Trade and Investment Mission to Japan and the Republic of ... Weekly... · MITI Tower, No. 7, Jalan...

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VOLUME 506

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeekly

B U L L ET I N16 October 2018 | NO. ISSN : 2180-0448

Med

ia R

elea

se

Trade and Investment Mission to Japan and the Republic of Korea

YB Datuk Darell Leiking, Minister of International Trade and Industry will be undertaking a Trade and Investment Mission (TIM) to Japan from 14 to 17 October 2018 and the Republic of Korea (ROK) from 18 to 21 October 2018. The Mission comprises officersfrom the Ministry of International Trade and Industry (MITI), Malaysian Investment Development Authority (MIDA), Malaysia External Trade Development Corporation (MATRADE), State Governments such as Penang, Melaka and Terengganu, as well as 76 representatives from Malaysian companies.

This Mission is an important annual engagement for the Government to continue enhancing bilateral economic and trade relations between Malaysia and Japan as well as ROK. During the Mission, YB Minister will have bilateral meeting with his counterpart in Tokyo and attend business seminars in Tokyo, Osaka and Seoul to promote business and investment opportunities in Malaysia. The programme will also include one-to-one business meetings and Business Matching sessions with selected captains of industry as well as small and medium enterprises (SMEs).

The meetings and business matching sessions with the Japanese and Korean companies will provide a great opportunity for Malaysia to learn of new industrial and technology developments and explore further collaboration with both nations, particularly in high potential sectors such as automotive, artificial intelligence, robotics, aerospace, petrochemical, medical devices, renewable energy and Halal industry. In addition, YB Minister is scheduled to meet and engage with Malaysian students in Seoul. YB Minister and delegation will also be visiting several companies and research centres such as Nissan Motor Corporation and Shimadzu Corporation in Japan and Samsung D’Light in ROK.

In 2017, Japan was Malaysia’s 4th largest overall global trading partner and 2nd largest after China for East Asia region while Malaysia was Japan’s 11th largest trading partner. The total trade between both countries was recorded at RM139.2 billion (USD32.4 billion) in 2017 with Malaysia’s exports to Japan amounted to RM75.6 billion (USD17.6 billion) and imports value totalled at RM63.6 billion (USD14.8 billion).

In terms of investments, Japan is the largest foreign investor in the manufacturing sector for implemented projects. As of June 2018, a total of 2,642 manufacturing projects were implemented with total investments of RM82.9 billion (USD26.0 billion) and these investments have created 340,698 job opportunities. The majority of these investments are in electronics and electrical products, chemicals and chemical products, non-metallic mineral products and transport equipment.

Meanwhile, ROK was Malaysia’s 8th largest trading partner, 10th largest export destination and 7th largest source of imports in 2017. In 2017, the total trade between both countries was recorded at RM67.7 billion (USD15.8 billion). The total exports to ROK amounted to RM28.6 billion (USD6.7 billion) while imports value was at RM39.1 billion (USD9.1 billion). In terms of investment, ROK was Malaysia’s 5th largest foreign investor in the manufacturing sector for implemented projects. As of June 2018, a total of 371 manufacturing projects were implemented with total investment worth RM25.7 billion (USD7.8 billion) and have generated 52,103 job opportunities. Most of these investments were in electrical and electronics, petroleum products, basic metal products, non-metallic mineral products and chemical and chemical products.

Ministry of International Trade and Industry14 October 2018


MITI Weekly Bulletin | www.miti.gov.myMITI Weekly Bulletin | www.miti.gov.my

Mal

aysi

a St

atis

tics

Source: Department of Statistics, Malaysia Compiled by MITI

Note: % is share to total

Trade in Manufacturing, January - August 2018

TOTA

L TR

AD

E

7.2%

RM1,047.6b

8.9%

RM544.2bEXPORTS

Major Export Destinations and Import Sources

E&E

Prod

ucts

Petr

oleu

m P

rodu

cts

SINGAPORERM40.0B

16.3%

PRCRM37.2b

15.2%

THAILANDRM13.7b

5.6%

HONG KONGRM37.5B

15.3%

USARM30.3b

12.3%

Total Exports: RM245.6b (37.7%)

PRCRM42.4b

24.6%

SINGAPORERM21.8b

12.6%

JAPANRM11.4b

6.6%

CHINESE TAIPEIRM29.7b

17.2%

USARM19.6b

11.4%

Total Imports: RM172.8b (29.8%)

SINGAPORERM13.5b

27.3%

VIET NAMRM6.4b12.9%

BANGLADESHRM3.0b

6.1%

PRCRM6.6b13.3%

INDONESIARM4.2B

8.4%


SINGAPORERM23.7b

44.2%

INDIARM6.0b11.2%

UAERM2.7b

5.1%

PRCRM6.2b11.6%

ROKRM3.6b

6.7%


5.5%

RM503.4bIMPORTS

Che

mic

als

& C

hem

ical

Pr

oduc

ts

PRCRM10.2b

27.8%

THAILANDRM3.4b

9.3%

SINGAPORERM2.4b

6.5%

INDONESIARM4.2b11.4%

VIET NAMRM2.6b

7.0%


PRCRM9.5b 17.6%

SAUDI ARABIARM4.5b

8.3%

JAPANRM3.7b

6.8%

SINGAPORERM5.9b10.9%

USARM3.9b

7.2%



MITI Weekly Bulletin | www.miti.gov.my

Mal

aysi

a St

atis

tics

Electrical & Electronics

RM187.5b10.6%

Manufacturing Indicators, January - August 2018

7.3%

Sales Value

Sales Value Per Employee1

RM536.9b 1,074,099 persons RM30.6b RM65,528

1.9% 11.5% 6.1%

Number of Employees

Salaries &Wages Production

Index114.34.9%

Jan-Aug 2017RM500.2b

Notes: % refers to year-on-year change # industry weight

Source: Department of Statistics, Malaysia Compiled by MITI

Jan-Aug 20171,054,482

Jan-Aug 2017RM27.5b

Aug 2017RM61,747

Jan-Aug 2017109.0

Top Five Industries in terms of Sales, Employment & Production Index

Sales Employment Production Index

MetalRM38.5b

4.7%

Food & BeveragesRM30.7b

6.7%

Chemicals RM152.2b

6.1%

Transport EquipmentRM35.7b

6.1%

Electrical & Electronics

336,960 persons1.8%

Metal97,1292.8%

Rubber Products86,083 persons

2.5%

Chemicals 133,354 persons

2.7%

Wood & Wood Products

95,176 persons0.9%

Chemicals111.118.0#

Metal114.35.4#

Palm Oil106.33.5#

Electrical &Electronics

119.514.5#

Transport Equipment109.14.2#


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M a l a y s i a r e m a i n e d n u m b e r o n e e x p o r t e r o f B a s e M e t a l s , S i l v e r o r G o l d , C l a d

w i t h P l a t i n u m , n o t F u r t h e r W o r ke d t h a n S e m i - M a n u f a c t u r e d * i n 2 0 1 7

Inte

rnat

iona

l St

atis

tics

US$8.4 M4.3 %

PHILIPPINES JAPAN USA BELGIUM MALAYSIA

US$10.7 M5.5 %

US$12.5 M6.4 %

US$17.7 M9.1 %

US$122.1 M62.7 %

54 3 2 1

Malaysia’s exports destinations for Base Metals, Silver or Gold, Clad with Platinum, not Further Worked than Semi-Manufactured*, in

2017

Notes : - % Share in Malaysia’s export - *Refers to HS 711100 Source: http://www.trademap.org/Index.aspx

JAPANUS$122.1 M

99.996 %

THAILANDUS$0.005 M

0.004%

MALAYSIA



M a l a y s i a i n W o r l d H e r i t a g e L i s t In

tern

atio

nal St

atis

tics

Gunung Mulu National Park Kinabalu Park

Natural Site

Cultural Site

Historic City of the Straits of Malacca: Melaka

Historic City of the Straits of Malacca: George Town

Archeological Heritage of the Lenggong Valley

Source: https://whc.unesco.org/en/list/

Legend

Category of site:Cultural site Natural site Mixed site

Site inscribed on the List of World Heritage in Danger:

Cultural site Natural site Mixed site



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

160

0

5

10

15

20

25

30

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

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

1,000

2,000

3,000

4,000

5,000

6,00022

Jul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN Trade in Goods Agreement (ATIGA)


0

500

1,000

1,500

2,000

2,500

0

200

400

600

800

1,000

1,200

1,400

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-China Free Trade Agreement (ACFTA)


0

200

400

600

800

1,000

1,200

1,400

0

500

1,000

1,500

2,000

2,500

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-Korea Free Trade Agreement (AKFTA)


0

50

100

150

200

250

300

0

20

40

60

80

100

120

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)


0

100

200

300

400

500

600

700

800

900

0

50

100

150

200

250

300

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-India Free Trade Agreement (AIFTA)


0

200

400

600

800

1,000

1,200

1,400

1,600

0

20

40

60

80

100

120

140

160

180

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)




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

50

100

150

200

250

300

350

400

450

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Japan Economic Partnership Agreement (MJEPA)


0

50

100

150

200

250

0

20

40

60

80

100

120

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)


0

2

4

6

8

10

12

14

16

18

0.00

0.10

0.20

0.30

0.40

0.50

0.60

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)


0

10

20

30

40

50

60

70

80

90

100

0

5

10

15

20

25

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Chile Free Trade Agreement (MCFTA)


0

50

100

150

200

250

300

350

400

450

500

0

20

40

60

80

100

120

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)


0

100

200

300

400

500

600

0

10

20

30

40

50

60

70

80

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Australia Free Trade Agreement (MAFTA)


0

50

100

150

200

250

300

350

0

50

100

150

200

250

300

22 J

ul

29 J

ul

5 A

ug

12 A

ug

19 A

ug

26 A

ug

2 Se

p

9 Se

p

16 S

ep

23 S

ep

30 S

ep

7 O

ct

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Turkey Free Trade Agreement (MTFTA)




Source : Bank Negara, Malaysia

Malaysian Ringgit Exchange Rate with Selected Countries,January 2017 - September 2018

US Dollar

Chinese Yuan

Thai Baht

Japanese Yen

Singapore Dollar

New Taiwan Dollar

4.4460

3.9644

4.1396

3.60

3.70

3.80

3.90

4.00

4.10

4.20

4.30

4.40

4.50

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2018

RM

USD 1 = RM

0.6468 0.6436

0.6040

0.57

0.58

0.59

0.60

0.61

0.62

0.63

0.64

0.65

0.66

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2018

RM

CNY 1 = RM

12.6982

12.6957

12.3750

12.7043

11.80

12.00

12.20

12.40

12.60

12.80

13.00

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2018

RM

THB 100 = RM

3.9310

3.8458

3.6258

3.6963

3.30

3.40

3.50

3.60

3.70

3.80

3.90

4.00

4.10

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2018RM

JPY 100 = RM

3.1422

3.1521

2.9622

3.0209

2.85

2.90

2.95

3.00

3.05

3.10

3.15

3.20

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p2018

RM

SGD 1 = RM

14.4076

14.3122

13.2733

13.4729

12.50

13.00

13.50

14.00

14.50

15.00

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2018

RM

TWD 100 = RM



Commodity Prices

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 # Heavy melting steel

CRUDE PETROLEUM (BRENT) -per bbl-

4.4%*US$80.4

12 Oct 2018

CRUDE PALM OIL -per MT-

0.2%*US$548.5

12 Oct 2018

RUBBER SMR 20 -per MT-

0.4%*US$1,344.5

12 Oct 2018

COCOA SMC 2 -per MT-

5.1%* US$1,419.6 12 Oct 2018

COAL -per MT-

0.4%*US$77.5

12 Oct 2018

SUGAR -per lbs-

3.5%*US¢13.1

12 Oct 2018

SCRAP IRON HMS# -per MT-

%*US$380.0

(high)

15 Oct 2018

%*US$350.0

(low)

29 Dec 2017 : US$66.9

Highest2017/2018

5 Oct 2018 : US$84.2

9 Feb 2018 : US$62.8 23 June 2017 : US$45.5

Lowest2017/2018

20 Jan 2017 : US$843.0

Highest2017/2018

9 Mar 2018 : US$691.5

24 Aug 2018 : US$532.5 30 June 2017 : US$650.0

Lowest2017/2018

Average Price 2017 i : US$55.0 Average Price 2017 i : US$719.7

Average Price 2017 i : US$1,646.6 Average Price 2017 i : US$1,439.0 Average Price 2017 i : US¢15.8

Average Price 2017 i : US$314.5Average Price 2017 i : US$57.2

Domestic Prices12 Oct 2018

Steel Bars(per MT)

RM2,350– RM2,500

Billets(per MT)

RM2,150– RM2,250



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.

1,489.2

1,408.5

1,311.41,303.6

1,423.5

1,448.6

1,472.2 1,472.9 1,476.6

1,376.6

1,350.9

1,419.6

1,200

1,250

1,300

1,350

1,400

1,450

1,500

1,550

27 July 3 Aug 10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5 Oct 12 Oct

US$

/mt

Cocoa

2,386

2,301

2,1902,152 2,150

1,984

1,868 1,866 1,8711,825 1,812 1,808

1,500.0

1,600.0

1,700.0

1,800.0

1,900.0

2,000.0

2,100.0

2,200.0

2,300.0

2,400.0

2,500.0


US$

/mt

Pepper

1,332.5

1,316.5

1,349.0

1,339.5

1,373.5

1,349.0

1,322.5

1,336.51,340.5

1,335.01,339.5

1,344.5

1,280

1,290

1,300

1,310

1,320

1,330

1,340

1,350

1,360

1,370

1,380


US$

/mt

Rubber SMR 20

68.7 68.567.6

65.9

68.769.8

67.869.0

70.8

73.374.3

71.3

74.373.2 72.8

71.8

75.877.4 76.8

78.1 78.8

82.784.2

80.4

50

55

60

65

70

75

80

85

90


US$

/bbl

Crude Petroleum

Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl

587.5

572.5570.5

569.0

545.0 545.0

562.5

566.5

558.0

532.5

547.5 548.5

530

540

550

560

570

580

590

600


US$

/mt

Crude Palm Oil

10.9 10.9

10.5

10.2 10.2

10.6

11.0

12.0

11.7

11.2

12.6

13.1

10.0

10.5

11.0

11.5

12.0

12.5

13.0

13.5


US

¢/l

bs

Sugar


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.

15.5 15.5

15.3

14.6

14.9

14.6

14.2 14.1

14.4

14.714.6 14.6

13.0

13.5

14.0

14.5

15.0

15.5

16.0

27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep 5-Oct 12-Oct

US$

/oz

Silver

39.5

39.1 39.0

38.0

38.5 38.5 38.6

38.6 38.5

38.2

38.7

39.2

37.0

37.5

38.0

38.5

39.0

39.5

40.0


US$

/oz

Gold

1,86

1

1,90

1

1,92

1

1,91

3

1,88

5

1,90

3

2,03

0 2,09

6

2,13

1

2,09

7

2,08

0

2,21

0

2,18

2

2,06

9

2,25

5 2,30

0

2,23

8

2,08

2

2,05

2

2,02

6

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

2,300

2,400

Feb

Mar

Apr

May Jun

Jul

Aug Se

p

Oct

No

v

Dec Jan

Feb

Mar

Apr

May Jun

Jul

Aug Se

p

2018

US$

/ to

nn

e

Aluminium

5,94

1

5,82

5

5,68

4

5,60

0

5,72

0

5,98

5

6,48

6

6,57

7 6,80

8

6,82

7

6,83

4 7,06

6

7,00

7

6,79

9

6,85

2

6,82

5 6,96

6

6,25

1

6,05

1

6,05

1

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500

Feb

Mar

Apr

May Jun Jul

Aug Se

p

Oct

No

v

Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug Se

p

2018

US$

/ to

nn

e

Copper

10,6

43

10,2

05

9,60

9

9,15

5

8,93

2 9,49

1

10,8

90

11,2

16

11,3

36

11,9

72

11,4

95

12,8

65 13

,596

13,3

93

13,9

38

14,3

66 15

,106

13,7

94

13,4

11

12,5

10

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

15,000

16,000

Feb

Mar

Apr

May Jun Jul

Aug Se

p

Oct

No

v

Dec Jan

Feb

Mar

Apr

May Jun Jul

Aug Se

p

2018

US$

/ to

nn

e

Nickel

80

.41

89

.44

87

.65

70

.22

62

.43

57

.48

67

.74

76

.07

71

.53

61

.66

64

.24

72

.25 7

6.3

4

77

.46

70

.35

65

.75

66

.10

65

.04

64

.56

67

.15

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

2017 2018

US$

/dm

tu

Iron Ore

836.0840.6

833.2

780.3

792.8790.4

783.3

801.2

832.9

822.4 824.5

840.0

740.0

750.0

760.0

770.0

780.0

790.0

800.0

810.0

820.0

830.0

840.0

850.0


US$

/oz

Platinum

380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0

360.0 360.0 360.0 360.0 360.0 360.0 360.0 360.0 360.0 360.0

350.0 350.0

300

310

320

330

340

350

360

370

380

390


US

$/m

t

Scrap Iron

Scrap Iron/MT (High) Scrap Iron/MT(Low)

65.2 65.2 65.3 65.4

66.7

70.070.6

71.6 71.8

75.6

77.8 77.5

55.0

60.0

65.0

70.0

75.0

80.0


US

$/t

Coal



MIT

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MES

MITI Deputy Minister at National Convention on Good Regulatory Practice 2018

11 October 2018



MIT

I PR

OG

RAM

MES

MITI Management Services Division Open Day 11 October 2018



MIT

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MES

Hari Sukan Negara MITI and Agencies 13 October 2018



MIT

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MES

MITI Minister was a panelist in the Panel Discussion 'Malaysia: A Vibrant Hub of Opportunities' during the

Seminar on ‘Business Opportunities in Malaysia’ in Tokyo15 October 2018



Source: http://www.miti.gov.my/index.php/glossary

of Technical TermsWTO Sectoral InitiativesTariff elimination for selected sectors, with the requirement of participation by members contributing 90 per cent of world trade. Developed members want key developing members such as PRC, India and Brazil to be part of sectoral initiatives.

Zero For X Tariff ReductionDeveloped countries to undertake immediate elimination compared to developing countries.

ZeroingAn investigating authority usually calculates the dumping margin by getting the average of the differences between the export prices and the home market prices of the product in question. When it chooses to disregard or put a value of zero on instances when the export price is higher than the home market price, the practice is called “zeroing”. Critics claim this practice artificially inflates dumping margins.

AnnouncementsTentative Schedule for MITI

Pocket Talks 2018No. Date Venue Topic

1 17-Oct MITI HQ

Introduction to FTA & Preferential Certificate of Origin (PCO)

2 14-Nov MITI Sabah


3 5-Dec MITI HQ


4 12-Dec MITI Sarawak


Please click here to register



Announcements

For more information, kindly click the following links:http://www.miti.gov.my/miti/resources/Approve%20Permit/AP%20Announcement/Lampiran_GP_Classic_and_

For more information, kindly click the following links:http://www.miti.gov.my/index.php/pages/view/4761Vintage_English.pdf

Issuance of APEC Business Travel Card is temporarily suspendedImmigration Department of Malaysia has issued a notice that due to unavoidable circumstances, the issuance of APEC Business Travel Card is temporarily suspended and ABTC card will not be printed for approved applicants until further notice.

Kindly refer:

http://www.imi.gov.my/index.php/en/resources-and-archives/announcement/1784-notice-of-apec-card-production-suspended-time.html

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Kindly click the link below for any comments in this issue. MWB reserves the right to edit and republish letters as reprints. http://www.miti.gov.my/index.php/forms/form/13

MITI Geneva Name : Azuwiza Darus Designation : Counselor (Economy) MITI GenevaContact No : 6200 0453 / (+41)22-799 4042Email : [email protected]

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