Sign up | Log in



Home  >>  Daily News  >> Malaysia News  >>  Trade  >> FTA to boost Malaysia-New Zealand trade

29 October2009

FTA to boost Malaysia-New Zealand trade

Related Stories

July 28, 2009
China expected to fund Thai-Malaysia pipeline

July 7, 2009
Australia pushes Malaysia to help curb people-smuggling

July 6, 2009
Najib to unveil China’s ‘massive’ projects in Malaysia

Malaysian Prime Minister Najib Razak said the trade figure between New Zealand and Malaysia will increase further next year following the signing of their free trade agreement (FTA) Monday.

Bilateral trade between the two countries increased by 46.2 percent to $1.9 billion last year from $1.3 billion in 2007, reported Indonesia’s national news agency Antara.

Najib said the signing of the agreement signified a great political desire to bring the long standing relationship between the two countries to a higher level.

The two countries signed a free trade agreement Monday after four years of talks, seeking to bolster $1.8 billion in bilateral trade as the global economy recovers from its slump.

Under the agreement, which takes effect next year, Malaysia will progressively eliminate import taxes on 10,293 products from New Zealand, including paper, plastics and automotive components, by 2016. New Zealand will scrap the import levy on all 7,238 products imported from Malaysia by 2016, including cocoa products, carpets and tires.


Comment on this Article. Send them to
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2021 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand