MALAYSIA-SAUDI ARABIA COOPERATION ON … Weekly...RM mil. No. of Certificate of Origin ASEAN-China Free Trade Agreement (ACFTA) Total FOB (RM mil.) Total CO 0 200 400 600 800 1,000

MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

On 27 February 2017, a Memorandum of Understanding (MoU) was signed by Dato’ Sri Mustapa Mohamed, the Minister of International Trade and Industry and Dr. Ibrahim Abdulaziz Al-Assaf, State Minister of Saudi Arabia, on behalf of the country’s Ministry of Commerce and Investment. The MoU aims to promote cooperation in trade and investment, particularly in five key areas namely healthcare, construction, education, small and medium enterprises (SMEs) and Halal industry. The cooperation between the two governments as outlined under the MoU will cover exchange of information and experience, visits involving experts and professional as well as to host seminar and meeting sessions to further promote opportunities available in respective countries. The two countries have also agreed to form a Working Committee under the Malaysia-Saudi Arabia Joint Commission Meeting tasked to identify and improve understanding on trade and investment issues related to both countries as well as develop cooperation programmes to further enhance our economic ties. On the formation of the working group, Dato’ Sri Mustapa Mohamed said, “This is step forward that we hope will result in more trade between our two countries and further diversification in imports and exports. Among key areas which we hope to benefit from a more diversified trade include services, digital economy and tourism sector. Our officials will be tasked to go into details on what products and services could be further promoted.” Malaysia and Saudi Arabia continue to enjoy a strong bilateral relation. In 2016, total trade between our countries was RM14 billion, an increase of 27.8% from the year before. Our exports amounted to RM3.4 billion while our imports stood at RM10.6 billion. Meanwhile on investment front, Malaysia has a strong presence in Saudi Arabia’s construction sector with 19 contracts worth RM18.5 billion awarded to Malaysian companies. “We would like to thank the Saudi government for the facilitation given to Malaysian companies and hope that it will continue as our companies continue to participate in the Saudi’s National Transformation Program 2020 and the Vision 2030”, Dato’ Sri Mustapa added.

MALAYSIA-SAUDI ARABIA COOPERATION ON TRADE AND INVESTMENT

Ministry of International Trade and Industry, Malaysia27 February 2017



162.

9

163.

0

174.

9

184.

6

161.

5

162.

6

172.

2

189.

7

33.2

32.3

34.1

35.5

34.6

35.3

34.8

36.0

11.4

15.5

9.6

12.3

10.8

12.9

9.7

12.9

2.4

2.8

3.2

3.5

3.5

3.8

4.0

4.5

0

50

100

150

200

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2015 2016

RM bi

llion

Goods Services Primary income Secondary Income

MALAYSIA Current Account Components in

Balance of Payments (BOP), Q1 2015 - Q4 2016

Exports

Imports

Net Exports

Source : Department of Statistics, Malaysia

135.

2

139.

4

147.

7

153.

5

138.

0

142.

8

145.

7

158.

3

36.7

37.3

40.1

41.9

41.5

39.9

39.9

42.0

19.1

20.1

20.2

21.4

17.4

21.2

20.5

21.9

7.5

8.7

9.0

8.6

8.5

8.9

8.6

8.6

0

50

100

150

200

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

2015 2016

RM bi

llion


27.7

23.6 27

.2 31.1

23.5

19.8 26

.5 31.4

-3.5

-5.0

-6.0

-6.4

-6.8 -4.6

-5.1

-6.0

-7.7 -4

.6

-10.6 -9

.1 -6.7

-8.2

-10.8 -9

.0-5.1

-5.9

-5.9

-5.0

-4.9

-5.1

-4.6

-4.1

-15

0

15

30

45

RM bi

llion


Q1 Q2 Q1 Q2Q3 Q4 Q3 Q42015 2016



Trade in Services by Components, 2016Travel Transport Telecommunications, computer

and information services

Insurance and pension services

Exports: RM70.1 bilGrowth: 2.4%

Imports: RM41.5 bilGrowth: 0.7%

Exports: RM16.0bilGrowth: 2.0%

Imports: RM40.0bilGrowth: -2.5%

Exports: RM9.9 bilGrowth: -4.8%




Manufacturing services on physical inputs owned by others Construction


Imports: RM10.5 bilGrowth: -0.8%

Financial services



Personal, cultural and recreational services

Exports: RM1.5 bilGrowth: -0.3%


Exports: RM0.4bilGrowth: -1.2%


Exports: RM1.5bilGrowth: 6.5%

Exports: RM1.4bilGrowth: -4.4%

Imports: RM3.3bilGrowth: -4.6%

Imports: RM5.5bilGrowth: 12.5%





Maintenance and repair services n.i.e.

Charges for the use of intellectual property n.i.e.

Government goods and services n.i.e. Other business services




Consumer Price Index, Jan 2017Jan 2016 Jan 2017

Index Number114.5

Percentage change3.5%

Index Number118.2

Percentage change3.2%

8.3

4.0

3.2

2.52.1 2.0 1.9

1.5 1.4

0.2-0.2 -0.7

-2

0

2

4

6

8

10

Trans

port

Food

&No

n-Alco

holic

Beve

rages

Recre

ation

Servi

ces &

Cultu

re

Healt

h

Resta

urants

&Ho

tels

Educ

ation

Hous

ing, W

ater,

Elec

tricity

, Gas

&Ot

her F

uels

Furni

shing

s,Ho

useh

old Eq

uipme

nt &

Rou

tine H

ouse

hold…

Misc

ellan

eous

Goo

ds &

Servi

ces

Alcoh

olic

Beve

rages

&To

bacc

o

Comm

unica

tion

Clothi

ng &

Footw

ear

%

Year on Year Percentage Change by Main Groups, Jan 2017

Five sub-group Recorded Higher Increasesfor Food & Non-Alcoholic Beverages, Jan 2017

Oils & Fats37.9%

Food Away from Home3.6%

Vegetables7.8%

Fruits2.1%

Fish & Seafood6.1%




International ReportIndonesia Trade Performance, January 2017

Indonesia’s Trade Surplus/Deficit , 2014 - Jan 2017

Exports USD13.38b 27.21%

Source: Statistics Indonesia

12.54 14.93 17

.68 20.7

17.24

18.09 20

.84 27.61 33

.11

31.76

29.1

27.66

16.55

18.12

21.48

24.18

23.02

29.39

35.11

31.1

27.94

27.73

31 29.43

29.0933.05

39.1644.88

40.25

47.48

55.9558.7 61.05 59.49 60.1

57.09

0

10

20

30

40

50

60

70

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

RM b

illion

Exports Imports Total Trade


Malaysia’s Trade with Indonesia, 2005-2016

ImportsUSD11.99b 14.54%

Total TradeUSD25.37b 21.10%

USD million

Note: % : Year on Year growth



0

20

40

60

80

100

120

140

160

0

20

40

60

80

100

120

140

160

4 D

ec

11 D

ec

18 D

ec

25 D

ec

1 Ja

n

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Generalised System of Preferences (GSP)

Total FOB (RM mil.) Total CO

Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.

Source: Ministry of International Trade and Industry, Malaysia

Number and Value of Preferential Certificates of Origin (PCOs)

0

1,000

2,000

3,000

4,000

5,000

6,000

0

200

400

600

800

1,000

1,200

1,4004

Dec

11 D

ec

18 D

ec

25 D

ec

1 Ja

n

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN Trade in Goods Agreement (ATIGA)


0

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

0

500

1,000

1,500

2,000

2,500

3,000

4 D

ec

11 D

ec

18 D

ec

25 D

ec

1 Ja

n

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-China Free Trade Agreement (ACFTA)


0

200

400

600

800

1,000

1,200

0

500

1,000

1,500

2,000

2,500

4 D

ec

11 D

ec

18 D

ec

25 D

ec

1 Ja

n

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-Korea Free Trade Agreement (AKFTA)


0

50

100

150

200

250

300

350

0

50

100

150

200

250

4 D

ec

11 D

ec

18 D

ec

25 D

ec

1 Ja

n

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)


0

100

200

300

400

500

600

700

800

0

50

100

150

200

250

300

350

4 D

ec

11 D

ec

18 D

ec

25 D

ec

1 Ja

n

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-India Free Trade Agreement (AIFTA)


0

200

400

600

800

1,000

1,200

0

50

100

150

200

250

300

4 D

ec

11 D

ec

18 D

ec

25 D

ec

1 Ja

n

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)


Note: * Provisional data



Number and Value of Preferential Certificates of Origin (PCOs)

Source: Ministry of International Trade and Industry, Malaysia

0

200

400

600

800

1,000

1,200

0

50

100

150

200

2504

Dec

11 D

ec

18 D

ec

25 D

ec

1 Ja

n

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Japan Economic Partnership (MJEPA)


0

50

100

150

200

250

0

10

20

30

40

50

60

70

80

90

100

4 D

ec

11 D

ec

18 D

ec

25 D

ec

1 Ja

n

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Pakistan Closer Economic Partnership (MPCEPA)


0

2

4

6

8

10

12

14

16

0.0

0.1

0.2

0.3

0.4

0.5

0.6

0.7

4 D

ec

11 D

ec

18 D

ec

25 D

ec

1 Ja

n

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)


0

10

20

30

40

50

60

70

80

0

2

4

6

8

10

12

4 D

ec

11 D

ec

18 D

ec

25 D

ec

1 Ja

n

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-China Free Trade Agreement (MCFTA)


0

50

100

150

200

250

300

350

400

450

0

10

20

30

40

50

60

4 D

ec

11 D

ec

18 D

ec

25 D

ec

1 Ja

n

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)


0

100

200

300

400

500

600

0

10

20

30

40

50

60

4 D

ec

11 D

ec

18 D

ec

25 D

ec

1 Ja

n

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Australia Free Trade Agreement (MAFTA)


0

50

100

150

200

250

300

0

100

200

300

400

500

600

700

4 D

ec

11 D

ec

18 D

ec

25 D

ec

1 Ja

n

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Turkey Free Trade Agreement (MTFTA)


Note: * Provisional data



Source : Bank Negara, Malaysia

Malaysian Ringgit Exchange Rate with Selected Countries,January 2016 - January 2017

US Dollar

Canadian Dollar

New Zealand Dollar

Swiss Franc

Saudi Riyal

Myanmar Kyat

4.3481

4.4596

3.60

3.70

3.80

3.90

4.00

4.10

4.20

4.30

4.40

4.50

4.60

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan

2016 2017

RM

USD 1 = RM

3.06

3.38

2.80

2.90

3.00

3.10

3.20

3.30

3.40

3.50


2016 2017

RM

CAD 1 = RM

2.84

3.17

2.40

2.50

2.60

2.70

2.80

2.90

3.00

3.10

3.20

3.30


2016 2017

RM

NZD 1 = RM

4.32

4.42

3.80

3.90

4.00

4.10

4.20

4.30

4.40

4.50


2016 2017

RM

CHF 1 = RM

115.89

118.90

95.00

100.00

105.00

110.00

115.00

120.00

125.00


2016 2017

RM

SAR 100 = RM

0.337

0.330

0.315

0.320

0.325

0.330

0.335

0.340

0.345

0.350


2016 2017

RM

MMK 100 = RM



Commodity Prices

Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group.

CRUDE PETROLEUM (BRENT)-per bbl-

24 Feb 2017 : US$56.0, 0.3%*

Average Pricei : 2016: US$45.3 2015: US$53.6

CRUDE PALM OIL-per MT-

24 Feb 2017 : US$779.5, 3.4%*Average Pricei : 2016: US$702.2 2015: US$616.9

RUBBER SMR 20-per MT-

24 Feb 2017 : US$2,059.5, 5.7%*

Average Pricei : 2016: US$1.394.5 2015: US$1.364.3

COAL -per MT-24 Feb 2017 : US$44.1, unchangedAverage Pricei : 2016: US$45.6 2015: US$49.9

COCOA SMC 2-per MT-

24 Feb 2017 : US$1,473.2, 2.0%*

Average Pricei : 2016: US$1,609.8 2015: US$2,077.0

SCRAP IRON HMS-per MT-

26 Feb 2017 : US310.0 (high), 3.1% US$290.0 (low), unchangedAverage Pricei : 2016: US$243.2 2015: US$239.6

HIGHEST and LOWEST 2016/2017

Highest 6 Jan 2017 : US$57.1 30 Dec 2016 : US$56.8

Lowest

13 Jan 2017 : US$55.5

15 Jan 2016 : US$28.9

Crude Petroleum

(Brent)-per bbl-

Highest 20 Jan 2017 : US$843.0 30 Dec 2016 : US$797.5

Lowest

15 Jan 2016 : US$545.5 13 Jan 2017 : US$798.8

Crude Palm Oil -per MT-

Domestic Prices26 February 2017

Steel Bars(per MT)

RM2,150 – RM2,300

Billets(per MT)

RM1,950 – RM2,050

SUGAR -per lbs-24 Feb 2017 : US¢ 19.8, 2.2%*

Average Pricei : 2016: US¢18.2 2015: US¢13.2



Commodity Price Trends

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.

776.0

786.0789.5

797.5 798.8

812.5

843.0

835.0

810.0807.0

807.0

779.5

740

760

780

800

820

840

860

9 Dec 16 Dec 23 Dec 30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 Feb 10 Feb 17 Feb 24 Feb

US$

/mt

Crude Palm Oil

1,770.5

1,729.0

1,653.4

1,585.01,566.0

1,609.81,596.3

1,506.6

1,715.8

1,485.71,473.4

1,502.9

1,473.2

1,300

1,350

1,400

1,450

1,500

1,550

1,600

1,650

1,700

1,750

1,800

2 Dec 9 Dec 16 Dec 23 Dec 30 Dec 6 Jan 13 Jan 20 Jan 27 Jan 3 Feb 10 Feb 17 Feb 24 Feb

US$

/mt

Cocoa

19.2

18.2 18.2

19.5

20.820.5

20.220.3

21.1

20.420.3

19.8

16.0

16.5

17.0

17.5

18.0

18.5

19.0

19.5

20.0

20.5

21.0

21.5


US¢

/lbs

Sugar

1,800.5

2,102.0

1,956.5 1,970.0

1,995.0

2,228.5

2,166.0

2,303.0

2,221.02,193.0

2,183.0

2,059.5

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

2,300

2,400


US$

/mt

Rubber SMR 20

6,900 7,088 7,113

7,281

6,917 6,851 6,730 6,337

6,085 5,965

4,516

3,984

4,366

4,642

3,500

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500

8,000

8,500

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

2016 2017

USD

/ to

nne

Black Pepper

* until 24 February 2017



Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.


44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1 44.1

43.5

43.6

43.7

43.8

43.9

44.0

44.1

44.2


US$

/mt

Coal

1,481

1,531 1,531

1,571 1,551

1,591

1,629 1,641

1,589

1,663

1,737 1,728

1,790

1,400

1,450

1,500

1,550

1,600

1,650

1,700

1,750

1,800

1,850


2016 2017

US$

/ to

nne

Aluminium

4,472

4,599

4,954 4,873

4,695 4,633

4,865

4,759 4,716 4,726

5,451

5,660 5,743

4,000

4,200

4,400

4,600

4,800

5,000

5,200

5,400

5,600

5,800

6,000


2016 2017

US$

/ to

nne

Copper

8,507 8,299

8,717 8,879

8,660

8,906

10,263 10,366

10,176 10,251

11,129 10,972

9,975

7,000

7,500

8,000

8,500

9,000

9,500

10,000

10,500

11,000

11,500


2016 2017

US$

/ to

nne

Nickel

51.551.9

53.053.7 54.0

52.4 52.453.2

53.8 53.953.4

54.0

54.355.2 55.2

56.8 57.1

55.5 55.5 55.5

56.8 56.755.8 56.0

40

42

44

46

48

50

52

54

56

58

60


US$

/bbl

Crude Petroleum

Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl



927.0

906.0 905.0 903.0

961.0973.0

965.0 967.0

994.0 995.0

1,012.0

1,029.0

800.0

850.0

900.0

950.0

1,000.0

1,050.0


US$

/oz

Platinum


Sources: Ministry of International Trade and Industry Malaysia, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.

290.0295.0

300.0 300.0 300.0

320.0 320.0 320.0 320.0 320.0 320.0

310.0

270.0

280.0285.0 285.0

290.0 290.0 290.0 290.0 290.0 290.0 290.0 290.0

150

170

190

210

230

250

270

290

310

330

350

11 Nov 18 Nov 25 Nov 2 Dec 19 Dec 23 Dec 6 Jan 16 Jan 3 Feb 13 Feb 17 Feb 26 Feb

US$

/mt

Scrap Iron

Scrap Iron/MT (High) Scrap Iron/MT(Low)

42.0

47.0

56.0

61.0

55.052.0

57.0

61.058.0 59.0

73.0

80.0 80.0

30.0

40.0

50.0

60.0

70.0

80.0

90.0


2016 2017

US$

/dm

tu

Iron Ore

17.0

16.1

15.8

16.216.4

16.7

17.0

16.8

17.5

17.7

18.0

18.4

14.0

14.5

15.0

15.5

16.0

16.5

17.0

17.5

18.0

18.5

19.0


US$

/ozSilver

37.4

36.4 36.4

36.8

37.8

38.3 38.6

38.1

39.1

39.5

39.9

40.3

34.0

35.0

36.0

37.0

38.0

39.0

40.0

41.0


US$

/oz

Gold



Malaysia-Saudi MoU on Trade and Investment , 27 February 2017MITI Programme



YB Dato’ Sri Mustapa Mohamed Visited Decathlon’s Premise at Bandar Sri Damansara, 23 Februari 2017

MITI Programme



MITI Programme

Majlis Menandatangani Ikrar Bebas Rasuah, 27 February 2017



IKRAR BEBAS RASUAH (IBR) (Corruption Free Pledge)

Saya, adalah dengan sesungguhnya dan suci hati berikrar bahawa sepanjang

perkhidmatan saya dengan Kementerian Perdagangan Antarabangsa dan Industri,:

i. Saya akan mematuhi sepenuhnya undang-undang, peraturan, prosedur serta

dasar-dasar Negara yang berkaitan dengan pencegahan jenayah rasuah dan salah

guna kuasa;

ii. Saya akan membenci dan menolak sebarang bentuk jenayah rasuah dan

salah guna kuasa, serta memberikan kerjasama sepenuhnya kepada Suruhanjaya

Pencegahan Rasuah Malaysia dalam mencegah sebarang perlakuan jenayah

rasuah dan salah guna kuasa;

iii. Saya tidak akan melibatkan diri dalam sebarang bentuk jenayah rasuah dan

salah guna kuasa, sama ada secara langsung atau tidak langsung, dengan mana-

mana pihak yang berurusan dengan Kementerian Perdagangan Antarabangsa dan

Industri;

iv. Saya akan memastikan kakitangan-kakitangan di bawah seliaan saya tidak akan

melibatkan diri dalam sebarang bentuk jenayah rasuah dan salah guna kuasa dalam

apa-apa jua urusan berkaitan dengan Kementerian Perdagangan Antarabangsa dan

Industri; dan

v. Saya akan melaporkan kepada Suruhanjaya Pencegahan Rasuah Malaysia,

dengan seberapa segera, sebarang bentuk perlakuan jenayah rasuah dan salah

guna kuasa yang melibatkan saya atau kakitangan-kakitangan di bawah seliaan

saya.



ANNOUNCEMENT

Anugerah Kecemerlangan Industri 2016

Asia Pacific’s Premier Maritime and Aerospace Showcase 2017

MEDIA RELEASETHE ESTABLISHMENT OF THE DIGITAL FREE TRADE ZONE (DFTZ)

The Ministry of International Trade and Industry (MITI) would like to respond to the media reports by The Star, Bernama and Utusan Malaysia dated on 20 February 2017 referring to the statement made by YB Datuk Seri Ong Ka Chuan, Second International Trade and Industry Minister on tax exemption for goods purchased through eCommerce transactions. MITI would like to emphasise that no decision has been made with regards to revision of the existing De Minimis threshold from the current rate of RM500 on goods purchased through eCommerce. Any announcement in relation to the Digital Free Trade Zone (DFTZ) will be made by the respective ministry and agencies concerned.

Ministry of International Trade and Industry (MITI)



MITI @ Your ServiceStrategic

Negotiations

Mohammad Sanusi Abdul KarimSenior Director

Syahril Syazli GhazaliDirector Wan Wadrina Wan Abdul Wahab

Senior Principal Assistant Director

Lim Chee HauSenior Principal

Assistant Director

Suresh a/l Kaliyana Sundram

Senior Principal Assistant Director

Sara Hani Mohd ZinSenior Assistant DirectorHazilah Argadan

PA to DirectorMohd Rifaat HussinAssistant Director

Email: [email protected]



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Documents

MALAYSIA-SAUDI ARABIA COOPERATION ON … Weekly...RM mil. No. of Certificate of Origin ASEAN-China Free Trade Agreement (ACFTA) Total FOB (RM mil.) Total CO 0 200 400 600 800 1,000