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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


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



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 )



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



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)


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)


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)


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)


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)


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)




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)


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)


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)


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)


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)


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)


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)


Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia



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



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



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


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


US$

/mt

Crude Palm Oil



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


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


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


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


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


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


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


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


US$

/t

Coal



MITI Minister Official visit to the Office of Chief Minister of Sabah, 24 August 2018


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.


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)


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).




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


3 5-Dec MITI HQ


4 12-Dec MITI Sarawak




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



MalaysiaHappy

NATIONAL DAY

Ministry of International Trade and Industry


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