MEDIA RELEASE Weekly...Jan 2016 : 7,084 tones Growth: 6.6% Jan 2017 : 1,477 tones Jan 2016 : 2,699...

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

MALAYSIA-INDIA BUSINESS FORUM HELD IN CONJUNCTION WITH THE OFFICIAL VISIT OF YAB PRIME MINISTER TO REPUBLIC OF

INDIA 3 APRIL 2017, TAJ PALACE HOTEL, NEW DELHI

MEDIA RELEASE

Ministry of International Trade and Industry (MITI) together with Malaysian Investment Development Authority (MIDA) and Malaysia External Trade Development Corporation (MATRADE) organised the Malaysia-India Business Forum on 3 April 2017, in conjunction with YAB Prime Minister’s official visit to India. During the Forum, YB Dato' Sri Mustapa Mohamed, Minister of International Trade and Industry delivered a presentation on ‘Doing Business in India and Malaysia’.

With a theme of ‘Leveraging Malaysia-India Strategic Partnership’, the objectives of the Forum were to:• Promote and highlight business and investment

opportunities in Malaysia and India; and• Provide a platform to discuss and exchange views

on issues related to trade and investment and ways to enhance bilateral economic relations.

The Forum received overwhelming response, with the attendance of more than 400 participants, mainly prominent members of the Indian business community. The Malaysian business delegation comprising 100 representatives of companies including SMEs also participated to take advantage of the opportunity to network with Indian business community. Among others, YB Minister briefed the participants on:• Malaysia's economic performance, trade and

investment opportunities as well as the many investment incentives offered by Malaysia; and

• Trade and investment opportunities in both Malaysia and India.

The Business Forum was followed by the Business Luncheon graced by YAB Prime Minister Dato’ Sri Mohd Najib Tun Razak and Indian Minister of Commerce and Industry, Smt Nirmala Sitharaman. At the Business Luncheon, YAB Dato’ Sri Mohd. Najib Tun Abdul Razak and YB Minister witnessed the exchange of 31 business Memoranda of Understanding (MOUs) with combined investments estimated at USD35.99 billion (RM159.26 billion). These MOUs are related to port construction, highways construction, solar power plant, development of smart city & technology Park, regasification terminal project, coconut & palm oil development, and higher learning education. Significant MOUs include:• Integrated maritime city on Carey Island Port Project

between MMC Port Holdings Sdn. Bhd., Sime Darby Property Berhad and Adani Ports and Special Economic Zone Limited, worth US$22.78 billion for a 30-year period; and

• Carey Island Port Project between MMC and Adani worth US$9.39 billion.

A session themed “SMEs: Driving Economic Growth” was also held with about 50 important stakeholders within the SME business ecosystem in India as well as SMEs from Malaysia. During the session, YB Minister gave a strong signal on the prominence accorded by the Malaysian Government towards promoting trade and investment by SMEs between the two countries for a Ministry of International Trade and Industry (MITI)

3 April 2017

more inclusive economic growth. The Indian delegation was led by the Shri Ravindra Nath, Chairman cum Managing Director of the National Small Industries Corporation (NSIC), India.

Also present were various leaders and representatives from important business associations namely the Federation of Indian Chambers of Commerce and Industry (FICCI), Confederation of Indian Industry (CII) and Consortium of Indian Industries in Malaysia (CIIM). Present were Malaysian entrepreneurs who have been doing business in India and Indian SMEs that have been doing business in Malaysia who shared their respective experiences. During the session, the Minister agreed that both SME Corp Malaysia and NSIC will be appointed as Focal Agencies to facilitate SMEs from both countries to do cross-border businesses.

The two organisations are planning to sign a Memorandum of Understanding before the end of the year. Malaysia-India CEO Forum (MICEOF) held a successful meeting on 31 March 2017. A range of issues of mutual interest were deliberated to resolve concerns faced by the business community. The Forum also prepared a roadmap containing recommendations to further enhance trade ties between Malaysia and India including investment opportunities in infrastructure projects and collaboration between the two countries’ small and medium enterprises. The recommendations were presented to both Leaders on 1 April 2017.

In 2010, Malaysia and India have set a trade target of USD15 billion by 2015. This target was not met due to the global economic slowdown and the decline in commodity prices. However, both countries are confident this USD 15 billion target could be achieved in the next two to three years. Trade with India accounted for 3.3% of Malaysia's total global trade in 2016, amounting to USD10.77 billion (RM44.5 billion).

In 2016, India was Malaysia’s 7th largest trading partner and 7th largest export destination globally. Malaysia was India’s 11th largest trading partner globally. In terms of investment, Malaysian companies have a large presence in India. As at 2016, Malaysia’s investments in India amounted to US$4.5 billion. Meanwhile, Indian investment in Malaysia as at 2016 totaled US$1.5 billion. These indicate the importance of India to Malaysia.



Inflation Rate (%), Jan 2016 - Feb 2017Year on Year change of Consumer Price Index

Malaysia

3.5

4.2

2.62.1 2.0

1.6

1.11.5 1.5 1.4

1.8 1.8

3.2

4.5

0.0

1.0

2.0

3.0

4.0

5.0

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

2016 2017

(%)

Source : Department of Statistics Malaysia

Consumer Price Index (CPI) by Major Categories, February 2017

Note :

% change year-on-yearThe Consumer Price Index (CPI) measures the percentage change through time in the cost of purchasing a constant “basket” of goods and services representing the average pattern of purchases made by a particular population group in a specified time period.

128.4 ( 4.3%)Food And Non-Alcoholic Beverages

Communication 97.8 ( 0.3%)

Recreation Services and Culture 111.6( 3.1%)

Education

116.0 ( 2.2%)

Health 120.0 ( 2.4%)

Transport 119.7 ( 17.9%)

Housing, Water, Electricity, Gas and Other Fuels

98.5 ( 0.2%)Clothing and Footwear

116.5( 1.7%)



Source : Department of Statistics, Malaysia

Rubber StatisticsNutral Rubber Production, 2013 - Jan 2017

Top Five Exports Destination January 2017

Jan 2017 : 26,988 tonesJan 2016 : 21,340 tones

Growth: 26.5%


Growth: 6.3%


Growth: 6.6%


Growth: 45.3%

Jan 2017 : 1,274 tonesJan 2016 : 504 tones

Growth: 152.8%Note: % :Year on Year Growth

China

Iran USA

ROK

Germany

673,513 722,122

668,613

826,421

66,617

-

200,000

400,000

600,000

800,000

1,000,000

2013 2014 2015 2016 Jan-17

Tonnes



105.2

4

110.1

3

94.49

82.70

60.81

60.95

57.65

60.79

58.05

64.40

73.67

80.23

7.0

55.87 60.07

54.16

56.13

48.83 56

.26

55.41

49.09

50.68

52.37 55.34

55.65

6.0

161.11 135.88

0

20

40

60

80

100

120

140

160

180

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017(Jan)

RM billionExports Imports Total Trade

U.S.A Economic Indicators, February 2017

U.S.A Economic Indicators

Malaysia’s Trade with USA, 2005 - Jan 2017Source:Bureau of Economic Analysis, Bureau of Labor Statistics

International Report

Source : Department of Statistics, Malaysia



Did you know?10

World’s Best Airports for Passenger Immigration Services 2017

Source: http://www.worldairportawards.com

Note:The Skytrax World Airport Awards are the most prestigious accolades for the airport industry voted by customers in the largest, annual global airport customer satisfaction survey. The 2017 Awards are based on 13.82 million airport survey questionnaires completed by 105 different nationalities of airline customers during the survey period. The survey operated from July 2016 to February 2017, covering 550 airports worldwide and evaluating traveller experiences across different airport service and product key performance indicators - from check-in, arrivals, transfers, shopping, security and immigration through to departure at the gate. The World Airport Awards are a global benchmark of airport excellence, and widely known as the Passengers Choice Awards.

1 Kuala Lumpur International Airport (KLIA)2 Hong Kong International Airport 3 Tokyo Haneda Airport 4 Zurich Airport5 Tokyo Narita Airport6 Taiwan Taoyuan International Airport7 Copenhagen Airport8 Chubu Centrair International Airport, Nagoya9 Munich Airport10 Kansai International Airport,Osaka



The World’s 10 Most Powerful Brands, 2016

Note: BSI - Brand Strength IndexBrand Finance evaluated companies by their familiarity, loyalty, promotion, marketing investment, staff satisfaction and corporate reputation. Using these factors, each brand’s power was ranked out of 100. Each brand was also given a valuation.

Source:https://www.weforum.org/agenda/2016/03/worlds-10-most-powerful-brands/

123456789

10



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

0

20

40

60

80

100

120

140

160

180

0

20

40

60

80

100

120

140

160

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

26 F

eb

5 M

ar

12 M

ar

19 M

ar

26 M

ar

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.

Number and Value of Preferential Certificates of Origin (PCOs)

0

1,000

2,000

3,000

4,000

5,000

6,000

0

500

1,000

1,500

2,000

2,500

3,0008

Jan

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

26 F

eb

5 M

ar

12 M

ar

19 M

ar

26 M

ar

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

ASEAN Trade in Goods Agreement (ATIGA)


0

500

1,000

1,500

2,000

2,500

0

500

1,000

1,500

2,000

2,500

3,000

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

26 F

eb

5 M

ar

12 M

ar

19 M

ar

26 M

ar

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

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

26 F

eb

5 M

ar

12 M

ar

19 M

ar

26 M

ar

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

20

40

60

80

100

120

140

160

180

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

26 F

eb

5 M

ar

12 M

ar

19 M

ar

26 M

ar

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

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

26 F

eb

5 M

ar

12 M

ar

19 M

ar

26 M

ar

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

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

26 F

eb

5 M

ar

12 M

ar

19 M

ar

26 M

ar

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

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




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

Number and Value of Preferential Certificates of Origin (PCOs)

0

100

200

300

400

500

600

700

800

900

1,000

0

50

100

150

200

2508

Jan

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

26 F

eb

5 M

ar

12 M

ar

19 M

ar

26 M

ar

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

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

26 F

eb

5 M

ar

12 M

ar

19 M

ar

26 M

ar

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Pakistan Closer Economic Partnership (MPCEPA)


-2

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

0.8

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

26 F

eb

5 M

ar

12 M

ar

19 M

ar

26 M

ar

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

14

16

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

26 F

eb

5 M

ar

12 M

ar

19 M

ar

26 M

ar

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

500

0

20

40

60

80

100

120

140

160

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

26 F

eb

5 M

ar

12 M

ar

19 M

ar

26 M

ar

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)


0

50

100

150

200

250

300

350

400

450

500

0

10

20

30

40

50

60

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

26 F

eb

5 M

ar

12 M

ar

19 M

ar

26 M

ar

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

350

0

100

200

300

400

500

600

700

8 Ja

n

15 J

an

22 J

an

29 J

an

5 Fe

b

12 F

eb

19 F

eb

26 F

eb

5 M

ar

12 M

ar

19 M

ar

26 M

ar

No. o

f Cer

tific

ate

of O

rigin

RM m

il.

Malaysia-Turkey Free Trade Agreement (MTFTA)




Source : Bank Negara, Malaysia

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

US Dollar

Chinese Yuan

Thai Baht

Japanese Yen

Singapore Dollar

New Taiwan Dollar

4.3481

4.4393

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 Feb Mar

2016 2017

RM

USD 1 = RM

0.6615

0.6436

0.57

0.58

0.59

0.60

0.61

0.62

0.63

0.64

0.65

0.66

0.67


2016 2017

RM

CNY 1 = RM

12.0200

12.7174

10.00

10.50

11.00

11.50

12.00

12.50

13.00


2016 2017

RM

THB 100 = RM

3.6805

3.9291

3.30

3.40

3.50

3.60

3.70

3.80

3.90

4.00

4.10


2016 2017

RM

JPY 100 = RM

3.0323

3.1583

2.75

2.80

2.85

2.90

2.95

3.00

3.05

3.10

3.15

3.20


2016 2017

RM

SGD 1 = RM

12.9926

14.4795

8.00

9.00

10.00

11.00

12.00

13.00

14.00

15.00


2016 2017

RM

TWD 100 = 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, Bloomberg and Czarnikow Group.

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-

31 Mar 2017 : US$52.8, 4.0%*

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

CRUDE PALM OIL-per MT-

31 Mar 2017 : US$725.0, 2.8%*Average Pricei : 2016: US$702.2 2015: US$616.9

RUBBER SMR 20-per MT-

31 Mar 2017 : US$1,834.5, 3.5%*

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

COAL -per MT-31 Mar 2017 : US$44.1, unchangedAverage Pricei : 2016: US$45.6 2015: US$49.9

COCOA SMC 2-per MT-

31 Mar 2017 : US$1,491.0, 5.0%*

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

SCRAP IRON HMS-per MT-

31 Mar 2017 : US$300.0 (high), 9.1% US$290.0 (low), 6.5%Average 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

24 Mar 2017 : US$50.8

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 31 Mar 2017 : US$725.0

Crude Palm Oil -per MT-

Domestic Prices31 March 2017

Steel Bars(per MT)

RM2,100 – RM2,250

Billets(per MT)

RM2,000 – RM2,050

SUGAR -per lbs-31 Mar 2017 : US¢ 16.8, 5.4%*

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.

812.5

843.0835.0

810.0 807.0 807.0

779.5

740.5746.0

739.0746.0

725.0

660

680

700

720

740

760

780

800

820

840

860

13 Jan 20 Jan 27 Jan 3 Feb 10 Feb 17 Feb 24 Feb 3 Mar 10 Mar 17 Mar 24 Mar 31 Mar

US$

/mt

Crude Palm Oil

1,609.81,596.3

1,506.6

1,715.8

1,485.71,473.4

1,502.9

1,473.2

1,380.3

1,385.3

1,474.6

1,568.8

1,491.0

1,300

1,350

1,400

1,450

1,500

1,550

1,600

1,650

1,700

1,750

6 Jan 13 Jan 20 Jan 27 Jan 3 Feb 10 Feb 17 Feb 24 Feb 3 Mar 10 Mar17 Mar24 Mar31 Mar

US$

/mt

Cocoa

20.5

20.220.3

21.1

20.420.3

19.819.5

18.018.2

17.7

16.8

15.0

16.0

17.0

18.0

19.0

20.0

21.0

22.0


US¢

/lbs

Sugar

2,228.5

2,166.0

2,303.0

2,221.02,193.0 2,183.0

2,059.5

2,108.5

2,010.02,033.5

1,902.0

1,834.5

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

4,605

4,170

3,000

3,500

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500


2016 2017

USD

/ to

nne

Black Pepper

* until 31 March 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

1,861

1,400

1,450

1,500

1,550

1,600

1,650

1,700

1,750

1,800

1,850

1,900


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

5,941

4,000

4,500

5,000

5,500

6,000

6,500


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

10,643

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

52.4 52.453.2

53.8 53.953.4

54.053.3

48.5 48.848.0

50.6

55.5 55.5 55.5

56.8 56.7

55.8 56.0 55.9

51.451.8

50.8

52.8

40

42

44

46

48

50

52

54

56

58


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.

973.0

965.0 967.0

994.0 995.0

1,012.0

1,029.0

989.0

944.0

954.0

967.0

942.0

880.0

900.0

920.0

940.0

960.0

980.0

1,000.0

1,020.0

1,040.0


US$

/oz

Platinum

320.0 320.0 320.0 320.0 320.0 320.0

310.0 310.0

320.0

330.0 330.0

300.0

290.0 290.0 290.0 290.0 290.0 290.0 290.0 290.0

310.0 310.0 310.0

290.0

260

270

280

290

300

310

320

330

340

23 Dec 6 Jan 16 Jan 3 Feb 13 Feb 17 Feb 26 Feb 3 Mar 13 Mar 17 Mar 24 Mar 31 Mar

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

89.0

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

17.0

16.8

17.5

17.7

18.0

18.4

17.8

17.1

17.3

17.6

18.2

15.5

16.0

16.5

17.0

17.5

18.0

18.5

19.0


US$

/oz

Silver

38.3

38.6

38.1

39.1

39.5

39.9

40.3

39.4

38.7

39.5

40.1 40.0

36.5

37.0

37.5

38.0

38.5

39.0

39.5

40.0

40.5


US$

/oz

Gold



Signing Of Memorandums Of Understanding (Mous) In The Margins Of The State Visit By French President François Hollande To Malaysia, 28 March 2017

MITI Programme



MITI Programme

Prime Minister of Malaysia Visit to India30 March - 4 April 2017



Petronas Launches Sprinta with Ultraflex Motorcycle Lubricant in India30 March 2017

MITI Programme



MITI Programme

Mitsui High-Tec’s 30th Anniversary Celebration Event Officiated by Y. Bhg. Datuk Seri J. Jayasiri, Secretary General of MITI

31 March 2017



Hari Bersama Pelanggan Pusat Sumber Kementerian Perdagangan Antarabangsa dan Industri, 30 Mac 2017

MITI Programme



MEDIA RELEASESIGNING OF MEMORANDA OF UNDERSTANDING (MOUs) AT THE MARGINS OF THE STATE

VISIT BY FRENCH PRESIDENT FRANÇOIS HOLLANDE TO MALAYSIA

On 28 March 2017, YB Dato’ Sri Mustapa Mohamed, the Minister of International Trade and Industry witnessed the signing of Memorandum of Understanding (MoU) and exchange of documents between Malaysian and French companies/agencies in the margins of the State Visit by the French President François Hollande.

There were two separate ceremonies. At the first ceremony, YB Minister together with the French President witnessed the signing and exchange of six B2B MoUs in the areas of energy efficiency, solar power generation, centre of excellence “industry 4.0” and innovation and technology transfer.

Meanwhile, the second ceremony took place at the Ministry of International Trade and Industry (MITI) subsequent to a luncheon hosted by YB Minister, with the presence of His Excellency Christophe Sirugue, the French Minister of State for the Industry, Digital Sector and Innovation attached to the Ministry of Economy and Finance. Both Ministers witnessed the signing and exchange of two MoUs and one Letter of Intent (LoI) between Business France and three Malaysian Government Agencies namely Malaysian Investment Development Authority (MIDA), Malaysia External Trade Development Corporation (MATRADE), and Talent Corporation Malaysia Berhad.

The MoU between Business France and MIDA aims to promote cooperation in investment and business as well as commercial and industrial partnerships between France and Malaysia. Dato’ Azman Mahmud, the CEO of MIDA and Mr. Frédéric Rossi, COO of Business France signed on behalf of their organisations. As one of Malaysia’s major trading partners in the EU, France is a very important market for Malaysian exporters. In view of this, MATRADE signed an MoU with Business France to further enhance trade promotion activities and relevant capacity building between both countries. This MoU was inked by Ir Dr Mohd Shahreen Zainooreen Madros, CEO of MATRADE and Mr. Frédéric Rossi.

On the same note, both Ministers also witnessed the signing of a Letter of Intent (LoI) between Talent Corporation Malaysia Berhad (TalentCorp) and Business France. Under the LoI, both agencies agree to facilitate internship opportunities by both countries. This will be carried out through a twoyear pilot programme targeting 50 Malaysians and 50 French nationals, beginning 2017. The frequent visits between Malaysia and France affirm our active and productive bilateral engagements. My officials and I hold continuous engagements with the French companies in Malaysia. Thus far, we already had a few sessions with the French businesses. These are important for us to continuously facilitate doing business in the country.” said YB Dato’ Sri Mustapa Mohamed.

Malaysia and France continue to enjoy strong bilateral relations. In 2016, France was Malaysia’s 18th largest global trading partner, 20th largest exports destination and 16th largest source of imports. Within the European Union (EU), France was Malaysia’s 4th largest trading partner, 4th largest exports destination and 2nd largest source of imports. Total trade between Malaysia and France in 2016 increased by 6.3% in Ringgit terms to RM15.23 billion. Malaysia’s exports to France amounted to RM5.75 billion, while imports stood at RM9.49 billion compared with 2015.

In terms of investment, France is Malaysia’s 5th largest foreign investor in the manufacturing sector among the EU member states. As at December 2016, a total of 117 manufacturing projects have been implemented, and these investments have provided more than 10,000 job opportunities in the ountry. Majority of these investments are in petroleum products, machinery & equipment, transport equipment, chemical & chemical products and basic metal products. The cumulative investment of top ten manufacturing projects implemented by French companies totalled RM11.19 billion. These include ST Microelectronic, Lafarge, CJ Arkema, Safran, Technip and Airbus.

In terms of regional establishments, France is the largest approved investor from the EU for the period of 2006-2016 with 73 projects amounting to RM2.2 billion. Some of the companies that established regional operation include ESI Group (Regional Office), Saint Gobain Malaysia Sdn Bhd (Operational Headquarters), InfoVista Sdn Bhd (Operational Headquarters), Monin Asia KL Sdn Bhd (Regional Distribution Center), Centre Technique Des Mecaniques-CETIM (Representative Office).

Ministry of International Trade and Industry (MITI)28 March 2017



Approved Permit (AP) Application for the Importation of Vehicles and Heavy Machineries through the ePermit System, Effective 1st April 2017

Effective 1st April 2017, all Approved Permit (AP) applications for the importation of vehicles and heavy machineries must be made through the ePermit System. In view of this, companies are advised to make the necessary preparation for the transition.

For enquiries relating to the ePermit registrations and applications, kindly contact DagangNet Technologies Sdn. Bhd. at:

Tower 3, Avenue 5,The Horizon Bangsar South,No 8 Jalan Kerinchi,59200 KUALA LUMPUR.Tel : 03.2730.0200Fax : 03.2713.2990Careline : 1.300.133.133Website : http://www.dagangnet.comEmail : [email protected] / [email protected]

Announcement

Implementation Of Customs Duty Order 2017 In The Trade Facilitation Information System (TFIS), Effective 1st April 2017

In line with Customs Duty Order (PDK) 2017 enforcement and improvement of current TFIS, the following dates are to be duly noted by all AP applicants:

AP Application through TFIS need to be submitted latest by 28 March 2017(Tuesday) at 5.30pm; and

All approved APs need to be printed latest by 30 March 2017 (Thursday) at 12.00 afternoon.

TFIS will resume normal operations on 1 April 2017

Export Import Control SectionMinistry of International Trade and Industry



New AppointmentName: Mohd Khairi Mohd Hanafiah

Designation: Second Secretary (Economy) MITI Office Jakarta, Indonesia

Effective Date: 03 April 2017Email: [email protected]

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MEDIA RELEASE Weekly...Jan 2016 : 7,084 tones Growth: 6.6% Jan 2017 : 1,477 tones Jan 2016 : 2,699...

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Transcript of MEDIA RELEASE Weekly...Jan 2016 : 7,084 tones Growth: 6.6% Jan 2017 : 1,477 tones Jan 2016 : 2,699...