Market Highlights

Market Highlights

China: WTO Accession and ASEAN-CHINA Free Trade Agreement

Introduction China has undertaken various measures in the past to strengthen its economy. A major expansion of China’s global economic influence happened in 2001 when China took its first initiative to liberalize its traditional economy and become a member of the World Trade Organisation (WTO)...

Free trade agreement with Eurasian Economic Union: Prospects for Malaysia

Following the establishment of an FTA with Vietnam, the EAEU signed FTA agreements with Serbia and Singapore[1]. First we must have an overall picture of the Eurasian Economic Union (EAEU).  This is an international organization for regional economic integration. It provides for free movement o...

Palm Oil Expansion in North America

FTAs in North America US, Mexico and Canada finalized a new trade agreement known as United States-Mexico-Canada Agreement (USMCA) that came into force on July 1, 2020. The USMCA replaced the North American Free Trade Agreement (NAFTA) signed in 1994 which was a trilateral trade bloc of the thr...

India’s Tryst with Trade Agreements

Globalization has seen the world become a neighborhood, impacting businesses in myriad ways. It allows easy access to goods and services from the best source, keeping costs down, and providing freer and cheaper access to consumers, trade and industry.  With the world having shrunk, there is glo...

Trade Agreement with African Nations to boost Malaysian Market Share in Sub-Saharan Africa

Introduction Trade agreements are an excellent way to strengthen relationship between countries especially on the economic ties which gives each other market access to various products.  There are several trade agreements / treaties in place for many years among African countries to encourage A...

Trade Opportunities within North and East Africa through Regional Trade Agreements

There is no direct trade agreement that exists between Malaysia and the major consuming countries in North and East Africa region, however, there are several agreements among the consuming countries in the region that can significantly benefit the Malaysian palm oil industry List of Trade agreements...

Enhancing Malaysian Palm Oil Trade with ECOWAS

In 2019, Malaysian total trade with countries in Sub-Saharan Africa totalled RM26.780 billion. The trade favoured Malaysia with a trade surplus of RM3.846 billion last year. South Africa, Nigeria, Ivory Coast, and Ghana are among Malaysia’s top trading partners and export destinations. Accordi...

Trade agreements & their impact on commodity trade

The impact of trade agreements on enhancement of trade flows is undeniable. These agreements or treaties are signed between two trading nations or among regional trading partners to lower trade barriers by reducing or removing tariffs, thus enhancing free flow of trade and giving preference to each ...

Leveraging on Malaysia – Turkey Free Trade Agreement for Strategic Market Access in the Region

Malaysia – Turkey Free Trade Agreement (MTFTA) was signed by YB. Dato’ Sri Mustapa Mohamed Minister of International Trade and Industry, Malaysia, and Hon. Nihat Zeybekci, Minister of Economy of The Republic of Turkey on 17 April 2014 in Ankara, Turkey, after nine rounds of negotiations. The a...

Trade agreement with Nigeria, an avenue Malaysia should explore

Sub-Saharan Africa has been touted as the new frontier for the palm oil sector, and with good reasons. The region consumed an estimated 10.3 million MT of oils and fats in 2019. In addition, palm oil held a consumption share of 69% in the same year. Furthermore, the region’s population of 1 billion ...

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