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Malaysia’s Free Trade Agreements (FTAs)
To date, Malaysia has signed and implemented a total of 16 FTAs (7 bilateral FTAs and 9 regional FTAs) as well as 2 partial scope preferential trade agreements. Notably, in 2022, Malaysia implemented two mega-FTAs namely Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Collectively, in 2022, trade with countries covered by both the regional and bilateral FTAs accounted for 67.3% of Malaysia’s total trade which was valued at RM1.916 trillion. Exports to FTA countries amounted to RM1.069 trillion, while imports totalled at RM847.06 billion, marking a surplus of RM221.94 billion.
Bilateral FTAs
|
FTA |
Date of Entry into Force (EIF) |
|
1. Malaysia-Japan Economic Partnership Agreement (MJEPA) |
13 July 2006 |
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2. Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA) |
1 January 2008 |
|
3. Malaysia-New Zealand Free Trade Agreement (MNZFTA) |
1 August 2010 |
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4. Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA) |
1 July 2011 |
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5. Malaysia-Chile Free Trade Agreement (MCFTA) |
25 February 2012 |
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6. Malaysia-Australia Free Trade Agreement (MAFTA) |
1 January 2013 |
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7. Malaysia-Turkey Free Trade Agreement (MTFTA) |
1 August 2015 |
Regional FTAs
|
FTA |
Date of Entry into Force (EIF) |
|
1. ASEAN Free Trade Area (AFTA) |
1993 |
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2. ASEAN-China Free Trade Agreement (ACFTA) |
1 July 2003 |
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3. ASEAN-Korea Free Trade Agreement (AKFTA) |
1 July 2006 |
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4. ASEAN-Japan Comprehensive Economic Partnership (AJCEP) |
1 February 2009 |
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5. ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) |
1 January 2010 |
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6. ASEAN-India Free Trade Agreement (AIFTA) |
1 January 2010 |
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7. ASEAN-Hong Kong Free Trade Agreement (AHKFTA) |
13 October 2019 |
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8. Regional Comprehensive Economic Partnership (RCEP) |
18 March 2022 |
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9. Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) |
29 November 2022 |
FTAs partial scope agreement
- The Framework Agreement on Trade Preferential System among the Member States of the Organisation of the Islamic Conference (TPS-OIC)- Entry into Force on 1 October 2023
- The D-8 Preferential Tariff Agreement (PTA) (D-8 PTA)- Entry into Force on 1 October 2023
Last Updated 2024-11-07 08:42:54 by Fauziah Osman
