malaysia, 10 other asia pacific nations ink trade deal weekly... · box articles source: central...

1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

“Despite the absence of the US, Malaysia still stands to gain from market access to countries like Canada, Peru and Mexico with whom we currently do not have preferential trading arrangement.”

MALAYSIA, 10 OTHER ASIA PACIFIC NATIONS INK TRADE DEAL

Source:https://www.thestar.com.my/business/business-news/2018/03/09/malaysia-10-other-asiapac-nations-ink-trade-deal/


MITI Weekly Bulletin | www.miti.gov.my

Source: Department of Statistics, Malaysia

MALAYSIA Labour Market, January 2018

Jan 2018 : 15.19 milDec 2017: 15.15 milJan 2017 : 14.88 mil

2.1%(Y-o-Y)

Labour Force

Jan 2018 : 14.67 milJan 2017 : 14.37 mil 2.1%Employed Persons

Labour ForceParticipation Rate (LFPR)

Jan 2018 : 68.2%Jan 2017 : 67.7% 0.5%

Jan 2018 : 0.52 milJan 2017: 0.51 mil 0.5%

0.1%Unemployed Persons

Unemployment Rate

Jan

2018

Jan

2017

3.4%3.5%

The number of labour force increased 0.3 per cent in January 2018 compared to the previous month.


MITI Weekly Bulletin | www.miti.gov.myMITI Weekly Bulletin | www.miti.gov.my

MITI Weekly Bulletin | www.miti.gov.myMITI Weekly Bulletin | www.miti.gov.my

Source: Central Bank of Malaysia

Key Highlights onEconomic Developments and Outlook


Key Highlights onBox Articles

Source: Central Bank of Malaysia


Côte d'IvoireUSD0.1 Bil

INDONESIAUSD11.1 Bil

GermanyUSD0.3 Bil

NetherlandsUSD0.9 Bil

MalaysiaUSD6.7 Bil

01 02 03 04 05

Malaysia as the Second Largest Exporter of Palm oil and its fractions, whether or not refined

(excluding chemically modified and crude)*, 2016

International Report

Note : * Refers to HS151190Source:http://www.trademap.org/Index.aspx

IndonesiaUSD11.05b

MalaysiaUSD6.73b

NetherlandsUSD0.94b

GermanyUSD0.34b

Côte d'IvoireUSD0.15b

Malaysia's Top Five Export Destinations

PRC Pakistan Philippines India Viet Nam

USD796.3Million

USD467.7Million

USD390.9Million

USD374.9Million

USD332.8Million




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

0

20

40

60

80

100

120

140

160

180

0

50

100

150

200

250

300

7 Ja

n

14 J

an

21 J

an

28 J

an

4 Fe

b

11 F

eb

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

No. o

f Cer

tific

ate

of O

rigin

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

5,000

10,000

15,000

20,000

25,0007

Jan

14 J

an

21 J

an

28 J

an

4 Fe

b

11 F

eb

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN Trade in Goods Agreement (ATIGA)


0

500

1,000

1,500

2,000

2,500

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

7 Ja

n

14 J

an

21 J

an

28 J

an

4 Fe

b

11 F

eb

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-China Free Trade Agreement (ACFTA)


0

200

400

600

800

1,000

1,200

0

500

1,000

1,500

2,000

2,500

7 Ja

n

14 J

an

21 J

an

28 J

an

4 Fe

b

11 F

eb

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-Korea Free Trade Agreement (AKFTA)


0

50

100

150

200

250

300

350

0

20

40

60

80

100

120

140

7 Ja

n

14 J

an

21 J

an

28 J

an

4 Fe

b

11 F

eb

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)


0

100

200

300

400

500

600

700

800

900

1,000

0

50

100

150

200

250

300

7 Ja

n

14 J

an

21 J

an

28 J

an

4 Fe

b

11 F

eb

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-India Free Trade Agreement (AIFTA)


0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

0

50

100

150

200

250

300

7 Ja

n

14 J

an

21 J

an

28 J

an

4 Fe

b

11 F

eb

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

No. o

f Cer

tific

ate

of O

rigin

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

3507

Jan

14 J

an

21 J

an

28 J

an

4 Fe

b

11 F

eb

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Japan Economic Partnership (MJEPA)


0

50

100

150

200

250

0

20

40

60

80

100

120

140

7 Ja

n

14 J

an

21 J

an

28 J

an

4 Fe

b

11 F

eb

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Pakistan Closer Economic Partnership (MPCEPA)


0

2

4

6

8

10

12

14

16

18

0.00

0.10

0.20

0.30

0.40

0.50

0.60

7 Ja

n

14 J

an

21 J

an

28 J

an

4 Fe

b

11 F

eb

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)


0

20

40

60

80

100

120

0

5

10

15

20

25

30

35

40

45

7 Ja

n

14 J

an

21 J

an

28 J

an

4 Fe

b

11 F

eb

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Chile Free Trade Agreement (MCFTA)


0

100

200

300

400

500

600

0

50

100

150

200

250

7 Ja

n

14 J

an

21 J

an

28 J

an

4 Fe

b

11 F

eb

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

No. o

f Cer

tific

ate

of O

rigin

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

7 Ja

n

14 J

an

21 J

an

28 J

an

4 Fe

b

11 F

eb

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Australia Free Trade Agreement (MAFTA)


0

50

100

150

200

250

300

350

400

0

50

100

150

200

250

300

350

7 Ja

n

14 J

an

21 J

an

28 J

an

4 Fe

b

11 F

eb

18 F

eb

25 F

eb

4 M

ar

11 M

ar

18 m

ar

25 M

ar

No. o

f Cer

tific

ate

of O

rigin

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 - March 2018

US Dollar

Chinese Yuan

Thai Baht

Japanese Yen

Singapore Dollar

New Taiwan Dollar

4.4596

3.9031

3.60

3.70

3.80

3.90

4.00

4.10

4.20

4.30

4.40

4.50

4.60

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar

2017 2018

RM

USD 1 = RM

0.64660.6468

0.6150

0.6176

0.59

0.60

0.61

0.62

0.63

0.64

0.65


2017 2018

RM

CNY 1 = RM

12.5766

12.8790

12.3963

12.4847

12.10

12.20

12.30

12.40

12.50

12.60

12.70

12.80

12.90

13.00


2017 2018

RM

THB 100 = RM

3.8818

4.0057

3.5615

3.6811

3.30

3.40

3.50

3.60

3.70

3.80

3.90

4.00

4.10


2017 2018

RM

JPY 100 = RM

3.1214

3.1583

2.9690

2.85

2.90

2.95

3.00

3.05

3.10

3.15

3.20


2017 2018

RM

SGD 1 = RM

14.0734

14.5092

13.3647

13.00

13.20

13.40

13.60

13.80

14.00

14.20

14.40

14.60


2017 2018

RM

TWD 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-

29 Mar 2018 : US$70.3, 0.3%*Average Pricei : 2017: US$55.0 2016: US$45.3

CRUDE PALM OIL-per MT-

29 Mar 2018 : US$677.0, 0.1%*Average Pricei : 2017: US$719.7 2016: US$702.2

RUBBER SMR 20-per MT-

29 Mar 2018 : US$1,384.5, 1.7%*Average Pricei : 2017: US$1,646.6 2016: US$1,394.5

COAL -per MT-29 Mar 2018 : US$60.8, 3.5%Average Pricei : 2017: US$57.2 2016: US$45.6

COCOA SMC 2-per MT-

29 Mar 2018 : US$1,718.2, 1.2%*Average Pricei : 2017: US$1,439.0 2016: US$1,609.8

SCRAP IRON HMS-per MT-

30 Mar 2018 : US$410.0 (high), unchanged US$395.0 (low), unchangedAverage Pricei : 2017: US$314.5 2016: US$243.2

HIGHEST and LOWEST 2017/2018

Highest 26 Jan 2018 : US$70.5 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 23 Feb 2018 : US$653.5

Crude Palm Oil -per MT-

Domestic Prices30 Mar 2018

Steel Bars(per MT)

RM2,600 – RM2,750

Billets(per MT)

RM2,200 – RM2,250

SUGAR -per lbs-29 Mar 2018 : US¢ 12.4, 1.8%*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.

687.5

678.0

666.0

671.0

656.5

675.6

653.5

673.5

691.5

673.5676.0 677.0

630

640

650

660

670

680

690

700

12Jan 19Jan 26Jan 2 Feb 9 Feb 15 Feb 23 Feb 3Mar 9Mar 16Mar 23Mar 29Mar

US$

/mt

Crude Palm Oil

1,334.8

1,384.51,367.7

1,401.6

1,371.11,386.6

1,536.3

1,532.2

1,673.3

1,720.21,699.5

1,719.2

1,200

1,300

1,400

1,500

1,600

1,700

1,800


US$

/mt

Cocoa

14.2

13.313.4

13.613.6

13.3

13.5 13.4

12.8

12.712.6

12.4

11.0

11.5

12.0

12.5

13.0

13.5

14.0

14.5


US¢

/lbs

Sugar

1,523.51,536.5

1,547.0

1,497.0

1,437.51,448.5

1,469.0

1,487.5

1,453.01,463.0

1,361.5

1,384.5

1,300

1,350

1,400

1,450

1,500

1,550

1,600


US$

/mt

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



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.

64.464.6 64.6

64.864.6

64.3 64.3

63.8 63.8

63.4

63.0

60.8

58.0

59.0

60.0

61.0

62.0

63.0

64.0

65.0

66.0


US$

/t

Coal

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

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

2,300

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

2017 2018

US$/

tonn

e

Aluminium5,

755 5,

941

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

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500


2017 2018

US$/

tonn

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

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000


2017 2018

US$/

tonn

e

Nickel

64.363.4

66.165.5

59.2

61.7

63.6

61.362.0 62.3

65.964.9

69.9

68.6

70.5

68.6

62.8

64.8

67.3

64.4

65.566.2

70.5 70.3

52

54

56

58

60

62

64

66

68

70

72


US$

/bbl

Crude Petroleum

CrudePetroleum(WTI)/bblCrudePetroleum(Brent)/bbl




Sources: Ministry of International Trade and Industry Malaysia, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.

940.0

1,014.01,020.0

1,000.0

972.0

1,008.0

994.0

971.0

952.0 954.0960.0

939.0

880.0

900.0

920.0

940.0

960.0

980.0

1,000.0

1,020.0

1,040.0


US$

/oz

Platinum

420.0 420.0

400.0

390.0 390.0 390.0 390.0

395.0

410.0 410.0 410.0 410.0

400.0 400.0

380.0

370.0 370.0 370.0 370.0

385.0

400.0

395.0 395.0 395.0

340

350

360

370

380

390

400

410

420

430


US$

/mt

Scrap Iron

ScrapIron/MT(High)ScrapIron/MT(Low)

80.41

89.44

87.65

70.22

62.43

57.48

67.74

76.07

71.53

61.66 64.24

72.25 76

.34

77.46

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0


2017 2018

US$

/dm

tu

Iron Ore

17.117.1

17.4

17.0

16.4

16.8

16.616.6

16.516.5

16.7

16.3

15.6

15.8

16.0

16.2

16.4

16.6

16.8

17.0

17.2

17.4

17.6


US$

/oz

Silver

42.7

42.9

43.5

42.8

42.3

43.5

42.7

42.5 42.5

42.1

43.3

42.6

41.0

41.5

42.0

42.5

43.0

43.5

44.0


US$

/oz

Gold



InvestKL Annual Networking Malaysia International Trade And Exhibition Centre(Mitec)

29 March 2018




MITI PROGRAMMEMITI PROGRAMMESMITI Minister at SMK Ayer Lanas, Jeli Kelantan2 April 2018


MITI Minister (II) at the Launching Ceremony of the e-Commerce Micro Credit Scheme

Wisma HUAZONG,Seri Kembangan, Selangor.1 April 2018



MITI Deputy Minister (Industry) at Program Transformasi Jawatankuasa Perwakilan Penduduk (JPP) Majlis Daerah Pontian

1 April 2018



MITI Deputy Minister (Trade) at Program Jalan Kaki Kesihatan 10,000 Langkahwith Warga Felda Tenang, Labis Johor

1 April 2018



NAT

IONAL

BLU

E O

CEA

N S

TRAT

EGY

MALAYSIA’S NATIONALBLUE OCEAN SHIFT (NBOS)

Malaysia is making a blue ocean shift in its national development as it strives to become an advanced nation by 2020. To achieve this, the government has adopted blue ocean shift process.

Major ideas of Blue Ocean Strategy:• focuses on differentiation & low cost to open up new market space;• creates new demands by converting non-customers into customers; and• offers process and visual tools that are systematic and replicable to ensure designing and implementation of strategies which are much more effective.

National Blue Ocean Shift (NBOS) is formulated and executed through the NBOS Summit, a unique and dynamic national strategy platform which brings together ministries, agencies, all levels of government and the private sector on a voluntary basis. The Summit, which was launched in 2009, breaks down bureaucratic silos through fair process, and is driven by the creation of new ideas.

To date, 117 NBOS initiatives have been successfully implemented to tackle a wide range of economic and social issues.

The implementation of NBOS work culture will lead to new, creative & innovative ideas. It emphasizes collaboration among government agencies, the private sector and NGO's with the objective of delivering services and projects that are of high impact, low cost with rapid execution & on a sustainable basis.

The design and selection of NBOS initiatives are based on two key principles:• delivering high income through economic growth and integrated development; and• enhancing the level of public well-being through greater security as well as social inclusion to close the social distance between various groups in society (for example, rural vs. urban, young vs. old, men vs women, etc..)

The government used blue ocean tools and frameworks in the Eleventh Malaysia Plan to formulate high-impact, low-cost national strategies that can be rapidly executed.

Source: Reprinted from https://www.blueoceanstrategy.com/malaysia-nbos/ and http://www.nbos.gov.my/posts/national-blue-ocean-strategy-(nbos)



Source: http://www.miti.gov.my/index.php/glossary

of Technical TermsDFQFDuty Free Quota Free - Special treatment accorded to LDCs where by developed countries will allow DFQF access for products from LDCs.

Digital MarketingMarketing of products or services using digital channels to reach consumers. Digital marketing extends beyond internet marketing to include channels that do not require the use of the internet.

Doha Development Agenda (DDA/Doha Development Round)The Doha Round or the Doha Development Agenda is the latest round of trade negotiations among WTO membership. The work program covers about 20 areas and a basic objective to improve the trading prospects of developing countries. Key areas under negotiations are agriculture, industrial tariffs and non-tariff barriers, services, and trade remedies (safeguards, anti-dumping, subsidies). The DDA was launched in November 2001 at the 4th WTO Ministerial Conference in Doha, Qatar. However, negotiations have broken down and a conclusion of elements of the Doha Round is unlikely in the near future.

Domestic RegulationsUnpacking GATS Article VI.4 on domestic regulation exposes possibly the single most controversial item on the current negotiating agenda, and also one of the greatest threats that GATS poses to democracy. Concern is all the greater because it is not clear whether rules developed in the current negotiations on Article VI.4 will apply to all service sectors or only those where specific commitments have been made. Complex judgement decides the appropriateness of domestic regulations in the services sector, ensuring a balance between public interest and commercial considerations. This judgement must not be allowed to pass from elected governments to WTO disputes panels.

Domestic Support (Subsidies)In WTO terminology, subsidies in general are identified by “boxes” which are given the colours of traffic lights: green (permitted), amber (slow down — i.e. to be reduced), red (forbidden).

In agriculture, domestic support refers to domestic subsidy or other measure which acts to maintain producer’s price at levels above those prevailing in international trade. Examples include direct payments to producers, input and marketing cost reductions measures.

Door-to-DoorContract of carriage that includes pre-carriage, main-carriage and on-carriage by the same carrier:• Door-to- (Air) Port: Contract of carriage including pre-carriage and main-carriage to airport or ocean port or truck

terminal port or rail port• (Air) Porr-to- (Air) Port: Contract of carriage for main carriage only• (Air) Port-to-Door:Contract of carriage including main carriage and on-carriage

Duty Drawback FacilityRebate of import duties when the imported good is re-exported or used as input to the production of an exported good.

E-commerceElectronic business transactions, commerce or internet trade. May be conducted between companies (B2B) or between companies and customers (B2C) that are wholly or partially conducted over the internet or similar public or private computer networks.

e-FulfillmentThe process of receiving, packaging and shipping orders for goods.



Announcement

Withholding Tax

For more information on Withholding Tax, please visit LHDN’s website via this link: http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=6&bt_posi=1&bt_unit=5&bt_sequ=1&bt_lgv=2

Industry 4.0

For more information on Industry 4.0, please visit MITI’s website via this link: http://www.miti.gov.my/index.php/pages/view/industry4.0?mid=559

Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

For more information on Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)please visit MITI’s website via this link: http://fta.miti.gov.my/index.php/pages/view/71?mid=40


MICRO CREDIT FOR e-COMMERCE

• Provide loan to young chinese who are interested to venture into e-commerce

• Provide loan for start-up capital in related to e-commerce• Provide e-commerce training consultation• Can apply loan on the spot

For more information, please visit http://chinesewomenfoundation.org/e-commerce-micro-credit/

03-56300608Organised by:

Malaysian Chinese Women Entrepreneurs Foundation

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