CONCLUSION OF CPTPP IN TOKYO Weekly... · MITI Tower, No. 7, Jalan Sultan Hai Ahmad Shah, 50480...
Transcript of CONCLUSION OF CPTPP IN TOKYO Weekly... · MITI Tower, No. 7, Jalan Sultan Hai Ahmad Shah, 50480...
1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
CONCLUSION OF CPTPP IN TOKYO
Chief Negotiators of the 11 Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) member countries met in Tokyo from 22-23 January 2018 as a follow up from the Ministerial Meeting that was held in Da Nang, Viet Nam on 10 November 2017. The Tokyo meeting has achieved a breakthrough in which all member countries have come to an agreement on these four country-specific issues as follows:
1. State-owned enterprises – namely on Malaysia’s request for additional flexibility to conduct preferential purchases for the upstream oil and gas sector, in which the commitment to limit the transition period will now commence on the date of entry into force, instead of the date of signing as per the previous arrangement
2. Market access for the coal industry3. Trade sanctions related to dispute settlement4. Exceptions to cultural industries
ME
DIA
STA
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ME
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These issues were supposed to have been resolved much later. Before the Tokyo meeting, there were 20 provisions that will be suspended under the CPTPP. The suspension would mean that these provisions will not be implemented for the time being, until all CPTPP member countries agreed to uplift this suspension.
The Tokyo meeting has agreed to add two more suspensions into the list – making it a total of 22 suspensions. One of them was on the additional flexibilities for Malaysia in the oil and gas sector as described above – after the relentless pursuit and consistent fight put forth by our negotiating team on this matter. Another one was on the market access for Brunei’s coal industry.
The English Text of the Agreement has been finalised and it will be released upon the completion and verification of the same text in French and Spanish, expected within the next few weeks. CPTPP is planned to be signed on 8 March 2018 and Chile has offered to host the signing ceremony. This date however will have to be formally confirmed by the CPTPP Ministers.
Malaysia believes the CPTPP is a high quality agreement – with a combined GDP worth USD11 trillion (13% of global GDP), 476 million population and 15% share of global trade volume. This signing of this agreement will be a significant boost to global trade. It will open up the door for Malaysian companies to expand their presence in overseas market.
Meanwhile for the Malaysian public at large, the CPTPP will benefit us in terms of expanding consumer choices on goods and services in our market. We expect additional jobs to be created as a result of further investment that will come in due to the improved trading and investing environment under the CPTPP. We are satisfied with the outcome of this meeting and our negotiators have once again successfully defended Malaysia’s interests.
Moving forward, I will be tabling the outcome of this meeting to Cabinet for its consideration and resume the engagement process with the relevant stakeholders should the Cabinet decides to grant its approval.
Dato’ Sri Mustapa MohamedMinister of International Trade and Industry 24 January 2018
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Labour Force, November 2017
Source: Department of Statistics, Malaysia
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Source: Department of Statistics, Malaysia
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MITI Weekly Bulletin | www.miti.gov.my
Source: Department of Statistics, Malaysia
Malaysia as the Largest Exporter of White Lauan,
White Meranti, White Seraya, Yellow Meranti and Alan
2016
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MITI Weekly Bulletin | www.miti.gov.my
Note : Refers to HS440726Source:http://www.trademap.org/Index.aspx
1
4
5
3
2
TOP 5 Malaysia’s Export
Destinations PhilippinesUS$0.8 mil.
ThailandUS$0.4 mil.
PakistanUS$0.4 mil.
JapanUS$0.2mil.
Chineese Taipei
US$0.1mil.
Malaysia as the Largest Exporter of White Lauan,
White Meranti, White Seraya, Yellow Meranti and Alan
2016
International Report
MalaysiaUS$23.4
mil.
1 2Saudi ArabiaUS$0.8
mil.
Hong Kong
US$0.5mil.
54
UAEUS$0.7
mil.
3PRC
US$0.7mil.
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Number and Value of Preferential Certificates of Origin (PCOs)
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.
0
20
40
60
80
100
120
140
0
50
100
150
200
250
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Generalised System of Preferences (GSP)
Total FOB (RM mil.) Total CO
0
1,000
2,000
3,000
4,000
5,000
6,000
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,0005
Nov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN Trade in Goods Agreement (ATIGA)
Total FOB (RM mil.) Total CO
0
500
1,000
1,500
2,000
2,500
3,000
0
500
1,000
1,500
2,000
2,500
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-China Free Trade Agreement (ACFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
0
100
200
300
400
500
600
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Korea Free Trade Agreement (AKFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
400
0
20
40
60
80
100
120
140
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
700
800
900
1,000
0
100
200
300
400
500
600
700
800
900
1,000
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-India Free Trade Agreement (AIFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
1,400
1,600
0
20
40
60
80
100
120
140
160
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
Total FOB (RM mil.) Total CO
7MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Number and Value of Preferential Certificates of Origin (PCOs)
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
0
200
400
600
800
1,000
1,200
0
20
40
60
80
100
120
140
160
180
200
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Japan Economic Partnership (MJEPA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
0
20
40
60
80
100
120
140
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Pakistan Closer Economic Partnership (MPCEPA)
Total FOB (RM mil.) Total CO
0
2
4
6
8
10
12
14
16
18
0.00
0.05
0.10
0.15
0.20
0.25
0.30
0.35
0.40
0.45
0.50
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
0
20
40
60
80
100
120
0
5
10
15
20
25
30
35
40
45
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Chile Free Trade Agreement (MCFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
400
450
500
0
50
100
150
200
250
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
700
0
10
20
30
40
50
60
70
80
90
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Australia Free Trade Agreement (MAFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
0
50
100
150
200
250
300
350
5 N
ov
12 N
ov
19 N
ov
26 N
ov
3 D
ec
10 D
ec
17 D
ec
24 D
ec
31 D
ec
7 Ja
n
14 J
an
21 J
an
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
8MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Source : Bank Negara Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries,January 2016 - December 2017
US Dollar
Pakistani Rupee
Egyptian Pound
Cambodian Riel
Nepalese Rupee
United Arab Emirates Dirham
4.3481
3.9045
4.4615
4.0780
3.60
3.70
3.80
3.90
4.00
4.10
4.20
4.30
4.40
4.50
4.60
Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec
2016 2017
RM
USD 1 = RM
4.1460
3.7275
4.2569
3.7551
3.40
3.50
3.60
3.70
3.80
3.90
4.00
4.10
4.20
4.30
Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec
2016 2017
RM
PKR 100 = RM
0.5553
0.4705
0.2289
0.00
0.10
0.20
0.30
0.40
0.50
0.60
Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec
2016 2017
RM
EGP 1 = RM
0.1071
0.0968
0.1112
0.1007
0.085
0.090
0.095
0.100
0.105
0.110
0.115
Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec
2016 2017RM
KHR 100 = RM
4.0376
3.6697
4.2657
3.9650
3.30
3.40
3.50
3.60
3.70
3.80
3.90
4.00
4.10
4.20
4.30
4.40
Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec
2016 2017
RM
NPR 100 = RM
118.3808
106.2984
121.4682
111.0293
95.0
100.0
105.0
110.0
115.0
120.0
125.0
Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec Jan
Feb
Ma
rA
prM
ay
Jun Jul
Aug Se
pO
ctN
ovD
ec
2016 2017
RM
AED 100 = RM
9MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, and Bloomberg.
Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated
Commodity PricesCRUDE PETROLEUM (BRENT)
-per bbl-26 Jan 2018 : US$70.5, 2.8%*Average Pricei : 2017: US$55.0 2016: US$45.3
CRUDE PALM OIL-per MT-
26 Jan 2018 : US$666.0, 1.8%*Average Pricei : 2017: US$719.7 2016: US$702.2
RUBBER SMR 20-per MT-
26 Jan 2018 : US$1,547.0, 0.7%*Average Pricei : 2017: US$1,646.6 2016: US$1,394.5
COAL -per MT-26 Jan 2018 : US$64.6, unchangedAverage Pricei : 2017: US$57.2 2016: US$45.6
COCOA SMC 2-per MT-
26 Jan 2018 : US$1,367.7, 1.2%*Average Pricei : 2017: US$1,439.0 2016: US$1,609.8
SCRAP IRON HMS-per MT-
26 Jan 2018 : US$400.0 (high), 4.8%* US$380.0 (low), 5.0%*Average Pricei : 2017: US$314.5 2016: US$243.2
HIGHEST and LOWEST 2017/2018
Highest 26 Jan 2018 : US$70.5 29 Dec 2017 : US$66.9
Lowest
5 Jan 2018 : US$67.6
23 June 2017 : US$45.5
Crude Petroleum
(Brent)-per bbl-
Highest 12 Jan 2018 : US$687.5 20 Jan 2017 : US$843.0
Lowest
30 June 2017 : US$650.0 26 Jan 2018 : US$666.0
Crude Palm Oil -per MT-
Domestic Prices26 Jan 2018
Steel Bars(per MT)
RM2,650 – RM2,800
Billets(per MT)
RM2,350 – RM2,400
SUGAR -per lbs-26 Jan 2018 : US¢ 13.4, 0.8%*Average Pricei : 2017: US¢15.8 2016: US¢18.2
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MITI Weekly Bulletin | www.miti.gov.my
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
731.0 734.0
714.0
692.5 693.0
676.5
661.0656.7
675.6
687.5
678.0
666.0
600
620
640
660
680
700
720
740
760
10 Nov 17 Nov 24 Nov 30 Nov 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan 26Jan
US$
/mt
Crude Palm Oil
1,561.9
1,501.71,517.2
1,443.6
1,259.8
1,320.6 1,320.1
1,329.4
1,301.8
1,334.8
1,384.51,367.7
1,200
1,250
1,300
1,350
1,400
1,450
1,500
1,550
1,600
10 Nov 17 Nov 24 Nov 30 Nov 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan 26Jan
US$
/mt
Cocoa
15.0
15.415.5
15.0
14.1
13.7
14.6
15.215.1
14.2
13.313.4
12.0
12.5
13.0
13.5
14.0
14.5
15.0
15.5
16.0
10 Nov 17 Nov 24 Nov 30 Nov 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan 26Jan
US¢
/lbs
Sugar
1,412.5
1,376.5
1,428.0
1,397.0
1,416.5
1,462.0
1,425.5
1,452.5 1,456.0
1,523.51,536.5
1,547.0
1,300
1,350
1,400
1,450
1,500
1,550
1,600
10 Nov 17 Nov 24 Nov 30 Nov 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan 26Jan
US$
/mt
Rubber SMR 20
6,90
0 7,08
8
7,11
3 7,28
1
6,91
7
6,85
1
6,73
0
6,33
7
6,08
5
5,96
5
4,51
6
3,98
4
4,36
6 4,60
5
4,17
0 4,47
4
4,46
3
3,97
4
2,95
0
3,47
6
4,11
4
2,500
3,000
3,500
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
2016 2017
USD
/ to
nne
Black Pepper
11MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
64.5
64.2
62.6
65.0 65.0 65.0 65.0
65.365.2
64.464.6 64.6
61.0
61.5
62.0
62.5
63.0
63.5
64.0
64.5
65.0
65.5
66.0
10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan 26Jan
US$
/t
Coal
1,48
1 1,53
11,53
1 1,57
11,55
1 1,59
4 1,62
9 1,
639
1,59
21,
666
1,73
7 1,
728 1,
791
1,86
1 1,90
1 1,
921
1,91
3 1,88
51,
903
2,03
0 2,09
6 2,13
1 2,
097
2,08
0
1,400
1,500
1,600
1,700
1,800
1,900
2,000
2,100
2,200
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov
Dec
2016 2017
US$/
tonn
e
Aluminium4,
472 4,59
94,95
44,
873
4,69
54,
642 4,
865
4,75
24,
722
4,73
1 5,45
1 5,66
05,75
5 5,94
15,82
55,68
45,60
0 5,72
05,98
56,
486
6,57
7 6,80
8 6,
827
6,83
4
4,000
4,500
5,000
5,500
6,000
6,500
7,000
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov
Dec
2016 2017
US$/
tonn
e
Copper
8,50
78,
299 8,
717
8,87
9 8,
660 8,92
8 10
,263
10
,336
10
,192
10
,260
11
,129
10
,972
9,
971
10,6
43
10,205
9,
609
9,15
58,
932
9,49
1 10
,890
11
,216
11
,336
11,9
72
11,495
7,000
8,000
9,000
10,000
11,000
12,000
13,000
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov
Dec
2016 2017
US$/
tonn
eNickel
56.7 56.6
59.0 58.457.4 57.3
58.5
60.461.4
64.363.4
66.163.562.7
63.9 63.7 63.4 63.2
65.366.9
67.6
69.968.6
70.5
40
45
50
55
60
65
70
75
10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan 26Jan
US$
/bbl
Crude Petroleum
CrudePetroleum(WTI)/bblCrudePetroleum(Brent)/bbl
12MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
MITI Weekly Bulletin | www.miti.gov.my
Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.
941.0 940.0933.0 937.0
895.0885.0
930.0940.0
969.0
940.0
1,014.01,020.0
800.0
850.0
900.0
950.0
1,000.0
1,050.0
10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan 26Jan
US$
/oz
Platinum
320.0 320.0
330.0
350.0 350.0 350.0
395.0390.0 390.0
420.0 420.0
400.0
300.0 300.0
310.0
340.0 340.0 340.0
380.0 380.0 380.0
400.0 400.0
380.0
250
270
290
310
330
350
370
390
410
430
450
10 Nov 17 Nov 24 Nov 30 Nov 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan 26Jan
US$
/mt
Scrap Iron
ScrapIron/MT(High)ScrapIron/MT(Low)
41.88 46
.83
56.20 60
.92
55.13
51.98 57
.26 60.89
57.79
59.09
73.10
80.02
80.41
89.44
87.65
70.22
62.43
57.48
67.74
76.07
71.53
61.66 64.24
72.25
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov
Dec
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov
Dec
2016 2017
US$
/dm
tu
Iron Ore
17.117.2
17.1
16.4
15.8
16.1
16.3
17.0
17.3
17.117.1
17.4
15.0
15.5
16.0
16.5
17.0
17.5
10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan 26Jan
US$
/oz
Silver
41.3 41.341.5
41.0
40.240.3
40.7
41.5
42.4
42.742.9
43.5
38.0
39.0
40.0
41.0
42.0
43.0
44.0
10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan 26Jan
US$
/oz
Gold
13MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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MITI PROGRAMMEMITI PROGRAMMERountable Meeting with Potential Investors and Importers, Mumbai, India
23 January 2018
ASEAN - India Business Council Forum, New Delhi, India24 January 2018
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MITI PROGRAMMEMITI PROGRAMMESME Business Networking Event & MoU Signing Ceremony
New Delhi, India, 25 January 2018
Mesyuarat Agung PUSPANITA MITI Kali ke-1426 Januari 2018
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MITI PROGRAMMEMITI PROGRAMMEKarnival “Jom Niaga”,
Sungai Petani, Kedah, 26-28 Januari 2018
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Source: http://www.miti.gov.my/index.php/glossary
ASEAN Single Window (ASW)ASW is a unique regional initiative that connects and integrates National Single Windows (NSWs) of Member States. The ASW objective is to expedite cargo clearance within the context of increased economic integration in ASEAN.
ASEAN Solutions for Investments, Services and TradeASSIST was established in August 2016. It serves as a business–friendly facility for receiving and responding to complaints submitted by ASEAN-based businesses.
ASEAN Trade FacilitationInitiatives undertaken by ASEAN Member States to simplify, harmonise and standardise trade and customs, processes, procedures related information to reduce transaction costs in ASEAN.
ASEAN+1 Free Trade Agreements (FTAs)ASEAN Member States as a group came into a free trade agreement with a non-ASEAN Member State such as China (ASEAN-China FTA), Japan (ASEAN-Japan Comprehensive Economic Partnership), South Korea (ASEAN-Korea FTA), India (ASEAN-India FTA) and Australia/New Zealand (ASEAN-Austral New Zealand FTA). These countries are also known as ASEAN FTA Partners (AFPs).
ASEAN+3ASEAN+China, Japan and Korea
ASEAN 6Is an acronym refers to the six advance ASEAN Member States namely Brunei Darussalam, Indonesia, Malaysia, Philippines, Singapore and Thailand.
ASEAN-BACASEAN Business Advisory Council - was established in 2003. The ASEAN-BAC assumes a strategic role in facilitating engagement between the private and public sector. Each ASEAN Member State is represented by three private sector members, including one from SMEs.
ASEAN-HKASEAN-Hong Kong Free Trade Agreement
ASECASEAN Secretariat - ASEC’s basic function is to provide for greater efficiency in the coordination of ASEAN organs and for more effective implementation of ASEAN projects and activities. The economic pillar of ASEC is headed by Deputy Secretary General of ASEAN for ASEAN Economic Community.
ASEMAsia-Europe Meeting - ASEM is an exclusively Asian–European forum to enhance relations and various forms of cooperation between the 53 partners: 51 countries and 2 regional organisations namely the European Union and ASEAN Secretariat.
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Announcement
Withholding TaxFor more information on Withholding Tax, please visit LHDN’s website via this link: http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=6&bt_posi=1&bt_unit=5&bt_sequ=1&bt_lgv=2
Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
For more information on Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)please visit MITI’s website via this link: http://fta.miti.gov.my/index.php/pages/view/71?mid=40
Industry 4.0For more information on Industry 4.0, please visit MITI’s website via this link: http://www.miti.gov.my/index.php/pages/view/industry4.0?mid=559
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MITI Corner
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