September 5, 2008
Bilateral FTAs in Asean may impede businesses
August 29, 2008
Asean broadens trade ties in Asia Pacific
FTA with India to be signed in December
EU deal remains a challenge
August 28, 2008
Asean, Australia, New Zealand close to sealing trade pact
August 19, 2008
Taiwan lobbies Asean for dialogue partner status
August 17, 2008
Asean-Australia-New Zealand FTA negotiations:
Philippines to push for local dairy industry development
August 9, 2008
Asean, India FTA set for December
July 24, 2008
Japan, Asean reaffirm plan for FTA
July 18, 2008
Vietnam to improve trade, transport links with China
July 7, 2008
Cambodia, Japan to wrap up trade pact by end July
June 25, 2008
Thailand seeks to resume FTA talks with US;
US-Malaysia negotiations continue
May 28, 2008
FTA to take effect July 1
Malaysia, Australia gets closer to wrap up FTA
Malaysia and Australia hope to conclude the free trade agreement (FTA) between both countries within a "reasonable time-frame," Malaysian news agency Bernama quoted the country’s trade minister as saying.
"It could be in 2009 and both sides have agreed that we should work towards the conclusion of the deal as soon as possible," Muhyiddin Yassin told reporters after the 14th Australia-Malaysia Joint Trade Committee (JTC) meeting, in Kuala Lumpur Tuesday.
He said that officials from both countries would meet here next month on the FTA negotiations.
The Malaysia-Australia FTA (MAFTA) talks, which began in July 2005, was earlier expected to be concluded in 2007. However, certain sensitive issues have caused a delay.
Australia's Minister of Trade, Simon Crean said that one issue was related to the pending finalisation of the Doha round.
Crean was attending the JTC meeting in conjunction with his first visit to Malaysia as trade minister.
Crean said he believed that Australia and Malaysia can work together as both countries have strong complementarities in economies and many sectors with solid commercial exchange such as the services sector.
Both countries would co-host a series of roundtables with business to promote trade in services.
He also said that the country hoped the outcome of the recently concluded Asean-Australia-New Zealand FTA (AANZFTA) will further improve access to the Malaysian market for Australian companies.
"Malaysia-Australia FTA should be an AANZFTA-plus agreement," he added.
With total two-way trade in 2007 coming to $12.8 billion, Malaysia is Australia's third largest trading partner in Asean and eleventh largest trading partner overall.
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