1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
VOLUME 504
MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeekly
B U L L ET I N2 October 2018 | NO. ISSN : 2180-0448
Trade Performance for the Month of July 2018 and the Period of January- July 2018
Mal
aysi
a St
atis
tics
Source: Department of Statistics, Malaysia
Leading Index (LI), July 2018
Malaysia’s economy is expected to continue growing at a slower rate between November 2018 to January 2019
Month on Month Percentage change by leading index components
Note:The Leading Index measures anticipations of the overall economic activity in the months ahead. The index tells us where the economy is going.
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MITI Weekly Bulletin | www.miti.gov.my
Mal
aysi
a St
atis
tics
PPI for local production decreased 0.3% in August 2018 compared to August 2017
119.8
Index Numbers
August 2018
August 2017
106.6 106.9
0.3%
PRODUCER PRICE INDEX (PPI) ( 2010 = 100 )
PPI for local production performance , 2011 - August 2018
108.3
106.7
106.3
106.8107.1
106.4106.7 106.6
105.0
105.5
106.0
106.5
107.0
107.5
108.0
108.5
Jan Feb Mar Apr May Jun Jul Aug
Index number
2018
Source : Department of Statistics, Malaysia
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Source : Department of Statistics, Malaysia
PPI for local production by sector , August 2018
Note: Growth refers to year on year growth
PRODUCER PRICE INDEX (PPI) ( 2010 = 100 )M
alay
sia
Stat
isti
cs
PPI for local production by stage of processing, August 2018
Crude materials for further processing
Finished goods
Electricity & gas supplyIndex:116.0
Agriculture, forestry & fishingIndex:96.7
MiningIndex:109.2
ManufacturingIndex:106.8
Water supplyIndex:114.6
0.6%
-0.5%
-1.7%
-13.2%
28.6%
Note: Growth refers to year on year growth
Growth
Total
Index: 106.6Growth: -0.3%
Intermediate materials, supplies and components
Index: 108.1Growth: -1.4%
Index: 111.5Growth: 7.2%
Index: 100.0Growth: -3.3%
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MITI Weekly Bulletin | www.miti.gov.my
144.9 143.8
54.0 41.8 33.20
50
100
150
200
Malaysia Philippines Indonesia Germany Netherlands
USD million
Malaysia was ranked number one exporter of Dodecan-1-ol "lauryl alcohol", hexadecan-1-ol "cetyl alcohol" and octadecan-1-ol "stearyl alcohol" in 2017
Inte
rnat
iona
l St
atis
tics
Malaysia’s top five export destinations for Dodecan-1-ol "lauryl alcohol", hexadecan-1-ol "cetyl alcohol" and octadecan-1-ol "stearyl alcohol" in 2017
Notes : - % Share in Malaysia’s export - *Refers to HS 290517
Source: http://www.trademap.org/Index.aspx
9.9%US$74.5
mil.
28.8% 28.6%
10.7% 8.3% 6.6%
Note: - % Share in world exports
1 2 3 4 5
JapanUS$55.6 mil
38.4%
ChinaUS$24.9 mil
17.2%
USAUS$21.5 mil
14.8%
ROKUS$9.7 mil
6.7%
Chinese TaipieUS$5.7mil
3.9%
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Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
0
20
40
60
80
100
120
140
160
0
5
10
15
20
25
30
35
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
No.
of C
ertif
icat
e of
Orig
in
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
1,000
2,000
3,000
4,000
5,000
6,0008
Jul
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN Trade in Goods Agreement (ATIGA)
Total FOB (RM mil.) Total CO
0
500
1,000
1,500
2,000
2,500
3,000
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-China Free Trade Agreement (ACFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
1,400
0
500
1,000
1,500
2,000
2,500
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Korea Free Trade Agreement (AKFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
0
20
40
60
80
100
120
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Japan Comprehensive Economic Partnership (AJCEP)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
700
800
900
0
50
100
150
200
250
300
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-India Free Trade Agreement (AIFTA)
Total FOB (RM mil.) Total CO
0
200
400
600
800
1,000
1,200
1,400
1,600
0
20
40
60
80
100
120
140
160
180
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)
Total FOB (RM mil.) Total CO
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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
250
300
350
400
450
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Japan Economic Partnership (MJEPA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
0
20
40
60
80
100
120
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Pakistan Closer Economic Partnership (MPCEPA)
Total FOB (RM mil.) Total CO
0
2
4
6
8
10
12
14
16
0.00
0.10
0.20
0.30
0.40
0.50
0.60
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-New Zealand Free Trade Agreement (MNZFTA)
Total FOB (RM mil.) Total CO
0
10
20
30
40
50
60
70
80
90
100
0
5
10
15
20
25
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Chile Free Trade Agreement (MCFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
400
450
500
0
20
40
60
80
100
120
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)
Total FOB (RM mil.) Total CO
0
100
200
300
400
500
600
0
10
20
30
40
50
60
70
80
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Australia Free Trade Agreement (MAFTA)
Total FOB (RM mil.) Total CO
0
50
100
150
200
250
300
350
0
50
100
150
200
250
300
8 Ju
l
15 J
ul
22 J
ul
29 J
ul
5 A
ug
12 A
ug
19 A
ug
26 A
ug
2 Se
p
9 Se
p
16 S
ep
23 S
ep
No.
of C
ertif
icat
e of
Orig
in
RM m
il.
Malaysia-Turkey Free Trade Agreement (MTFTA)
Total FOB (RM mil.) Total CO
Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia
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MITI Weekly Bulletin | www.miti.gov.my
Source : Bank Negara, Malaysia
Malaysian Ringgit Exchange Rate with Selected Countries,January 2017 - August 2018
US Dollar
Canadian Dollar
New Zealand Dollar
Swiss Franc
Saudi Riyal
Myanmar Kyat
4.4596
3.8862
4.0917
3.50
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
2017 2018
RM
USD 1 = RM
3.3755
3.4288
3.0211
3.1384
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
2017 2018
RM
CAD 1 = RM
3.1735
3.2126
2.7295
2.40
2.50
2.60
2.70
2.80
2.90
3.00
3.10
3.20
3.30
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
2017 2018
RM
NZD 1 = RM
4.42094.4697
3.9775
4.1329
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
2017 2018RM
CHF 1 = RM
118.9006
103.6265
109.0973
95.0
100.0
105.0
110.0
115.0
120.0
125.0
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
2017 2018
RM
SAR 100 = RM
0.3296
0.2745
0.200
0.220
0.240
0.260
0.280
0.300
0.320
0.340
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
2017 2018
RM
MMK 100 = RM
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MITI Weekly Bulletin | www.miti.gov.my
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
Domestic Prices1 Oct 2018
Steel Bars(per MT)
RM2,400– RM2,550
Billets(per MT)
RM2,200– RM2,300
CRUDE PETROLEUM (BRENT) -per bbl-
5.0%*US$82.7
28 Sep 2018
CRUDE PALM OIL -per MT-
4.6%*US$532.5
28 Sep 2018
RUBBER SMR 20 -per MT-
0.4%*US$1,335.0
28 Sep 2018
COCOA SMC 2 -per MT-
6.8%*US$1,376.6
28 Sep 2018
COAL -per MT-
5.2%*US$75.6
28 Sep 2018
SUGAR -per lbs-
4.1%*US¢11.2
28 Sep 2018
SCRAP IRON HMS -per MT-
%*US$380.0
(high)
28 Sep 2018
%*US$360.0
(low)
29 Dec 2017 : US$66.9
Highest2017/2018
29 June 2018 : US$82.7
9 Feb 2018 : US$62.8 23 June 2017 : US$45.5
Lowest2017/2018
20 Jan 2017 : US$843.0
Highest2017/2018
9 Mar 2018 : US$691.5
24 Aug 2018 : US$532.5 30 June 2017 : US$650.0
Lowest2017/2018
Average Price 2017 i : US$55.0 Average Price 2017 i : US$719.7
Average Price 2017 i : US$1,646.6 Average Price 2017 i : US$1,439.0 Average Price 2017 i : US¢15.8
Average Price 2017 i : US$314.5Average Price 2017 i : US$57.2
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Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
1,633.7
1,463.5
1,489.2
1,408.5
1,311.4 1,303.6
1,423.5
1,448.61,472.2 1,472.9 1,476.6
1,376.6
1,200
1,250
1,300
1,350
1,400
1,450
1,500
1,550
1,600
1,650
1,700
13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 Sep 28 Sep
US$
/mt
Cocoa
2,459 2,4442,386
2,301
2,1902,152 2,150
1,984
1,868 1,866 1,871 1,867
1,500.0
1,700.0
1,900.0
2,100.0
2,300.0
2,500.0
2,700.0
13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep
US$
/mt
Pepper
1,314.5
1,342.5
1,332.5
1,316.5
1,349.0
1,339.5
1,373.5
1,349.0
1,322.5
1,336.51,340.5
1,335.0
1,280
1,290
1,300
1,310
1,320
1,330
1,340
1,350
1,360
1,370
1,380
13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 Sep 28 SepU
S$/m
t
Rubber SMR 20
71.0 70.5
68.7 68.567.6
65.9
68.769.8
67.869.0
70.8
73.3
75.3
73.174.3
73.2 72.871.8
75.877.4 76.8
78.178.8
82.7
50
55
60
65
70
75
80
85
13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep
US$
/bbl
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl
602.0605.0
587.5
572.5570.5 569.0
545.0 545.0
562.5
566.5
558.0
532.5530
540
550
560
570
580
590
600
610
13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 Sep 28 Sep
US$
/mt
Crude Palm Oil
11.0
11.1
10.9 10.9
10.5
10.210.2
10.6
11.0
12.0
11.7
11.2
10.0
10.5
11.0
11.5
12.0
12.5
13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep
US¢
/lb
s
Sugar
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15.8
15.5 15.5 15.5
15.3
14.6
14.9
14.6
14.2 14.1
14.4
14.7
13.0
13.5
14.0
14.5
15.0
15.5
16.0
13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep
US$
/oz
Silver
40.1
39.2
39.5
39.1 39.0
38.0
38.5 38.5 38.6 38.6
38.5
38.2
36.5
37.0
37.5
38.0
38.5
39.0
39.5
40.0
40.5
13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 Sep 28 Sep
US$
/oz
Gold
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.
1,79
1 1,86
1
1,90
1
1,92
1
1,91
3
1,88
5
1,90
3
2,03
0 2,09
6
2,13
1
2,09
7
2,08
0
2,21
0
2,18
2
2,06
9
2,25
5 2,30
0
2,23
8
2,08
2
2,05
2
1,400
1,500
1,600
1,700
1,800
1,900
2,000
2,100
2,200
2,300
2,400
Jan
Feb
Mar
Apr
May Jun
Jul
Aug Se
p
Oct
No
v
Dec Jan
Feb
Mar
Apr
May Jun
Jul
Aug
2017 2018
US$
/ to
nn
e
Aluminium
5,75
5 5,94
1
5,82
5
5,68
4
5,60
0
5,72
0
5,98
5
6,48
6
6,57
7 6,80
8
6,82
7
6,83
4 7,06
6
7,00
7
6,79
9
6,85
2
6,82
5 6,96
6
6,25
1
6,05
1
4,000
4,500
5,000
5,500
6,000
6,500
7,000
7,500
Jan
Feb
Mar
Apr
May Jun Jul
Aug Se
p
Oct
No
v
Dec Jan
Feb
Mar
Apr
May Jun Jul
Aug
2017 2018
US$
/ to
nn
e
Copper
9,97
1 10,6
43
10,2
05
9,60
9
9,15
5
8,93
2 9,49
1
10,8
90
11,2
16
11,3
36
11,9
72
11,4
95
12,8
65 13
,596
13,3
93
13,9
38
14,3
66 15
,106
13,7
94
13,4
11
7,000
8,000
9,000
10,000
11,000
12,000
13,000
14,000
15,000
16,000
Jan
Feb
Mar
Apr
May Jun Jul
Aug Se
p
Oct
No
v
Dec Jan
Feb
Mar
Apr
May Jun Jul
Aug
2017 2018
US$
/ to
nn
e
Nickel
Commodity Price Trends
80
.41
89
.44
87
.65
70
.22
62
.43
57
.48
67
.74
76
.07
71
.53
61
.66
64
.24
72
.25 7
6.3
4
77
.46
70
.35
65
.75
66
.10
65
.04
64
.56
67
.15
30.0
40.0
50.0
60.0
70.0
80.0
90.0
100.0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
2017 2018
US$
/dm
tu
Iron Ore
834.6 833.0836.0
840.6
833.2
780.3
792.8790.4
783.3
801.2
832.9
822.4
740.0
750.0
760.0
770.0
780.0
790.0
800.0
810.0
820.0
830.0
840.0
850.0
13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep
US$
/oz
Platinum
390.0 390.0
380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0
375.0 375.0
360.0 360.0 360.0 360.0 360.0 360.0 360.0 360.0 360.0 360.0
300
310
320
330
340
350
360
370
380
390
400
13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep
US
$/m
t
Scrap Iron
Scrap Iron/MT (High) Scrap Iron/MT(Low)
64.4 64.665.2 65.2 65.3 65.4
66.7
70.070.6
71.6 71.8
75.6
58.0
60.0
62.0
64.0
66.0
68.0
70.0
72.0
74.0
76.0
78.0
13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep 28 Sep
US
$/t
Coal
11MITI 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
MIT
I PR
OG
RAM
MES
MITI Minister received a courtesy visit by the Trade Delegation from Wales, United Kingdom and British Malaysian
Chamber of Commerce (BMCC) 24th September 2018
12MITI 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
MIT
I PR
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RAM
MES
MITI Minister at the Opening Ceremony of the 4th Malaysia Oil & Gas Seminar Exhibition and Conference
25th September 2018
13MITI 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
MIT
I PR
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RAM
MES
Productivity Dialogue YB Darell Leiking with Architectural Fraternity
25th September 2018
14MITI 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
MIT
I PR
OG
RAM
MES
MITI Deputy Minister officiated a National Seminar on WTO Agreement, Subsidies & Countervailing Measures (SCM)
25th September 2018
15MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
Source: http://www.miti.gov.my/index.php/glossary
of Technical TermsStandstillStandstill - one of the nine principles in achieving trade and investment liberalization and facilitation which was stated in the Osaka Action Plan (1995) of APEC. Based on this principle, each APEC member economy agrees not to take any measure that might increase protection levels, thus ensuring the sound and effective process of trade and investment liberalization and facilitation.
Stockholm ConventionA global treaty to protect the human health and environment from chemicals that remain intact in the environment for long period of time.
Sustainable GrowthA term much used by environmentalists, meaning economic growth that can continue in the long term without non-renewable resources being used up or pollution becoming intolerable. Mainstream economists use the term, too, to describe a rate of growth that an economy can sustain indefinitely without causing a rise in inflation.
Swiss FormulaA ‘non-linear formula’ which reduces high tariffs, tariff peaks and tariff escalations. Higher tariffs will be subject to greater reductions compared to lower tariffs. A smaller coefficient would result in a deeper cut compared to a larger coefficient.
Swiss Formula :C : Coefficient to determine tariff reductions in each country;t0 : The existing tariff rate for a particular country; andt1 : The bound tariff rate for that country.
Tariff / DutyCustoms duties on merchandise imports. Levied either on an ad valorem basis (percentage of value) or on a specific basis (e.g. $7 per 100 kgs.). Tariffs give price advantage to similar locally-produced goods and raise revenues for the government.
Tariff CappingThe maximum duty allowed after applying the formula for tariff reduction.
Tariff EscalationLow tariffs for raw or unfinished materials, somewhat higher for semi-finished products and highest for finished products. Generally adopted by industrialized countries to restrict import of finished goods from developing countries.
Tariff LineDescription of a single product in a national tariff schedule, together with the applicable tariff/duty rate.
Tariff PeaksRelatively high tariffs, usually on “sensitive” products, amidst generally low tariff levels. For developed countries, tariffs of 15% and above are generally recognised as “tariff peaks”.
Tariff SimplificationThe conversion of non-ad valorem duties into simple ad-valorem duties.
16MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
The Ministry of International Trade and Industry (MITI) would like to invite proposals for the new National Car Project in Malaysia from interested parties.
The Malaysian automotive industry is an important and strategic part of our manufacturing sector. Automotive industry is vital for the country's growth and a new national car project would boost Malaysia's engineering and technological capabilities. The overall automotive industry and related sectors employs more than 700,000 people and contributes almost 4% to Malaysia’s GDP. With more than 25 manufacturing and assembly plants as well as experienced component producers, Malaysia is set to embark on the new national car project.
The project should not be limited to the development of manufacturing capabilities. It should be viewed holistically to include the entire value chain and the ecosystem that makes up the automotive industry. It needs to place emphasis on the development of Research and Development (R&D), new trends and technologies and further spur the growth of the automotive industry in Malaysia as well as other ASEAN Member States.
The New National Car project proposal has to be fully private sector driven with support from the Government in terms of facilitation and assistance based on the companies’ commitments.
Interested parties are welcome to submit proposals not later than 15 October 2018. Proposal can be submitted to:
YBhg. Datin K. TalagavathiDeputy Secretary General's Office (Industry)Ministry of International Trade and Industry
Level 28, MITI TowerNo. 7, Jalan Sultan Haji Ahmad Shah
50480 Kuala LumpurEmail: [email protected]
copy to: [email protected] | [email protected]
Any further enquiries can be directed to:
Puan Maizura Abdul Rashid (03-6200 0567) Encik Md Zakuan Arief Alias (03-6208 4623)
MITI Weekly Bulletin | www.miti.gov.my
Announcements
New National Car Project
17MITI 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
AnnouncementsTentative Schedule for MITI
Pocket Talks 2018No. Date Venue Topic
1 17-Oct MITI HQ
Introduction to FTA & Preferential Certificate of Origin (PCO)
2 14-Nov MITI Sabah
Introduction to FTA & Preferential Certificate of Origin (PCO)
3 5-Dec MITI HQ
Introduction to FTA & Preferential Certificate of Origin (PCO)
4 12-Dec MITI Sarawak
Introduction to FTA & Preferential Certificate of Origin (PCO)
Please click here to register
Notification On Number Of Characters Allowed For Importing HS Code Under ATIGA For ASEAN Single Window (ASW)
Kindly be informed that number of characters allowed in EPCO system for importing HS code under ATIGA is only up to 10 characters.
Example: The correct data entry for importing HS code: √ (10 digits/10 characters) The correct data entry for importing HS code: √ (8 digits/10 characters) The incorrect data entry for importing HS code: x (10 digits/12 characters)
The new changes will come into effect on 1 September 2018 and involves ONLY ATIGA scheme as to accommodate e-form D ATIGA exchange under ASW platform in accordance to Message Implementation Guide (MIG) ASW which only allow 10 characters for the said matter.
Thus, seek your cooperation to ensure the changes are parallel with the information stated in the Letter of Credit (LC).
we thank you for your continuous support and cooperation.
Senior DirectorTrade And Industry Support DivisionMinistry Of International Trade And Industry3 August 2018
18MITI 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.myMITI Weekly Bulletin | www.miti.gov.my
Announcements
For more information, kindly click the following links:http://www.miti.gov.my/miti/resources/Approve%20Permit/AP%20Announcement/Lampiran_GP_Classic_and_
For more information, kindly click the following links:http://www.miti.gov.my/index.php/pages/view/4761Vintage_English.pdf
Issuance of APEC Business Travel Card is temporarily suspendedImmigration Department of Malaysia has issued a notice that due to unavoidable circumstances, the issuance of APEC Business Travel Card is temporarily suspended and ABTC card will not be printed for approved applicants until further notice.
Kindly refer:
http://www.imi.gov.my/index.php/en/resources-and-archives/announcement/1784-notice-of-apec-card-production-suspended-time.html
19MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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Announcements
Registration form are available at https://goo.gl/forms/5WwvDIFzngdquhkF2
20MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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Dear Readers,
Kindly click the link below for any comments in this issue. MWB reserves the right to edit and republish letters as reprints. http://www.miti.gov.my/index.php/forms/form/13
MITI New Delhi Name : Hari Mohan Sharma Designation : Clerk MITI New DelhiContact No : 91-11 2415 9300 - ext 137Email : [email protected]
@ Your Service
MITI Weekly Bulletin wishes to convey our deepest condolences
to families and loved ones of the victims of the tsunami and earthquake in Sulawesi, Indonesia
28 September 2018
Condolences...
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