|Malaysia's Free Trade Agreements||
TRADE WITH INDIA
12th largest import sources
Areas covered under MICECA include:
Initial Provisions and General Definition
Trade in Goods
Rules of Origin
Sanitary and Phyto-sanitary Measures
Technical Barriers to Trade
Trade in Services
Movement of Natural Persons
TRADE IN GOODS
Under MICECA, both Malaysia and India will progressively reduce or eliminate tariffs on their respective industrial and agricultural products. Modality for tariff liberalisation for good under MICECA is AITIG plus, with fewer product being exempted from tariff concession (reduction or elimination) and shorter timeframe for reduction or elimination of tariff.
Key features of the tariff liberalisation package under MICECA are:
For Exclusion List (EL), India has excluded 1,225 products under MICECA compared with 1,298 under AITIG. Malaysia has excluded 838 products under MICECA, compared with 898 under AITIG.
Exporting to India
Importing from India
RULES OF ORIGIN
In order for your product to enjoy the preferential duties, it must fulfill the Rules of Origin (ROO) criteria under MICECA which are:
It must be wholly obtained from the country of origin; OR
It has undergone substantial transformation in term of change of tariff classification in the subheading at the six digit level of the HS (CTSH); AND
Qualifying Value Content of not less than 35% of the FOB value.
Interested parties can review the specific rules related to your product in the following links.
Sample of the Certificate of Origin (CO) Form - Form MICECA (Annex 3-3.1 Certificate of Origin)
India has committed to allow Malaysian foreign equity shareholding ranging from 49 to 100% in 84 services sub-sectors, including in professional services, healthcare, telecommunications, retail and environmental services. In return, Malaysia has made commitments to allow Indian foreign equity shareholding in 91 services sub-sectors.
MICECA also contains a dedicated chapter that facilitates the temporary entry of installers and servicers, contractual service suppliers, independent professionals and business visitors (including potential investors) from Malaysia into India, and vice versa.
For Preferential Certificate of Origin / Rules of Origin related matters, please contact:
For other enquiries, please contact the FTA focal point(s) as follows:
Ministry of International Trade and Industry
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