Deepavali Message From The Minister of … Weekly Bulletin/MITI...MITI Tower, No. 7, Jalan Sultan...

1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

It is that time of the year again for the auspicious festival of Deepavali – which marks the triumph of dharma and good over evil, of hope over despair, of truth over falsehood and of light over darkness.

The symbolic lighting of diya or lamp serves as a commemoration of the light of wisdom and knowledge in our lives. The quest for knowledge is

Deepavali Message From The Minister ofInternational Trade and IndustryMalaysia

a never-ending process. We need to continue learning, improving and innovating ourselves so that Ministry of International Trade and Industry (MITI) remains ahead of the curve.

Moreover, Deepavali is also a reminder for us to take a step back and self-reflect, as we strive to rise above the darkness and negativity that dwells within and transform ourselves to be a better person. Staying positive is crucial for each and every one of us in MITI as we prepare ourselves to embrace challenges that lie ahead.

With the same enthusiasm, MITI and its agencies are excited in pursuing the various economic master plans - Digital Free Trade Zone, National ecommerce, Industry 4.0, Micro Small Medium Enterprise (MSME’s) which will lead to further job creation and economic growth. I am inspired by the transforming industry initiatives and ongoing dynamism by SME’s and the business community in their efforts to continuously improve in enhancing our global competitiveness. We are confident that with economy prosperity and by working together we will reap the benefit of strong economic growth besides ensuring inclusiveness in building a smart nation.

While Deepavali is a time for celebration, it’s also a time for contemplation. We must not forget those who are less fortunate, those who may not be eating as heartily and celebrating as festively.

I would like to take this opportunity to sincerely wish you “Deepavali Valthukaal”. May you have a blessed and joyous Deepavali occassion with your family and friends. Once again, let us come together as we embrace differences and celebrate unity propitiously with aspiration of Negaraku Sehati Sejiwa.

Dato’ Sri Mustapa Mohamed


MITI Weekly Bulletin | www.miti.gov.myMITI Weekly Bulletin | www.miti.gov.my

Manufacturing Performance, January - August 2017

21.1%Jan-Aug 2017: RM500.4bilJan-Aug 2016: RM413.2bil

20.6%

ExportsJan-Aug 2017: RM478.8bilJan-Aug 2016: RM397.0bil

20.9%Jan-Aug 2017: RM979.2bilJan-Aug 2016: RM810.2bil

Note: % refers to Y-o-Y Growth

Major Exports Product Jan- Aug 2017

Major Imports Product Jan- Aug 2017

Electrical and Electronic Products

RM220.6bil

21.4%

Chemicals & Chemical Products

RM45.1bil

18.3%

Petroleum ProductsRM48.4bil

43.6%

Machinery, Equipment & Parts

RM27.5bil

6.9%

Electrical and Electronic Products

RM165.0bil

21.5%

Chemicals & Chemical Products

RM52.9bil

17.6%

Petroleum ProductsRM49.9bil

55.2%

Machinery, Equipment & Parts

RM51.4bil

24.9%Note: % refers to Y-o-Y Growth

Sales

Number of EmployeesManufacturing Performance August

2017

Aug 2017RM65.1bil.Aug 2016 RM55.9bil

16.5% Salaries & Wages

Aug 2017 RM3,529.6mil

Aug 2017 RM3,191.2mil

10.6%

Source: Department of Statistics, Malaysia

MALAYSIA


Aug 20171,054,482 persons

Aug 20171,028,091 persons

2.6%


MITI Weekly Bulletin | www.miti.gov.my


ManufacturingAug 2017: 144.9Aug 2016: 134.7 7.6%

Aug 2017: 142.0 Aug 2016: 137.8

3.0%Electricity

Aug 2017:105.0Aug 2016: 99.6 5.3%

Mining

IPI

IndustrialProduction Index (IPI)

Aug 2017

Manufacturing Indices by sub-sector (2010=100), August 2017

Aug 2017: 133.2Aug 2016: 124.7 6.8%

123.4

133.2

111.2

105.0

144.9

128.0

142.0

90

110

130

150Ja

n

Feb

Mar Ap

r

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Ap

r

May Jun Jul

Aug

Inde

xIPI Mining Manufacturing Electricity

Industrial Production Index (IPI) and Sector Indices (2010=100), Jan 2016 - Aug 2017

2016 2017

Food, Beverages and Tobacco

Aug 2017: 150.0Aug 2016: 137.1

Aug 2017: 135.0Aug 2016: 123.9

9.4%

Textiles, Wearing Apparel, Leather Products and

Footwear

9.0%

T r a n s p o r t E q u i p m e n t and Other Manufactures

9.9%

N o n - m e t a l l i c Mineral Products, Basic Metal and Fabricated Metal

Products

7.1%

Electrical and E l e c t r o n i c s

Products

8.7%

Wood Products, Furniture, Paper Products, Printing

2.0%

P e t r o l e u m , C h e m i c a l , Rubber and Plastic Products

7.0%

Aug 2017: 127.0Aug 2016: 124.5

Aug 2017: 130.8Aug 2016: 122.3

Aug 2017: 145.4Aug 2016: 135.7

Aug 2017:168.8Aug 2016:155.3

Aug 2017: 148.7Aug 2016: 135.3




Spain Economic Indicators 2016Population: 46.4 million Land area: 500,210 sq. km

GDP (current US$)US$ 1,232.1 billion

Inflation rate -0.2%

Unemployment rate19.6%

Global trade US$ 596.7 billion (Rank: 16)

Global exportsUS$ 287.4 billion (Rank: 16)

Global imports US$ 309.3 billion (Rank: 15)

Malaysia’s Trade with Spain, 2005 - 2017 (Jan-Aug)

2.21

3.43

2.93

3.14

1.57

1.92

1.94

1.57

1.45

1.78

2.32

2.33

1.56

1.860.9

7 1.22 1.4

4

1.23

0.87 1.0

3 1.21

1.29 1.8

6 2.35

1.91 2.1

0

1.28 1.6

2

3.18 3.48

0

2

4

6

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2016

(Jan

-Aug

)

2017

(Jan

-Aug

)

RM Bi

llion

Exports Imports Total Trade

Major Exports, 2017 (Jan-Aug) Major Imports, 2017 (Jan-Aug)

Note: % refers to share to total exports/imports

Rubber and articles (HS40)

Machinery appliances(HS84)

Animal or vegetable fats and oils (HS15)

RM0.51b27.4%

RM0.31b16.6%

Miscellaneous chemical products (HS38)

RM0.20b10.6%

RM0.15b8.1%

Electrical machinery and equipment (HS85)

RM0.10b5.6%

Machinery appliances (HS84)

Pharmaceutical products(HS30)

Iron and steel, primary material(HS72)

RM0.52b32.1%

RM0.16b9.8%

Electrical machinery and equipment(HS85)

RM0.09b5.8%

RM0.08b5.0%

Plastics and articles(HS39)

RM0.07b4.3%

International Report

Source: Worldbank, WTO




Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia

-

100

200

300

400

500

600

700

-

100

200

300

400

500

600

Jan

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

2016 2017

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Generalised System of Preferences (GSP)

Total of FOB (RM mil.) No. of Certificates

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

Number and Value of Preferential Certificates of Origin (PCOs)

-

5,000

10,000

15,000

20,000

25,000

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000Ja

nFe

bM

arA

pr

May Ju

n Jul

Aug Se

pO

ctN

ov

De

cJa

nFe

bM

arA

pr

May Ju

n Jul

Aug Se

p

2016 2017

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN Trade in Goods Agreement (ATIGA)


-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

Jan

Feb

Mar

Ap

rM

ay Jun Jul

Aug Se

pO

ctN

ov

De

cJa

nFe

bM

arA

pr

May Ju

n Jul

Aug Se

p

2016 2017

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-China Free Trade Agreement (ACFTA)


-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

-

500

1,000

1,500

2,000

2,500

3,000

3,500

Jan

Feb

Mar

Ap

rM

ay Jun Jul

Aug Se

pO

ctN

ov

De

cJa

nFe

bM

arA

pr

May Ju

n Jul

Aug Se

p

2016 2017

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-Korea Free Trade Agreement (AKFTA)


-

200

400

600

800

1,000

1,200

-

100

200

300

400

500

600

700

Jan

Feb

Mar

Ap

rM

ay Jun Jul

Aug Se

pO

ctN

ov

De

cJa

nFe

bM

arA

pr

May Ju

n Jul

Aug Se

p

2016 2017

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)


-

500

1,000

1,500

2,000

2,500

3,000

3,500

-

200

400

600

800

1,000

1,200

Jan

Feb

Mar

Ap

rM

ay Jun Jul

Aug Se

pO

ctN

ov

De

cJa

nFe

bM

arA

pr

May Ju

n Jul

Aug Se

p

2016 2017

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-India Free Trade Agreement (AIFTA)


-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

-

200

400

600

800

1,000

1,200

Jan

Feb

Mar

Ap

rM

ay Jun Jul

Aug Se

pO

ctN

ov

De

cJa

nFe

bM

arA

pr

May Ju

n Jul

Aug Se

p

2016 2017

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

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




Number and Value of Preferential Certificates of Origin (PCOs)

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

-

200

400

600

800

1,000

1,200

1,400

1,600

Jan

Feb

Mar

Ap

rM

ay Jun Jul

Aug Se

pO

ctN

ov

De

cJa

nFe

bM

arA

pr

May Ju

n Jul

Aug Se

p

2016 2017

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Japan Economic Partnership (MJEPA)


-

100

200

300

400

500

600

700

800

900

-

50

100

150

200

250

300

350

400

450

Jan

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

2016 2017

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Pakistan Closer Economic Partnership (MPCEPA)


-

5

10

15

20

25

30

35

40

45

50

-

1

2

3

4

5

6

7

8

9

10

Jan

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

2016 2017

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)


-

50

100

150

200

250

300

350

400

450

500

-

20

40

60

80

100

120

Jan

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

Oct

No

v

De

c

Jan

Feb

Mar

Ap

r

May Ju

n Jul

Aug Se

p

2016 2017

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Chile Free Trade Agreement (MCFTA)


-

200

400

600

800

1,000

1,200

1,400

1,600

1,800

2,000

-

50

100

150

200

250

300

350

400

450

500

Jan

Feb

Mar

Ap

rM

ay Jun Jul

Aug Se

pO

ctN

ov

De

cJa

nFe

bM

arA

pr

May Ju

n Jul

Aug Se

p

2016 2017

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)


-

500

1,000

1,500

2,000

2,500

-

50

100

150

200

250

300

350

400

450

Jan

Feb

Mar

Ap

rM

ay Jun Jul

Aug Se

pO

ctN

ov

De

cJa

nFe

bM

arA

pr

May Ju

n Jul

Aug Se

p

2016 2017

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Australia Free Trade Agreement (MAFTA)


-

200

400

600

800

1,000

1,200

1,400

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

Jan

Feb

Mar

Ap

rM

ay Jun Jul

Aug Se

pO

ctN

ov

De

cJa

nFe

bM

arA

pr

May Ju

n Jul

Aug Se

p

2016 2017

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Turkey Free Trade Agreement (MTFTA)


Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia



Source : Bank Negara, Malaysia

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

US Dollar

Euro

South Korean Won

Pound Sterling

Australian Dollar

Brunei Dollar

4.3481

3.9045

4.4615

4.2089

3.60

3.70

3.80

3.90

4.00

4.10

4.20

4.30

4.40

4.50

4.60

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2016 2017

RM

USD 1 = RM

4.7261

4.4269 4.4468

5.06065.0145

4.10

4.20

4.30

4.40

4.50

4.60

4.70

4.80

4.90

5.00

5.10

5.20

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2016 2017

RM

EUR 1 = RM

0.3610

0.3403

0.3915

0.3715

0.31

0.32

0.33

0.34

0.35

0.36

0.37

0.38

0.39

0.40

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2016 2017

RM

KRW 100 = RM

6.2693

5.8826

5.1491

5.6062

4.00

4.50

5.00

5.50

6.00

6.50

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2016 2017RM

GBP 1 = RM

3.0477

2.9609

3.41243.3574

2.70

2.80

2.90

3.00

3.10

3.20

3.30

3.40

3.50

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p2016 2017

RM

AUD 1 = RM

3.0323

2.8904

3.15833.1202

2.75

2.80

2.85

2.90

2.95

3.00

3.05

3.10

3.15

3.20

Jan

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

Oct

Nov

Dec Ja

n

Feb

Ma

r

Apr

Ma

y

Jun Jul

Aug Se

p

2016 2017

RM

BND 1 = RM


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

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

CRUDE PETROLEUM (BRENT)-per bbl-

13 Oct 2017 : US$57.2, 2.8%*

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

CRUDE PALM OIL-per MT-

13 Oct 2017 : US$715.5, 0.8%*Average Pricei : 2016: US$702.2 2015: US$616.9

RUBBER SMR 20-per MT-

13 Oct 2017 : US$1,440.5, 3.6%*

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

COAL -per MT-13 Oct 2017 : US$60.4, 0.9%Average Pricei : 2016: US$45.6 2015: US$49.9

COCOA SMC 2-per MT-

13 Oct 2017 : US$1,481.7, 8.4%*

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

SCRAP IRON HMS-per MT-

13 Oct 2017 : US$350.0 (high), unchanged US$330.0 (low), unchangedAverage Pricei : 2016: US$243.2 2015: US$239.6

HIGHEST and LOWEST 2016/2017

Highest 29 Sep 2017 : US$57.5 30 Dec 2016 : US$56.8

Lowest

23 June 2017 : US$45.5

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 30 June 2017 : US$650.0

Crude Palm Oil -per MT-

Domestic Prices13 Oct 2017

Steel Bars(per MT)

RM2,400 – RM2,550

Billets(per MT)

RM2,250 – RM2,300

SUGAR -per lbs-13 Oct 2017 : US¢ 14.4, 3.1%*

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.

669.5665.0

656.5

668.5

686.0690.5 692.5

726.5

749.5

727.5

709.5715.5

600

620

640

660

680

700

720

740

760

28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 30 Aug 8 Sep 15 Sep 21 Sep 29 Sep 6 Oct 13 Oct

US$

/mt

Crude Palm Oil

1,448.6

1,543.1

1,420.1

1,350.1

1,379.6

1,417.0

1,350.21,371.7

1,428.21,442.9

1,616.9

1,481.7

1,200

1,250

1,300

1,350

1,400

1,450

1,500

1,550

1,600

1,650


US$

/mt

Cocoa

14.4

14.1

13.2

13.4

14.013.9

14.1

15.2

14.6

14.114.0

14.4

12.0

12.5

13.0

13.5

14.0

14.5

15.0

15.5


US¢

/lbs

Sugar

1,433.5

1,477.5

1,520.51,539.0

1,554.0

1,559.0

1,695.5

1,633.5

1,515.0

1,442.0

1,494.0

1,440.5

1,300

1,350

1,400

1,450

1,500

1,550

1,600

1,650

1,700

1,750


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

4,605

4,188

4,571

3,000

3,500

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500

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

2016 2017

USD

/ to

nne

Black Pepper

* until 31 May 2017** data for April & June 2017 are not available


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.

55.8

54.8

56.0

56.856.6

58.1

59.0

60.1 60.1 60.259.9

60.4

52.0

53.0

54.0

55.0

56.0

57.0

58.0

59.0

60.0

61.0


US$

/t

Coal

1,481

1,531

1,531 1,571

1,551 1,594

1,629

1,639

1,592

1,666

1,737

1,728

1,791

1,861 1,901

1,921

1,913 1,885

1,903

2,030

2,096

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

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

2016 2017

US$

/ to

nne

Aluminium

4,472 4,599

4,954 4,873

4,695 4,642

4,865 4,752

4,722

4,731

5,451

5,660 5,755

5,941 5,825

5,684 5,600

5,720

5,985

6,486 6,577

4,000

4,500

5,000

5,500

6,000

6,500

7,000


2016 2017

US$

/ to

nne

Copper

8,507 8,299

8,717 8,879

8,660

8,928

10,263

10,336

10,192

10,260

11,129 10,972

9,971

10,643

10,205

9,609

9,155 8,932

9,491

10,890

11,216

7,000

7,500

8,000

8,500

9,000

9,500

10,000

10,500

11,000

11,500

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

2016 2017

US$

/ to

nne

Nickel

49.7 49.648.8 48.5

47.947.3 47.5

49.950.7

51.7

49.3

51.5

52.5 52.4 52.152.7 52.4 52.8

53.8

55.6

56.957.5

55.6

57.2

40

42

44

46

48

50

52

54

56

58

60


US$

/bbl

Crude Petroleum

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




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

930.0

969.0

987.0 988.0

978.0

1,002.0

1,017.0

979.0

938.0

923.0

914.0

943.0

860.0

880.0

900.0

920.0

940.0

960.0

980.0

1,000.0

1,020.0

1,040.0

28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 1 Sep 8 Sep 15 Sep 22 Sep 29 Sep 6 Oct 13 Oct

US$

/oz

Platinum

315.0320.0

330.0

350.0 350.0

390.0 390.0380.0

370.0

350.0 350.0 350.0

300.0310.0

320.0

340.0 340.0

370.0380.0

370.0360.0

330.0 330.0 330.0

200

250

300

350

400

450

21 Jul 28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 8 Sep 15 Sep 21 Sep 29 Sep 6 Oct 13 Oct

US$

/mt

Scrap Iron

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

41.88

46.83

56.20

60.92

55.1351.98

57.26

60.8957.79

59.09

73.10

80.02

80.41

89.4487.65

70.22

62.43

57.48

67.74

76.07

71.53

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0


2016 2017

US$

/dm

tu

Iron Ore

16.7

16.5

17.117.2

17.1

17.6

18.1

17.8

17.0

16.8

16.6

17.4

15.5

16.0

16.5

17.0

17.5

18.0

18.5

28 Jul 4 Aug 11 Aug 18 Aug 25 Aug 1 Sep 8 Sep 15 Sep 22 Sep 29 Sep 6 Oct 13 Oct

US$

/oz

Silver

40.7

40.4

41.4

41.7

41.3

42.5

43.3

42.5

41.6

41.3

40.6

41.8

39.0

39.5

40.0

40.5

41.0

41.5

42.0

42.5

43.0

43.5


US$

/oz

Gold




MITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMMEMITI PROGRAMME

The Qatari Emir’s Official Visit to Malaysia,15 - 16 October 2017

The Emir of QatarSheikh Tamim bin Hamad Al Thani


MITI Weekly Bulletin | www.miti.gov.myMITI PROGRAMMESAMBUTAN HARI SUKAN NEGARA PERINGKAT MITI DAN AGENSI 2017,14 Okt. 2017


MITI PROGRAMMEMinister of International Trade and Industry

Official Working Visit to Singapore, 11 October 2017



of Technical Terms

Source: http://www.miti.gov.my/index.php/glossary

Open economyAn economy that allows the unrestricted flow of people, capital, goods and services across its borders

Open RegionalismAn APEC theory which was adopted from the very beginning of the organization’s founding in 1989. The characteristics of open regionalism, expressed in a report by the Peterson Institute, are: 1) the maximum possible extent of unilateral liberalization; 2) a commitment to continue reducing its barriers to non-member countries; 3) a willingness to extend its regional liberalization to non members on a mutually reciprocal basis; and 4) recognition that any individual APEC member can unilaterally extend its APEC liberalization to non-members on a conditional or unconditional basis.

OTDSOverall trade distorting - support comprises Amber Box (refer Amber Box), Blue Box (refer Blue Box) and De Minimis Subsidies (refer De Minis Subsidies).

Pathfinder Approach / Pathfinder InitiativeAn APEC approach which allows a group of members able to proceed more quickly on cooperative projects, to do so through cooperative pilot projects (known as ‘pathfinder initiatives’). Experiences generated from such pilot projects are then disseminated to other members. These other members are encouraged to join the pathfinder projects as soon as they are able. Pathfinder initiatives are developed in a manner consistent with APEC principles and practices, and capacity building often forms an important component of pathfinder initiatives.

PCOPreferential Certificate of Origin

PDProgram Directors - are often of diplomatic rank and seconded to work at the Secretariat by member economies. Program directors undertake work in specific fields and cooperative projects of APEC, oversee activities of relevant working groups, fora, and meetings to ensure that APEC requirements are met as well as effectively implement policy directives and declarations of Leaders and Ministers.

PDKPerintah Duti Kastam – A Customs Duties Order that include import duties that shall be levied on, and paid by the importer, in respect of goods imported into Malaysia, at the full rates or tariff rate quota. The Customs Duties Order also includes export duties that shall be levied on and paid by the exporter in respect of the goods exported from Malaysia, at the specified rates.


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