to evaluate the progress in implementation of the various Free Trade Agreements (FTAs)
and economic cooperation programmes. The Ministers will also deliberate on accelerating the pace of negotiations of the Regional Comprehensive Economic Partnership (RCEP), with the view to bringing RCEP closer to a substantial conclusion. Apart from these meetings, Y.B. Darell will be meeting his counterparts from ASEAN and Dialogue Partners such as Australia, Canada, India, Japan, New Zealand, and the United States on a bilateral setting, as well as representatives from the ASEAN Business Advisory Council (ASEAN-BAC), US-ASEAN Business Council (USABC) and East Asia Business Council (EABC).
AEC remains a fundamental platform towards creating a deeply integrated and highly cohesive regional economy as well as a competitive, innovative and dynamic community. Malaysia will continue to play an active role in driving the regional economic integration under the AEC Blueprint 2025, especially in championing the efforts to enhance trade facilitation and resolve the long-standing issues of NTBs. Malaysia has been benefiting from the various economic integration initiatives implemented under the AEC especially in terms of trade, investment and employment opportunities. Generally, ASEAN economic integration has provided the opportunities for Malaysian companies to expand their business to other ASEAN countries, not only as a major key export and import market but also an important destination for Malaysia’s outward investments.
With more than 640 million population, ASEAN remains a key trading partner for Malaysia, taking up 27.5% of Malaysia’s external trade in 2017. Trade with ASEAN amounted to RM487.42 billion, an increase of 21% from 2016. Foreign Direct Investment (FDI) inflows from ASEAN to Malaysia totalled at US$2.17 billion, also increased by 3.2% from 2016.
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WORKING VISIT TO SINGAPORE & 50th ASEAN ECONOMIC MINISTERS’ MEETINGAND RELATED MEETINGS
27 AUGUST – 1 SEPTEMBER 2018, SINGAPORE
Source : Ministry of International Trade and Industry (MITI)
13MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
Source: http://www.miti.gov.my/index.php/glossary
of Technical TermsPreferential TariffTariff set at certain percentage between two countries which is more favourable with other countries.
Producer Price IndexMeasures the changes in the price of commodities charged by domestic producers and those paid by importers for importing goods into Malaysia. The commodities originated from (i) Agriculture , Forestry and Logging & Fishing (ii) Mining & Quarrying (iii) Manufacturing and (iv) Water, Gas & Electricity Sectors.
Professional servicesOccupations in the tertiary sector of the economy requiring special training in the arts or sciences. Some professional services require holding professional licenses such as architects, auditors, engineers, doctors, accountants and lawyers.
PSRProduct Specific Rules - Rules used to specify that the materials have undergone change in tariff classification or a specific manufacturing process.
QRsQuantitative restrictions - specific limits on the quantity or value of goods that can be imported (or exported) during a specific time period.
QVCQualifying Value Content
RCEPRegional Comprehensive Economic Partnership (ASEAN+6)
Regional Economic IntegrationRefers to agreements between countries in a geographic region to reduce, and ultimately remove, tariffs and non-tariff barriers to facilitate the free flow of goods and services between one another. In 2009 APEC Senior Officials agreed on a threefold comprehensive approach to accelerating regional economic integration – liberalizing trade and investment flows “at the border”, improving the business environment “behind the border”, and enhancing physical connectivity “across the border”.
Regional Trade AgreementsA preferential trade agreement or free trade agreement, signed between countries in the same region (often located near to each other)
RegionalismRefers to the expression of a common sense of identity and purpose combined with the creation and implementation of institutions that express a particular identity and shape collective action within a geographical region. Regionalism is a theory and action implemented by governments for trade liberalization or facilitation in a region, or carried out through free trade areas or customs unions (WTO definition).
RemanufacturingThe process of transforming a used product to as good as new condition by rebuilding its component parts back to its functionality performance specifications and also by replacing unbuildable parts with brand new components and carries an acceptable warranty period as to a brand new (similar) product manufactured by the Original Equipment Manufacturers (OEMs).
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14MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
AnnouncementsTentative Schedule for MITI
Pocket Talks 2018No. Date Venue Topic
1 17-Oct MITI HQ
Introduction to FTA & Preferential Certificate of Origin (PCO)
2 14-Nov MITI Sabah
Introduction to FTA & Preferential Certificate of Origin (PCO)
3 5-Dec MITI HQ
Introduction to FTA & Preferential Certificate of Origin (PCO)
4 12-Dec MITI Sarawak
Introduction to FTA & Preferential Certificate of Origin (PCO)
15MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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Announcements
For more information, kindly click the following links:http://www.miti.gov.my/miti/resources/Approve%20Permit/AP%20Announcement/Lampiran_GP_Classic_and_
For more information, kindly click the following links:http://www.miti.gov.my/index.php/pages/view/4761Vintage_English.pdf
Issuance of APEC Business Travel Card is temporarily suspended
Immigration Department of Malaysia has issued a notice that due to unavoidable circumstances, the issuance of APEC Business Travel Card is temporarily suspended and ABTC card will not be printed for approved applicants until further notice.
Kindly refer: http://www.imi.gov.my/index.php/en/resources-and-archives/announcement/1784-notice-of-apec-card-production-suspended-time.html
16MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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MalaysiaHappy
NATIONAL DAY
Ministry of International Trade and Industry
17MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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