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  jata  Malaysia's Free Trade Agreements

 
FAQ
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Malaysia - European Free Trade Association Partnership

BACKGROUND

  • The European Free Trade Association (EFTA) countries consisting of Iceland, Liechtenstein, Norway and Switzerland are separate from and are non-members of the European Union.

  • A total of 8 rounds of negotiations have been held beginning from the First Round held in March 2014. Round Eight was hosted by Kuala Lumpur in May 2017.

SCOPE

15 Working Groups have been set up to cover the agreed areas of MEEPA:

  1. Trade in Goods – Non Agriculture Products
  2. Trade in Goods - Agriculture
  3. Trade in Services
  4. Investment
  5. Rules of Origin (ROO)
  6. Trade Facilitation
  7. Trade Remedies
  8. Sanitary and Phyto-Sanitary (SPS)
  9. Technical Barriers to Trade (TBT)
  10. Government Procurement (GP)
  11. Intellectual Property Rights (IPR)
  12. Competition
  13. Trade and Sustainable Development (Labour and Environment)
  14. Legal and Horizontal Issues, Dispute Settlement
  15. Cooperation and Capacity Building

STATUS OF NEGOTIATIONS

  • Negotiations between EFTA and Malaysia are still going on

BENEFITS

  • Bilateral trade value with EFTA states in 2016 was RM 11.31billion with Malaysia’s exports showing a growth of 36% to record RM3.12 billion. Exports to Switzerland contributed to 88% of the overall value.

  • These are healthy indicators that show potential complementary areas such as R&D in the manufacturing sector as well and services-related cooperation which would serve as a strategic base for source of foreign direct investment and transfer of knowledge and technology.

  • EFTA is one of Malaysia’s major sources of foreign investment. At present, there are more than 200 EFTA companies - mainly from Switzerland and Norway that have invested in the manufacturing sector in Malaysia. Major names include Nestle, Roche, Novartis, Swatch, DKSH, Aker Solutions, Jotun Paints, Oglaend Industries, Norpower, Eltek Power and Oceaneering Services (Malaysia).

  • Prominent MNCs and large EFTA corporations have chosen Malaysia to establish their regional and global operations. These include renowned MNCs such as Zurich Insurance, Credit Suisse Security, Ace Synergy Insurance, DNV GL, IKM Group, Wihelmsen Ships and Jordan Asia Pacific.

CONTACT US

Enquiries on MEEPA can be submitted to the Coordinator of MEEPA:

  1. Ms. Mardiana Mohd Yusof
    Ministry of International Trade and Industry
    MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah,
    50480 Kuala Lumpur
    Tel: 03-6200 0408
    Email: mardianamy@miti.gov.my
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