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  jata  Malaysia's Free Trade Agreements

 
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Benefits

Background

Malaysia’s trade policy is to work towards creating a more liberalised and fair global trading environment. While Malaysia continues to accord high priority to the rule-based multilateral trading system under the World Trade Organisation (WTO), Malaysia is also pursuing regional and bilateral trading arrangements to complement the multilateral approach to trade liberalisation.

Through FTAs, Malaysia seeks to provide opportunities for Malaysian businesses to expand overseas, enhance the competitiveness of Malaysian exporters. It also will improve the market access for Malaysian goods through preferential tariffs and other trade facilitation measures and benefiting consumers arising from increased competition as consumers have more choice with competitive pricing. It also help Malaysia create market access opportunities for Malaysian service suppliers through liberalisation and facilitation measures and enhancing Malaysia’s attractiveness as an investment destination and production hub to serve the regional and global markets.

FTAs Currently In Force

Thus far, Malaysia has implemented 7 bilateral FTAs and 6 regional FTAs.

Collectively, trade with the countries covered by both the regional and bilateral FTAs stood at RM927.66 billion with exports of RM492.41 billion while imports totaled RM435.25 billion. FTA partner countries contributed 63.1% of Malaysia’s total exports in 2015.

In 2015, Malaysia’s main exports to FTA partners were E&E products, petroleum products, LNG, chemicals and chemical products, crude petroleum, manufactures of metal, palm oil and palm-based products, machinery, appliances and parts, optical scientific and equipment as well as processed food.

Through various FTAs, Malaysia recorded increases in exports for markets in China, Turkey, Chile, Pakistan, Thailand, Vietnam, the Philippines, Myanmar and Cambodia.

Bilateral FTAs

FTA

Date of Entry into Force (EIF)

1. Malaysia-Japan Economic Partnership Agreement (MJEPA)

13 July 2006

2. Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)

1 January 2008

3. Malaysia-New Zealand Free Trade Agreement (MNZFTA)

1 August 2010

4. Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)

1 July 2011

5. Malaysia-Chile Free Trade Agreement (MCFTA)

25 February 2012

6. Malaysia-Australia Free Trade Agreement (MAFTA)

1 January 2013

7. Malaysia-Turkey Free Trade Agreement (MTFTA)

1 August 2015

 

Regional FTAs

FTA

Date of Entry into Force (EIF)

1. ASEAN-China Free Trade Agreement (ACFTA)

1 July 2003

2. ASEAN-Korea Free Trade Agreement (AKFTA)

1 July 2006

3. ASEAN-Japan Comprehensive Economic Partnership (AJCEP)

1 February 2009

4. ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)

1 January 2010

5. ASEAN-India Free Trade Agreement (AIFTA)

1 January 2010

6. ASEAN Trade In Goods Agreement (ATIGA)

17 May 2010

 

FTAs Currently Negotiated

Malaysia is currently undertaking three FTA negotiations namely:

  1. Malaysia-European Free Trade Area Economic Partnership Agreement (MEEPA)
  2. Regional Comprehensive Economic Partnership (RCEP)
  3. ASEAN-HK Free Trade Agreement (AHKFTA)

 

Free Trade Agreement Signed but Pending Ratification and Entry into Force

  1. Trans-Pacific Partnership Agreement (TPPA)


Last Updated 2017-01-25 15:01:53 by Azuna Hasbullah atau Abd Rahman

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