ISDS Case Map
Malaysia
Malaysia's new trade minister said on Thursday there was no rush to sign a free-trade deal which the United States hopes could be struck before President George W. Bush leaves office this year.
With Malaysia and Bangladesh both forecasting sharp increases in their pharmaceutical exports, business groups are calling for the establishment of a Free Trade Agreement (FTA) between the two nations.
Head of World Trade Organisation (WTO) Cell, Trade Development Authority of Pakistan (TDAP), Mujeeb Ahmed Khan has said that with the help of Free Trade Agreements (FTA), exports to China are expected to reach US$4.5 billion by 2012 and to Malaysia $1.8bn by 2015.
As trade negotiations between India and Malaysia on a Comprehensive Economic Co-operation Agreement (CECA) progress, Indian Institute of Foreign Trade (IIFT) has identified several products which have high export potential to Malaysia. The list includes auto components and parts, iron and steel and related products, textiles, electrical and mechanical machinery and their spares.
The United States is looking forward to tie-up the Free Trade Agreement with Malaysia now that a new government has been formed after the 12th general election.
Malaysia and India have agreed to try to finalise a free-trade agreement by March 2009, Indian officials said Wednesday after the first round of talks.
Negotiations on a free trade agreement between Malaysia and the United States have hit a sticky patch. There are 58 issues still unresolved and no fixed date scheduled for the sixth round of talks.
Malaysian and US trade officials are working towards concluding a strong US-Malaysia free trade agreement by this summer ahead of the US election on Nov 4.
Formal negotiations between Malaysia and the US are said to be scheduled to resume during the week of January 14 in Kuala Lumpur, according to Barbara Weisel, the US chief negotiator, adding that the US hopes to reach an agreement by the middle of the year.
Pakistan and Malaysia are set to enter into a free trade arrangement (FTA) from New Year today under Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA) 2008-2014.
