The Malaysian Textile Manufacturers Association (MTMA) is optimistic on the International Trade and Industry Ministry's effort to launch a free trade agreement (FTA) with the United States (US).
Several US-based food producing/processing companies have identified Malaysia a key market in Asia and are considering setting up a physical presence here, said agriculture counsellor of the United States Embassy, Malaysia and Singapore, Jonathan Gressel.
After breaking the ice by launching the preferential trade agreement among Developing Eight (D-8) countries, Indonesian Trade Minister Mari E. Pangestu envisions that the agreement would lead to a free trade arrangement for member countries in less than 15 years.
Rice, the staple food for much of Asia, will doubtless be a tough issue in negotiations on a US-South Korea free-trade agreement (FTA) and could be an issue in US-Malaysia FTA talks, US experts say.
Malaysia's International Trade and Industry Minister Datuk Seri Rafidah Aziz cited the financial sector as one area that Malaysia cannot open up at a faster pace. She noted that it was the US -- not Malaysia -- which made the approach on the FTA.
The Malaysian Government is taking a strong stand on the protection of intellectual property rights (IPR), says International Trade and Industry Minister Datuk Seri Rafidah Aziz.
Bilateral and regional trade and investment liberalisation measures undertaken in the context of Asean complement the opportunities offered by Malaysia's growing economy, thus providing an ideal base for companies to penetrate the Asean market, International Trade and Industry Minister Datuk Seri Rafidah Aziz said Thursday.
Opening up trade in autos poses a major challenge in free-trade agreement (FTA) negotiations with South Korea and Malaysia, experts in the United States say.
The Diet cleared a free-trade agreement with Malaysia on Wednesday, bringing the pact one step closer to coming into force. To complete the ratification process, the Diet still needs to pass related bills concerning rules on product origin and tariff rates. In Malaysia, ratification does not require legislative measures, only administrative procedures.
Malaysia and the US are making progress on a proposed Free Trade Agreement (FTA), US Commerce Department Deputy Secretary David A Sampson said yesterday.