Sign up | Log in



Home  >>   Daily News  >>   Malaysia  News  >>   Trade  >>   FTAs boost Malaysia exporters
NEWS UPDATES Asean Affairs        27  April 2011

FTAs boost Malaysia exporters

Related Stories

March 15,2011
Japan’s troubles affect Malaysia

February 23,2011
Malaysia, Turkey sign deals

August 23,2010
Malaysia ready to trade palm oil for rice to stabilize domestic supply


May 15, 2010
Malaysia, India agree to ink free trade deal in August

May 5, 2010
Electronics shipments boost Malaysia exports

April 26, 2010
Malaysia’s timber exports to rise on better economy

The number of country of origins (COOs) certificates issued to companies in Malaysia exporting to Europe and Asia-Pacific has increased by 22.8 percent in the first quarter compared with the same period last year.

Such preferential certificate of origins is a document which enables products to enjoy tariff reduction or zero duty when the products are exported to other countries that participate in trade arrangement with Malaysia.

International Trade and Industry Ministry director (Penang) Ahmad Rizal said the value of trade using COOs within that period had also increased by 4.8% to RM28.3bil from RM26.9bil previously. “This year, the number of COOs and the value of exports is expected to rise by 5% to 10%, ” he added.

The number of COOs issued for Penang and the northern region of the peninsula increased by about 10 percent to 25,640 in the first quarter compared with the same period in 2010. “The value of goods exported from Penang and the northern region during this period also inc rea sed to RM4bil.

“Goods exported to Europe include gloves, mixed alcohol products and jet fuel while to Asian countries, the goods include palm oil products, polyethylene and chemical products as wel l as LCD televisions,” he said.

The number of COOs issued for companies in Malaysia exporting to Europe and Asia-Pacific has risen to 509,897 in 2 010 from 346, 223 in 2007.

The value of exports has also increased to RM102bil from RM64bil during that period. “The increase shows that more Malaysian -based exporters are becoming aware of the benefits of the free trade agreements (FTA) that Malaysia has w ith other Asian countries.

“It also reflects the rising number of FTAs signed between 2007 and 2010,” Rizal added. Currently, Malaysia has implemented six multilateral FTAs for the Asia-Pacific region, and three bilateral economic partnership agreements with Japan, Pakistan and New Zealand.

Rizal said to facilitate the COOs, the ministry had introduced electronic prefere ntial certifica te of origins (EPCO) last October to allow online application for COOs by Malaysia-based exporters.

“The EPCO shortens the processing period for COO applications to less th a n five working days from nine,” he said.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

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

Today's  Stories    27  April 2011 Subsribe Now !
• Pimco bullish on Asia Subcribe: Asean Affairs Global Magazine
• Indonesia prepares for inflation Asean Affairs Premium
• Indonesia Shouldn’t Renegotiate China FTA
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• FTAs boost Malaysia exporters    
• Yudhoyono: engage China on maritime dispute

• Malaysian currency to reach 2.93 per US$ soon

• Thai business wants border battles stopped

• Lao dam threatens Mekong Delta p

Asean Analysis    27  April 2011

Advertise Your Brand
• More than termites eat up cash in Asia Sponsor Our Events

Asean Stock Watch    27  April 2011

• Asean markets will see a good rally today p

Global News Impacting Asia    17 November 2010


• Bank of America sees Asian inflation


• Lloyd’s increases insurance push in Malaysia


• Wells Fargo analyst on euro


• Obama’s visit to Asia


ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


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 © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand