Cost-benefit Analysis on TPP Due in a Few Days Weekly... · Source : Department of Statistics,...

21
A cost-benefit analysis of the Trans- Pacific Partnership (TPP) deal will be ready soon, according to Malaysia’s International Trade and Industry Minister Mustapa Mohamed.The US-initiated TPP covers nearly 40 per cent of the global economy and includes 12 countries. A meeting was recently held in Hawaii by delegations and while progress has been made on the negotiations, several key issues, including next-generation drugs, autos land dairy products, remain on the table. Mustapa said the analysis, done by PricewaterhouseCoopers and the Institute of Strategic and International Studies Malaysia, would be ready in the next few days. The analysis focuses on national and overall interests. He said the final document, together with the two cost-benefit analyses, would be presented to the public and Parliament once completed.“The agreement is so controversial, that is why we are doing the analysis. We believe Malaysia will benefit from it, but it’s subject to the Parliament’s decision. “We have made a commitment to the public that we would do a cost- benefit analysis and it’s almost done. We will continue to engage with various stakeholders, and of course, there might be amendments to some laws,” Mustapa added. He noted that negotiations were ongoing without any conclusions, with the earliest for the talks to be concluded at the end of 2017 or early-2018.“There had been Source :The Natrion, 17 August 2015 expectations that the negotiations would be substantially concluded by the end of July in Hawaii, but that did not happen. We don’t know when this will happen. I cannot say with any degree of certainty it will happen,” Mustapa said. He said he believed that the trade pact, considered a “gold-standard” agreement, would be beneficial for the country’s trade and investment.Malaysia has concluded negotiations with most of the TPP countries, who, in turn, have agreed to provide good market access opportunities to Malaysia. This would allow local products better access to countries Malaysia does not have free trade agreements with, namely, the United States, Canada, Mexico and Peru. Mustapa said this would, in turn, give a competitive advantage to Malaysian exports such as electrical and electronic products, chemical products, palm oil products, rubber products, wood products, textiles as well as automotive parts and components. On intellectual property rights, Malaysia will ensure that the public will continue to have access to affordable drugs and health care while providing the necessary incentives to innovators to produce new drugs.Points of concern in the TPP talks for Malaysia include exemptions for state- owned enterprises for entities such as Khazanah Nasional and Petroliam Nasional, as well as government procurement policy and data protection for biologics such as gene therapies and vaccines. MITI in the News Cost-benefit Analysis on TPP Due in a Few Days MITI Weekly Bulletin / www.miti.gov.my “DRIVING Transformation, POWERING Growth”

Transcript of Cost-benefit Analysis on TPP Due in a Few Days Weekly... · Source : Department of Statistics,...

Page 1: Cost-benefit Analysis on TPP Due in a Few Days Weekly... · Source : Department of Statistics, Malaysia MITI Weekly Bulletin / GDP by Type of Expenditure Q2 2015 Services RM138.6

A cost-benefit analysis of the Trans-Pacific Partnership (TPP) deal will be ready soon, according to Malaysia’s International Trade and Industry Minister Mustapa Mohamed.The US-initiated TPP covers nearly 40 per cent of the global economy and includes 12 countries.

A meeting was recently held in Hawaii by delegations and while progress has been made on the negotiations, several key issues, including next-generation drugs, autos land dairy products, remain on the table. Mustapa said the analysis, done by PricewaterhouseCoopers and the Institute of Strategic and International Studies Malaysia, would be ready in the next few days.

The analysis focuses on national and overall interests. He said the final document, together with the two cost-benefit analyses, would be presented to the public and Parliament once completed.“The agreement is so controversial, that is why we are doing the analysis. We believe Malaysia will benefit from it, but it’s subject to the Parliament’s decision.

“We have made a commitment to the public that we would do a cost-benefit analysis and it’s almost done. We will continue to engage with various stakeholders, and of course, there might be amendments to some laws,” Mustapa added. He noted that negotiations were ongoing without any conclusions, with the earliest for the talks to be concluded at the end of 2017 or early-2018.“There had been

Source :The Natrion, 17 August 2015

expectations that the negotiations would be substantially concluded by the end of July in Hawaii, but that did not happen. We don’t know when this will happen. I cannot say with any degree of certainty it will happen,” Mustapa said.

He said he believed that the trade pact, considered a “gold-standard” agreement, would be beneficial for the country’s trade and investment.Malaysia has concluded negotiations with most of the TPP countries, who, in turn, have agreed to provide good market access opportunities to Malaysia.

This would allow local products better access to countries Malaysia does not have free trade agreements with, namely, the United States, Canada, Mexico and Peru.Mustapa said this would, in turn, give a competitive advantage to Malaysian exports such as electrical and electronic products, chemical products, palm oil products, rubber products, wood products, textiles as well as automotive parts and components.

On intellectual property rights, Malaysia will ensure that the public will continue to have access to affordable drugs and health care while providing the necessary incentives to innovators to produce new drugs.Points of concern in the TPP talks for Malaysia include exemptions for state-owned enterprises for entities such as Khazanah Nasional and Petroliam Nasional, as well as government procurement policy and data protection for biologics such as gene therapies and vaccines.

MITI in the News Cost-benefit Analysis on TPP Due in a Few Days

MITI Weekly Bulletin / www.miti.gov.my

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

Page 2: Cost-benefit Analysis on TPP Due in a Few Days Weekly... · Source : Department of Statistics, Malaysia MITI Weekly Bulletin / GDP by Type of Expenditure Q2 2015 Services RM138.6

MALAYSIA Gross Domestic Product (GDP)

Q1 2012 - Q2 201523

5.0

239.

6

245.

2

251.

5

241.

9

245.

1

258.

3

273.

5

266.

1

272.

3

278.

8

289.

4

277.

2

283.

2

217.

2

223.

4

232.

1

239.

6

226.

6

233.

6

243.

6

251.

5

240.

8

248.

8

257.

2

265.

8

254.

4

261.

1

7.66.9

6.0 5.6

2.92.3

5.4

8.8

10.0

11.1

7.9

5.84.2

4.0

5.1 5.2 5.0

6.5

4.34.6

4.9 5.0

6.3

6.5

5.6

5.7 5.64.9

0.0

2.0

4.0

6.0

8.0

10.0

12.0

0.0

50.0

100.0

150.0

200.0

250.0

300.0

350.0

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

GDP (RM mil.) Growth (%)

2012 2013 2014 2015

Current Prices

Constant PricesY-o-Y Growth at Current Prices

Y-o-Y Growth at Constant Prices

Source : Department of Statistics, Malaysia MITI Weekly Bulletin / www.miti.gov.my

GDP by Type of Expenditure

Q2 2015

ServicesRM138.6 bil.

ManufacturingRM61.3 bil.

Mining and quarryingRM23.8 bil.

AgricultureRM23.0 bil.

ConstructionRM11.0 bil.

Plus Import Duties

RM3.4 bil.

GDP CompositionQ2 2015

RM261.1 bil.GDP at Constant

2010 prices

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

RM261.1 bil.GDP at Constant

2010 prices

RM134.9 bil. RM70.3 bil.

RM32.6 bil.

RM21.2 bil.RM2.2 bil.

Private consumption Gross fixed capital formationGovernment consumption Net ExportsChanges in inventories

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102.0 100.3

115.9

132.1

111.8

120.1

80

90

100

110

120

130

140

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

2014 2015

IndexMining Manufacturing Electricity

INDUSTRIAL PRODUCTION INDEX (IPI)Q2 2015

IPI120.8 4.3%

Manufacturing Index

128.4 , 4.1%

Mining Index

103.4, 5.7%

Electricity Index

122.4, 0.6%Notes: % refer to y-o-y growth

Source : Department of Statistics, Malaysia MITI Weekly Bulletin / www.miti.gov.my

RM12.0bil.

Monthly IPI by Sector, Jan. 2014 - Jun. 2015

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

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Source : Department of Statistics, Malaysia

Manufacturing Sector Performance

MITI Weekly Bulletin / www.miti.gov.my

Indicators, Jan - Jun 2015

Exports RM292.7 bil. (1.2%)

Imports RM285.1 bil. (-0.8%)

Manufacturing Index

125.7 (4.8%)

Employment1,024,200 persons

(-0.8%)

Salaries & WagesRM18.0 bil. (5.2%)

SalesRM325.7 bil. (0.3%)

Notes: % refer to y-o-y growth

46.0

48.0

50.0

52.0

54.0

56.0

58.0

60.0

Jan Feb Mar Apr May Jun

55.6

57.2

53.5

52.1

55.9 58.4

53.3

52.9 53.1

50.8 53.3

54.3

2015

RM billion

2014

Monthly Sales, Jan - Jun (2014/2015)

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

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114.

9

93.1

23.0

22.9

16.8

106.

4

98.2

24.1

23.3

17.3

0

50

100

150

Electrical &Electronics

Machinery &Equipment

TransportEquipment

Metal Textiles &Apparel I

RM m

illio

n

MITI Weekly Bulletin / www.miti.gov.mySource : Department of Statistics, Malaysia

320,019

125,763

99,676

85,319 79,189

Others*

Machinery & Equipment Transport Equipment MetalTextiles

& Apparel

Notes:Others include Chemicals Industry, Wood And Wood Products Industry, Rubber Products Industry, Processed Food And Beverages Industry, Non-Metallic Minerals Products Industry, Tobacco Products, Leather & Leather Products, Paper, Printing & Publishing, Scientific & Measuring Equipment, Animal Feed and Miscellaneous

Sales by Major Industry, Jan. - Jun. (2014/2015)

Employment by Industry, Q2 2015

7.37%

5.44%

4.60% 1.62%

20142015

2.65%

Notes: % refer to y-o-y growth

314,234 Electrical & Electronics

“DR

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ransformation, P

OW

ERIN

G G

rowth”

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Source: http://www.asean.org/resources/2012-02-10-08-47-55/asean-statistics/item/external-trade-statistics-3

Note: P- Preliminary Data

and You’

MITI Weekly Bulletin / www.miti.gov.my

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

ASEAN Trade, 2014p

Country Exports Imports TotalTrade

MITI’s ASEAN Portal can be accessed via http://www.miti.gov.my/cms/aec2015 .jsp.

SingaporeThailandMalaysiaIndonesiaViet NamPhilippinesCambodiaMyanmarBruneiLao PDR

409.8 227.6 234.2 176.3 148.1 61.8 10.7 11.0 10.6 2.6

366.2 228.0 208.9 178.2 145.7 67.8 19.0 16.2 3.6 2.7

776.0 455.5 443.1 354.5 293.8 129.6 29.7 27.3 14.2 5.4

Page 7: Cost-benefit Analysis on TPP Due in a Few Days Weekly... · Source : Department of Statistics, Malaysia MITI Weekly Bulletin / GDP by Type of Expenditure Q2 2015 Services RM138.6

International Repor tMAIN INDICATORS OF THE SINGAPORE ECONOMY

Q2 2015

MITI Weekly Bulletin / www.miti.gov.mySource:https://www.mti.gov.sg/ResearchRoom/SiteAssets/Pages/Economic-Survey-of-Singapore-Second-Quarter-2015/MainIndicators_2Q2015.pdf

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

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Source:UNWTO Tourism Highlights, 2015 Edition.

MITI Weekly Bulletin / www.miti.gov.my

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

Page 9: Cost-benefit Analysis on TPP Due in a Few Days Weekly... · Source : Department of Statistics, Malaysia MITI Weekly Bulletin / GDP by Type of Expenditure Q2 2015 Services RM138.6

Source: Bureau of Economic Analysis

MITI Weekly Bulletin / www.miti.gov.my

Indonesia's Investment Performance, 1H/2015Largest Foreign Investor

Malaysia$2.5 billion

406 projectsSingapore $2.3 billion

1,338 projects

Japan$1.5 billion

989 projects

Investment from Malaysia by Sector, Q2 2015

• Telecommunication : $2.13 bil.• Construction: $261.8 mil.• Plantation: $86.3 mil. • Electricity, gas & water supply: $27.5 mil. • Metal, machinery & electronic: $22.4 mil. • Food: $21.2 mil. • Real estate, industrial estate & business activities: $16.0 mil.• Trade and repair: $10.5 mil.

Source : indonesia Investment Coordinating Board

Economic Indicators2015

Jan Feb Mar Apr May Jun

Inflation Rate(%) -0.09 -0.03 -0.07 -0.20 -0.04 -0.12

Consumer PriceIndex

233.7 234.7 236.1 236.6 237.8 238.6

UnemploymentRate (%)

5.7 5.5 5.5 5.4 5.5 5.3

Gross Domestic Product (%) -

quarterly basis

2.2 2.2 0.2 -0.7 -0.2 2.3GDP Q4/2014

SecondGDP Q2Advance

GDP Q1/2015Advance

GDP Q1/2015Second

GDP Q1/2015Third

GDP Q4/2014Third

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

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“DR

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ransformation, P

OW

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rowth”

MITI Weekly Bulletin / www.miti.gov.my

DID YOU KNOW?The Countries That Eat Most Meat, 2013

Sources: http://www.statista.com/chart/3707/the-countries-that-eat-the-most-meat/

“DR

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ransformation, P

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rowth”

Page 11: Cost-benefit Analysis on TPP Due in a Few Days Weekly... · Source : Department of Statistics, Malaysia MITI Weekly Bulletin / GDP by Type of Expenditure Q2 2015 Services RM138.6

Selected Countries Exchange Rate Vs US DollarJanuary 2011 - 12 August 2015

Depreciate:

Source :http://www.x-rates.com/

3.06 3.18

3.60

3.74

3.91

2.50

2.70

2.90

3.10

3.30

3.50

3.70

3.90

4.10

Jan

Mar

May Ju

l

Sep

No

v

Jan

Mar

May Ju

l

Sep

No

v

Jan

Mar

May Ju

l

Sep

No

v

Jan

Mar

May Ju

l

Sep

No

v

Jan

Mar

May Ju

l

2011 2012 2013 2014 2015

Ringgit Malaysia Vs USD

MITI Weekly Bulletin / www.miti.gov.my

30.1

64.3

50.7

63.1

20.0

25.0

30.0

35.0

40.0

45.0

50.0

55.0

60.0

65.0

70.0

Jan

Mar

May Ju

l

Sep

No

v

Jan

Mar

May Ju

l

Sep

No

v

Jan

Mar

May Ju

l

Sep

No

v

Jan

Mar

May Ju

l

Sep

No

v

Jan

Mar

May Ju

l

2011 2012 2013 2014 2015

Russian Ruble vs USD

9,034.2

8,526.4

13,531.6

8,000.0

9,000.0

10,000.0

11,000.0

12,000.0

13,000.0

14,000.0

Jan

Mar

May Ju

l

Sep

No

v

Jan

Mar

May Ju

l

Sep

No

v

Jan

Mar

May Ju

l

Sep

No

v

Jan

Mar

May Ju

l

Sep

No

v

Jan

Mar

May Ju

l

2011 2012 2013 2014 2015

Indonesian Rupiah vs USD

45.4

63.9

40.0

45.0

50.0

55.0

60.0

65.0

70.0

Jan

Mar

May

Jul

Se

p

No

v

Jan

Mar

May

Jul

Se

p

No

v

Jan

Mar

May

Jul

Se

p

No

v

Jan

Mar

May

Jul

Se

p

No

v

Jan

Mar

May

Jul

2011 2012 2013 2014 2015

Indian Rupee Vs USD

5.86

5.56

7.56

8.25

5.00

5.50

6.00

6.50

7.00

7.50

8.00

8.50

Jan

Mar

May Ju

lSe

pN

ov Jan

Mar

May Ju

lSe

pN

ov Jan

Mar

May Ju

lSe

pN

ov Jan

Mar

May Ju

lSe

pN

ov Jan

Mar

May Ju

l

2011 2012 2013 2014 2015

Norwegian Krone vs USD

1.00 1.07

1.36

0.80

0.90

1.00

1.10

1.20

1.30

1.40

Jan

Mar

May Ju

lSe

pN

ov

Jan

Mar

May Ju

lSe

pN

ov

Jan

Mar

May Ju

lSe

pN

ov

Jan

Mar

May Ju

lSe

pN

ov

Jan

Mar

May Ju

l

2011 2012 2013 2014 2015

Australian Dolar vs USD

Page 12: Cost-benefit Analysis on TPP Due in a Few Days Weekly... · Source : Department of Statistics, Malaysia MITI Weekly Bulletin / GDP by Type of Expenditure Q2 2015 Services RM138.6

Selected Countries Exchange Rate Vs US DollarJanuary 2011 - 12 August 2015

Source :http://www.x-rates.com/

Depreciate:

“DR

IVIN

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ransformation, P

OW

ERIN

G G

rowth”

0.75

0.69

0.72

0.92

0.89

0.91

0.60

0.65

0.70

0.75

0.80

0.85

0.90

0.95

1.00

Jan

Mar

May Ju

lSe

pN

ov

Jan

Mar

May Ju

lSe

pN

ov

Jan

Mar

May Ju

lSe

pN

ov

Jan

Mar

May Ju

lSe

pN

ov

Jan

Mar

May Ju

l

2011 2012 2013 2014 2015

EURO vs USD

MITI Weekly Bulletin / www.miti.gov.my

30.53

29.07

32.48

35.13

25.00

27.00

29.00

31.00

33.00

35.00

37.00

Jan

Mar

May Ju

lSe

pN

ov

Jan

Mar

May Ju

lSe

pN

ov

Jan

Mar

May Ju

lSe

pN

ov

Jan

Mar

May Ju

lSe

pN

ov

Jan

Mar

May Ju

l

2011 2012 2013 2014 2015

Baht vs USD

206.1

281.50

150.0

170.0

190.0

210.0

230.0

250.0

270.0

290.0

Jan

Mar

May

Jul

Se

p

No

v

Jan

Mar

May

Jul

Se

p

No

v

Jan

Mar

May

Jul

Se

p

No

v

Jan

Mar

May

Jul

Se

p

No

v

Jan

Mar

May

Jul

2011 2012 2013 2014 2015

Hungarian Forint Vs USD

3.19

4.01

2.00

2.50

3.00

3.50

4.00

4.50

Jan

Fe

bM

ar

Ap

rM

ay

Jun

Jul

Au

gS

ep

Oct

No

vD

ec

Jan

Fe

bM

ar

Ap

rM

ay

Jun

Jul

Au

gS

ep

Oct

No

vD

ec

Jan

Fe

bM

ar

Ap

rM

ay

Jun

Jul

Au

gS

ep

Oct

No

vD

ec

Jan

Fe

bM

ar

Ap

rM

ay

Jun

Jul

Au

gS

ep

Oct

No

vD

ec

Jan

Fe

bM

ar

Ap

rM

ay

Jun

Jul

Au

g

2011 2012 2013 2014 2015

Romanian New Leu Vs USD

18.3

24.6

10.0

12.0

14.0

16.0

18.0

20.0

22.0

24.0

26.0

28.0

Jan

Mar

May Ju

l

Sep

No

v

Jan

Mar

May Ju

l

Sep

No

v

Jan

Mar

May Ju

l

Sep

No

v

Jan

Mar

May Ju

l

Sep

No

v

Jan

Mar

May Ju

l

2011 2012 2013 2014 2015

Czech Koruna Vs USD

2.88

3.79

2.00

2.20

2.40

2.60

2.80

3.00

3.20

3.40

3.60

3.80

4.00

Fe

b

Ap

r

Jun

Au

g

Oct

De

c

Fe

b

Ap

r

Jun

Au

g

Oct

De

c

Fe

b

Ap

r

Jun

Au

g

Oct

De

c

Fe

b

Ap

r

Jun

Au

g

Oct

De

c

Fe

b

Ap

r

Jun

Au

g

2012 2013 2014 2015

Polish Zloty vs USD

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rowth”

MITI Weekly Bulletin / www.miti.gov.my

Source : http://www.gold.org/investments/statistics/gold_price_chart/ Source : http://www.hardassetsalliance.com/charts/silver-price/usd/oz

Gold & Silver Prices, 10 April - 14 August 2015

16.5

15.3

14.0

14.5

15.0

15.5

16.0

16.5

17.0

17.5

18.0

10

Ap

r

17

Ap

r

24

Ap

r

29

Ap

r

8 M

ay

15

Ma

y

22

Ma

y

29

Ma

y

5 J

un

12

Ju

n

19

Ju

n

26

Ju

n

3 J

ul

10

Ju

l

16

Ju

l

24

Ju

l

31

Ju

l

7 A

ug

14

Au

g

US$/Oz Silver

38.8

36.0

34.0

35.0

36.0

37.0

38.0

39.0

40.0

10

Ap

r

17

Ap

r

24

Ap

r

29

Ap

r

8 M

ay

15

Ma

y

22

Ma

y

29

Ma

y

5 J

un

12

Ju

n

19

Ju

n

26

Ju

n

3 J

ul

10

Ju

l

16

Ju

l

24

Ju

l

31

Ju

l

7 A

ug

14

Au

g

US$/Gram Gold

Appreciate:Malaysia Ringgit Exchange Rate Vs Selected Countries

January 2011 - August 2015

6.75

6.11

4.00

4.50

5.00

5.50

6.00

6.50

7.00

Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul

2011 2012 2013 2014 2015

RM vs Indian Rupee

INR100/RM

3.71

3.14

2.502.702.903.103.303.503.703.904.104.30

Jan Mar

May Jul Sep

Nov Jan Mar

May Jul Sep

Nov Jan Mar

May Jul Sep

Nov Jan Mar

May Jul Sep

Nov Jan Mar

May Jul

2011 2012 2013 2014 2015

RM vs Japanese Yen

Source :Bank Negara, Malaysia

Page 14: Cost-benefit Analysis on TPP Due in a Few Days Weekly... · Source : Department of Statistics, Malaysia MITI Weekly Bulletin / GDP by Type of Expenditure Q2 2015 Services RM138.6

Source: Ministry of International Trade and Industry, Malaysia

AJCEP: ASEAN-Japan Comprehensive Economic Partnership (Implemented since 1 February 2009) ACFTA: ASEAN-China Free Trade Agreement (Implemented since 1 July 2003) AKFTA: ASEAN-Korea Free Trade Agreement (Implemented since 1 July 2006)

AANZFTA: ASEAN-Australia-New Zealand Free Trade Agreement(Implemented since 1 January 2010)

AIFTA: ASEAN-India Free Trade Agreement (Implemented since 1 January 2010)

ATIGA: ASEAN Trade in Goods Agreement (Implemented since 1 May 2010)

MICECA: Malaysia-India Comprehensive Economic Cooperation Agreement (Implemented since 1 July 2011)

MNZFTA: Malaysia-New Zealand Free Trade Agreement (Implemented since 1 August 2010)MCFTA: Malaysia-Chile Free Trade Agreement (Implemented since 25 February 2012)MAFTA: Malaysia-Australia Free Trade Agreement (Implemented since 1 January 2013)

MPCEPA: Malaysia-Pakistan Closer Economic Partnership Agreement (Implemented since 1 January 2008)

MJEPA: Malaysia-Japan Economic Partnership Agreement (Implemented since 13 July 2006)

21 Jun 28 Jun 5 Jul 12 Jul 19 Jul 26 Jul 2 Aug 9 AugAANZFTA 87 85 111 78 126 80 182 69AIFTA 236 157 163 116 113 222 221 165AJCEP 76 96 89 51 50 95 57 102

0

50

100

150

200

250

RM

mill

ion

21 Jun 28 Jun 5 Jul 12 Jul 19 Jul 26 Jul 2 Aug 9 AugATIGA 802 880 1,298 829 525 719 1,352 843ACFTA 726 827 842 613 410 547 830 850AKFTA 125 149 794 375 126 261 413 235

0

200

400

600

800

1,000

1,200

1,400

1,600

RM

mill

ion

21 Jun 28 Jun 5 Jul 12 Jul 19 Jul 26 Jul 2 Aug 9 AugMICECA 58.12 33.25 45.89 56.68 22.77 50.64 34.72 46.07MNZFTA 0.19 0.10 0.24 0.16 0.03 0.03 0.47 0.43MCFTA 16.39 15.89 35.12 8.36 9.20 22.57 27.61 9.65MAFTA 45.01 34.61 30.98 42.86 25.91 37.01 29.09 37.00

-10

0

10

20

30

40

50

60

70

RM m

illio

n

21 Jun 2015 28 Jun 2015 5 Jul 2015 12 Jul 2015 19 Jul 2015 26 Jul 2015 2 Aug 2015 9 Aug 2015

AANZFTA 836 924 928 841 582 601 978 689AIFTA 597 662 702 618 413 624 765 573AJCEP 179 169 321 157 148 221 153 267ATIGA 4,532 4,202 4,583 3,633 3,066 3,212 4,152 4,374ACFTA 1,535 1,351 1,488 1,177 1,076 1,022 1,646 1,267AKFTA 851 822 855 672 677 740 649 692MICECA 328 302 318 381 190 336 308 312MNZFTA 14 6 13 7 2 4 9 12MCFTA 55 48 89 56 35 64 56 74MAFTA 291 435 387 432 288 371 351 429MJEPA 839 867 778 938 637 763 672 759MPCEPA 177 167 198 95 110 130 143 143GSP 105 116 195 154 93 76 155 94

21 Jun 28 Jun 5 Jul 12 Jul 19 Jul 26 Jul 2 Aug 9 AugMJEPA 523 118 114 136 111 123 97 109MPCEPA 73 33 30 38 12 20 46 40GSP 16 15 38 27 13 18 27 18

0

100

200

300

400

500

600

RM m

illio

n

Value of Preferential Certificates of Origin

Number and Value of Preferential Certificates of Origin (PCOs)Number of Certificates (Provisional data)

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

MITI Weekly Bulletin / www.miti.gov.my

Notes: The preference giving countries under the GSP scheme are Cambodia, the Russian Federation, Japan, Switzerland, Kazakhstan and Norway.

Page 15: Cost-benefit Analysis on TPP Due in a Few Days Weekly... · Source : Department of Statistics, Malaysia MITI Weekly Bulletin / GDP by Type of Expenditure Q2 2015 Services RM138.6

CommodityCrude

Petroleum (per bbl)

Crude Palm Oil (per MT)

Raw Sugar

(per MT)

Rubber SMR 20(per MT)

Cocoa SMC 2

(per MT)

Coal(per MT)

Scrap Iron HMS

(per MT)14 Aug 2015

(US$) 42.5 577.5 228.5 1,341.5 2,094.5 47.3 250 (high)230 (low)

% change* 3.2 3.7 2.4 0.1 1.8 unchanged unchangedunchanged

2014i 54.6 - 107.6 823.3 352.3 1,718.3 2,615.8 59.8 370.0

2013i 88.1 - 108.6 805.5 361.6 2,390.8 1,933.1 .. 485.6

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

MITI Weekly Bulletin / www.miti.gov.my

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 n.a Not availble

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.

Highest and Lowest Prices, 2014/2015

Lowest (US$ per bbl)

Highest(US$ per bbl)

Crude Petroleum (14 Aug 2015)

US$42.5 per bbl

201413 June 2014: 107.6

201426 Dec 2014: 54.6

201529 May 2015: 60.3

201514 Aug 2015: 42.5

Lowest (US$ per MT)

Highest(US$ per MT)

Crude Palm Oil (14 Aug 2015)

US$577.5 per MT

201414 Mar 2014: 982.5

201426 Dec 2014: 664.0

201516 Jan 2015: 701.0

201514 Aug 2015: 577.5

Steel Bars(per MT)

RM1,600 - RM1,700

Average Domestic Prices, 7 Aug 2015

Billets(per MT)

RM1,250 - RM1,300

Page 16: Cost-benefit Analysis on TPP Due in a Few Days Weekly... · Source : Department of Statistics, Malaysia MITI Weekly Bulletin / GDP by Type of Expenditure Q2 2015 Services RM138.6

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.

Commodity Price Trends“D

RIV

ING

Transform

ation, PO

WER

ING

Grow

th”

MITI Weekly Bulletin / www.miti.gov.my

648.8

660.0

672.0

663.5658.5 661.5

648.5

639.5

630.5

622.5

599.5

577.5

520

540

560

580

600

620

640

660

680

29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 16 Jul 24 Jul 31 Jul 7 Aug 14 Aug

US$

/mt

Crude Palm Oil

2,186.5

2,213.8

2,143.0

2,173.6

2,188.9

2,250.9

2,207.62,195.22,197.7

2,183.8

2,231.5

2,058.0

2,094.5

2,000

2,050

2,100

2,150

2,200

2,250

2,300

22 May29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 16 Jul 24 Jul 31 Jul 7 Aug 14 Aug

US$

/mt

Cocoa

262.3 263.4

254.3

249.8

254.8

263.3265.8 266.8

248.3

242.0

234.0

228.5

200

210

220

230

240

250

260

270

280

29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 16 Jul 24 Jul 31 Jul 7 Aug 14 Aug

US$

/mt

Raw Sugar

1,629.01,615.5

1,584.01,570.5

1,550.0

1,499.0

1,451.0 1,446.5

1,407.51,396.0

1,343.5

1,341.5

1,200

1,250

1,300

1,350

1,400

1,450

1,500

1,550

1,600

1,650

1,700

29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 16 Jul 24 Jul 31 Jul 7 Aug 14 Aug

US$

/mt

Rubber SMR 20

5,740

5,779 5,843

6,245

6,469

6,515

6,864

7,822

7,707

7,967

7,894 7,806

7,507

7,286 7,267

7,853

7,148 7,063

7,296

6,816

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 Mar Apr May Jun Jul Aug

2014 2015

USD

/ to

nne

Black Pepper

* until 14 August 2015

60.359.1

60.0 59.6 59.7

56.9

52.7

50.9

48.147.1

43.942.5

65.6

63.3 63.963.0 63.3

60.3

58.757.5

54.6

52.2

48.6 49.0

40

45

50

55

60

65

70

29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 16 Jul 24 Jul 31 Jul 7 Aug 14 Aug

US$

/bbl

Crude Petroleum

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

Page 17: Cost-benefit Analysis on TPP Due in a Few Days Weekly... · Source : Department of Statistics, Malaysia MITI Weekly Bulletin / GDP by Type of Expenditure Q2 2015 Services RM138.6

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.

Commodity Price Trends“D

RIV

ING

Transform

ation, PO

WER

ING

Grow

th”

MITI Weekly Bulletin / www.miti.gov.my

1,727

1,695 1,705

1,811

1,751

1,839

1,948

2,030

1,990

1,946

2,056

1,909

1,815

1,818

1,774

1,819

1,804

1,688

1,640

1,500

1,600

1,700

1,800

1,900

2,000

2,100

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

2014 2015

US$

/ to

nne

Aluminium

14,101 14,204

15,678

17,374

19,401

18,629

19,118

18,600 18,035

15,812 15,807

15,962

14,849 14,574

13,756

12,831

13,511

12,825

11,413

10,000

11,000

12,000

13,000

14,000

15,000

16,000

17,000

18,000

19,000

20,000

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

2014 2015

US$

/ to

nne

Nickel

270.0 270.0 270.0 270.0 270.0 270.0

280.0 280.0 280.0

270.0

260.0

250.0

250.0 250.0 250.0 250.0 250.0 250.0

260.0 260.0 260.0

250.0

230.0 230.0

200

220

240

260

280

300

320

340

3 Apr 10 Apr 17 Apr 24 Apr 8 May 15 May 29 May 5 Jun 19 Jun 3 Jul 24 Jul 7 Aug

US$

/mt

Scrap Iron

Scrap Iron/MT (High)

Scrap Iron/MT(Low)

7,291

7,149

6,650 6,674

6,891

6,821

7,113 7,002

6,872

6,737

6,713

6,446

5,831

5,729

5,940 6,042

6,295

5,833

5,457

5,300

5,500

5,700

5,900

6,100

6,300

6,500

6,700

6,900

7,100

7,300

7,500

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

2014 2015

US$

/ to

nne

Copper

50.3

49.148.8

46.2

45.344.9 45.0

45.3

47.5 47.547.3 47.3

40.0

42.0

44.0

46.0

48.0

50.0

52.0

29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 16 Jul 24 Jul 31 Jul 7 Aug 14 Aug

US$

/mt

Coal

128.1

121.4

111.8

114.6

100.6

92.7

96.192.6

82.4

81.0

74.0

68.0

68.0

63.0

58.0

52.0

60.063.0

52.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

110.0

120.0

130.0

140.0

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

2014 2015

US$/

dmtu

Iron Ore

Page 18: Cost-benefit Analysis on TPP Due in a Few Days Weekly... · Source : Department of Statistics, Malaysia MITI Weekly Bulletin / GDP by Type of Expenditure Q2 2015 Services RM138.6

SUCCESS STORY

Cekap Technical Service Sdn Bhd (CEKAP) was founded in 1994 and licensed by PETRONAS. CEKAP is principally a leading provider of Project Management and Technical Consultancy Service, Integrated operations, ICT solutions, Engineering and Technical Services. CEKAP successfully served major oil & gas operators in Malaysia and has expanded its businesses into the middle East, including UAE and Iraq, and in the far East Region, Including Korea and Japan.

C E K A P T E C H N I C A L S E R V I C E S S D N B H D

KEY CL IENTS & PROJEC TSCountry Client(s) Project Name and Summary of Work Scope

Malaysia Sarawak Shell Berhad Project managment services and workscoping for E11 facilities Rejuvenation work for central Luconia for Shell Sarawak Bhd

Philippines Shell Philippines ExplorationInc. (SPEX)

Project Managment services to undertake the preparation of the workscope (Inculding conceptual Studies) for the Malampaya Phase 2 Asset Integrity and Debottlencking Project (Al & D)

Malaysia Petronas Carigali Sdn Bhd Provision of project managment services for Zuhal East Development Project

Malaysia Petroleum Nasional Berhad Supply, Installation, Integration, Commissioning & Support Services of 3D visualisation techonology for PETRONAS visualisation and Information center (PViC) Refurbishment Project

Malaysia JX Nippon Oil & Gas Exploration (Malaysia) Limited

Provision of Project Management Consultancy Service for Layang Development (Facilities) Project

Address: No. D-0-9 Setiawangsa Business Suit Jln Setiawangsa 11, Taman Setiawangsa 54200 Setiawangsa, Kuala Lumpur, Malaysia T: 603 4256 2286F: 603 4256 9286www.cekaptechnical.com

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

MITI Weekly Bulletin / www.miti.gov.my

Page 19: Cost-benefit Analysis on TPP Due in a Few Days Weekly... · Source : Department of Statistics, Malaysia MITI Weekly Bulletin / GDP by Type of Expenditure Q2 2015 Services RM138.6

MITI ProgrammeMedia Briefing on TPPA

13 August 2015

MITI Weekly Bulletin / www.miti.gov.my

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

Page 20: Cost-benefit Analysis on TPP Due in a Few Days Weekly... · Source : Department of Statistics, Malaysia MITI Weekly Bulletin / GDP by Type of Expenditure Q2 2015 Services RM138.6

Majlis Networking Miti & Agensi Bersama Sektor Swasta Sempena Sambutan Hari Raya , 13 Ogos 2015

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

MITI Weekly Bulletin / www.miti.gov.my

Page 21: Cost-benefit Analysis on TPP Due in a Few Days Weekly... · Source : Department of Statistics, Malaysia MITI Weekly Bulletin / GDP by Type of Expenditure Q2 2015 Services RM138.6

“DR

IVIN

G T

ransformation, P

OW

ERIN

G G

rowth”

Dear Readers,Kindly click the link below for any comments in this issue. MWB reserves the right to edit and to republish letters as reprints. http://www.miti.gov.my/cms_matrix/form.jsp?formId=c1148fbf-c0a81573-3a2f3a2f-1380042c

Comments & Suggestions

MITI Weekly Bulletin / www.miti.gov.my

Name : Rohaya JafarDesignation : Assistant AccountantDivision : AccountContact No : 603-6203 4145Email : [email protected]

Name : Emi Zakiah JoharDesignation : Assistant AccountantDivision : AccountContact No : 603-6203 4145Email : [email protected]

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