Malaysia’s Trade Statistics 2020
Summary of Malaysia’s Monthly Trade 2020 Month Total Exports(RM Billion) Total Imports(RM Billion) Total Trade(RM Billion) Balance of Trade(RM Billion) January 84.11 72.08 156.20 12.03 February 74.45 61.83 136.28 12.62 March 80.12 67.80 147.92 12.31 April 64.79 68.42 133.21 -3.63 May 62.65 52.26 114.91 10.39 June 82.82 61.97 144.79 20.85 July 92.56 67.38 159.94 25.18 […]
RCEP to Contribute Significantly to Malaysian Companies
FMM In the News: MALAY MAIL, KUALA LUMPUR, Monday, November 16, 2020 – The Federation of Malaysian Manufacturers (FMM) is confident that the Regional Comprehensive Economic Partnership (RCEP) will contribute significant market access for Malaysian companies, enabling new value chains, increasing economic activities, and strengthening supply chain links across the Asia Pacific. FMM president Tan Sri […]
RCEP to Help Attract Foreign Companies Coming into Asean
FMM In the News: THE STAR, PETALING JAYA, Monday, 16 November 2020 – The Federation of Malaysian Manufacturers (FMM) said the recent signing of the Regional Comprehensive Economic Partnership (RCEP) will help attract foreign companies keen on entering into an integrated Asean market. This is because the agreement would enhance transparency in trade and investment and […]
RCEP: Asia-Pacific Countries Form World’s Largest Trading Bloc
The Regional Comprehensive Economic Partnership (RCEP) is made up of 10 Southeast Asian countries, as well as South Korea, China, Japan, Australia and New Zealand. The pact is seen as an extension of China’s influence in the region. The deal excludes the US, which withdrew from a rival Asia-Pacific trade pact in 2017. President Donald […]
What is the RCEP Trade Deal?
HANOI: Backed by China, the sprawling Regional Comprehensive Economic Partnership (RCEP) is seen as a coup for Beijing in extending its influence across the region and marks its dominance in Asian trade. After eight years of wrangling over the details, the trade pact – the world’s largest in terms of GDP, say analysts – was signed on Sunday […]
What will RCEP do?
The RCEP is expected to eliminate a range of tariffs on imports within 20 years. It also includes provisions on intellectual property, telecommunications, financial services, e-commerce and professional services. But it’s possible the new “rules of origin” – which officially define where a product comes from – will have the biggest impact. Already many member […]
Regional Comprehensive Economic Partnership (RCEP)
The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement between the Asia-Pacific nations of Australia, Brunei, Cambodia, China, Indonesia, Japan, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, South Korea, Thailand, and Vietnam. The 15 member countries account for about 30% of the world’s population (2.2 billion people) and 30% of global GDP ($26.2 trillion) as of 2020, making it the biggest trade bloc in history. It was signed on 15 November 2020 at a virtual ASEAN Summit hosted by Vietnam, […]
Regional Comprehensive Economic Partnership (RCEP)
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RCEP : The World’s Largest FTA Takes Effect Today
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Azmin: RCEP Signing Supports Malaysia’s Position as Preferred Trading Hub
KUALA LUMPUR, Nov 15 — The Regional Comprehensive Economic Partnership (RCEP) will contribute to sustaining Malaysia as a preferred trading hub and investment destination, said Malaysia’s Senior Minister Datuk Seri Mohamed Azmin Ali. Azmin, who is also the International Trade and Industry Minister, said that to Malaysia’s businesses, it meant tariff elimination or reduction for merchandise goods, including the facilitation […]