Minister of International Trade and Industry Mustapa Mohamed (Source :.thestar.com.my)
Kuala Lumpur (VNA) – Malaysia will form a national committee to monitor and facilitate the overall implementation of the Trans-Pacific Partnership (TPP) agreement, Minister of International Trade and Industry Mustapa Mohamed said on March 15.
The committee will comprise representatives of ministries and government agencies involved in the trade agreement. An independent consultative committee will also be established to gather feedback and assess the impact of TPP implementation, from time to time.
The consultative committee will be made up of representatives from industrial sectors, commercial chambers, small and medium enterprises, non-governmental organisations and various other local stakeholders.
Mustapa said the Government remains committed to ensuring that Malaysia will be able to take full advantage of the opportunities and mitigate the challenges that the TPP will bring.
The minister expressed his hope that the formation of the committees will help Malaysia achieve such targets.
He said the country will need to amend some laws concerning three main areas: the rules of origin, intellectual property rights and labour, in order to ensure the country is in a position to meet the obligations stipulated under the TPP.
Malaysia and the other 11 member countries including the US, Australia, Brunei, Canada, Chile, Japan, Mexico,New Zealand, Peru, Singapore, and Vietnam signed the TPP on February 4, 2016 in Auckland, New Zealand.
Each signatory country is currently completing domestic procedures to ratify the agreement.-VNA
The Trans-Pacific Partnership (TPP) will boost Malaysia’s furniture exports as trade among member states, especially the US, increases, according to the Malaysia External Trade Development Corporation
Malaysia’s exports totaled 61.9 billion RM (over 15.2 billion USD) in January, down 2.8 percent from the same month last year, according to the Ministry of International Trade and Industry.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Minister of International Trade and Industry Mustapa Mohamed (Source :.thestar.com.my)
