In addition, increased internationalization through trade and participation in global value chains (CIS) enables Malaysian SMEs to achieve economies of scale, increase market share and increase productivity. In this regard, Malaysia has engaged in various free trade agreements (FTAs) to improve market access for Malaysian goods and services. Malaysia is one of our fastest growing export markets and our sixth largest trading partner for products. In 2014, two-way merchandise trade totaled more than $3 billion. The PCO, as well as the import documents of the importer`s customs authority, the ASEAN region is a dynamic market, with approximately 640 million consumers, and is one of the eight world economies. Countries as a group are the EU`s third largest trading partner outside Europe, after the United States and China. As a small-market trade nation, it is essential for Malaysia to continue to establish an open trade and investment system to stimulate economic growth, create high-skilled jobs and promote technological development and innovation. Ensuring better access for EU exporters to the dynamic ASEAN market is an EU priority. Negotiations for a trade and investment agreement between the region and ASEAN began in 2007 and were interrupted by mutual agreement in 2009 to relax a bilateral negotiating format. These bilateral trade and investment agreements were designed as building blocks for a future agreement between the regions.
Malaysian SMEs are therefore encouraged to take advantage of Zuleinen`s free trade agreements and develop a good understanding of free trade agreements and trade requirements in order to take advantage of the benefits of free trade agreements to penetrate global markets. To date, Malaysia has signed 14 free trade agreements: Malaysia has already signed and implemented seven bilateral free trade agreements with Japan, Pakistan, India, New Zealand, Chile, Australia and Turkey. At the ASEAN level, Malaysia has 6 regional free trade agreements with ASEAN (AFTA), China, Korea, Japan, Australia, New Zealand and India. A free trade agreement is an international agreement between two or more countries to reduce or remove trade barriers and achieve closer economic integration. New Zealand has another trade agreement with Malaysia – AANZFTA, which includes Australia and other ASEAN countries. The pricing system (external link) helps you choose which one, but there are other factors such as handling and routing requirements that you also need to consider. Use the tariff calculator (external link) and this NZIER [PDF, 130 KB] study [PDF, 130KB] to help you make your decision. With the large and growing population of Malaysia, there are many opportunities for growth and our free trade agreement is helping to pave the way. The agreement offers importers and exporters more than previous commitments of the ASEAN Australia New Zealand Free Trade Agreement (AANZFTA).
Although free trade negotiations between the EU and Malaysia have been frozen, a Sustainable Impact Assessment (AIS) has been launched to support free trade negotiations between the two partners. The ASA will assess the potential impact of the trade and trade provisions of the proposed free trade agreement on the economic, social, human rights and environmental aspects in each trading partner and in other countries concerned. In addition to the free trade agreement, New Zealand and Malaysia have signed environmental and labour agreements. These include more effective debate and cooperation on labour and environmental issues. See Chapter 9 of the MFAT Agreement Guide [PDF, 1.1 MB] [PDF, 1MB] an overview of what the free trade agreement means for services.