Notice Board

Malaysia-US Free Trade Agreement

• Official launch on 8 March 2006 at Capital Hill, Washington
   

• To date, six rounds of negotiations have been held:

  • 12-15 June 2006, Penang;

  • 17-21 July 2006, Washington DC;

  • 30 October - 3 November 2006, Kuala Lumpur;

  • 8-12 January 2007, San Francisco; 

  • 5-9 February 2007, Sabah.

  • 18-19 April 2007, Washington D.C.
     

• Issues discussed are:

  • trade in goods, including agriculture products;

  • trade in services, including financial services;

  • investment; 

  • government procurement;  

  • intellectual property rights;

  • labour;

  • environment;

  • competition policy;

  • customs procedures;

  • trade remedies;

  • sanitary and phytosanitary; and

  • technical barriers to trade.
     

• Rules of Origin for textile and apparel : yarn forward
   

• The US is Malaysia 's single largest trading partner while Malaysia is the 10 th largest trading partner for the US . In 2006, trade with US was valued at RM170.8 billion and accounted for 16.0 per cent of Malaysia 's global trade.
   

• The US remains an important source of foreign direct investment in the manufacturing sector in Malaysia . In 2006, the US was the 4 th largest source of foreign direct investment with total investments amounting to RM2.5 billion .

      Related News :

• Deputy International Trade and Industry Minister Ng Lip Yong :  Malaysia-US FTA Talks to Go on Despite Expiry of TPA (5/9/2007)

• USTR : US-Malaysia FTA Should Not Hurt National Interests (30/8/2007)

• Deputy U.S. Trade Representative Karan Bhatia : U.S.- Malaysia Could Strike Trade Deal Next Year (28/8/2007)

• Barbara Weisel ,senior U.S. negotiator : U.S. Aims to Conclude FTA with Malaysia by Second Quarter 2008" (16/7/2007)

   

  
   

   

   

Posting date040907

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