Weekly MINISTRY OF INTERNATIONAL TRADE AND ... Weekly...3.80 3.90 4.00 4.10 4.20 4.30 4.40 4.50 4.60...
Transcript of Weekly MINISTRY OF INTERNATIONAL TRADE AND ... Weekly...3.80 3.90 4.00 4.10 4.20 4.30 4.40 4.50 4.60...
1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
VOLUME 503
MINISTRY OF INTERNATIONAL TRADE AND INDUSTRYWeekly
B U L L ET I N25 September 2018 | NO. ISSN : 2180-0448
Trade Performance for the Month of July 2018 and the Period of January- July 2018
2.1%2.0%1.1%0.4%0.7%0.0%-1.0%
-1.70%-2.2%-2.9%-3.0%-4.0%
CPI August increased 0.2% compared to August 2017
Inflation Rate for Main Groups, August 2018 / 2017
Mal
aysi
a St
atis
tics
Consumer Price Index (CPI), August 2018CP
I by s
tate
(2010
=100
)
Notes : - % change year-on-year
Transport Housing, Water, Electricity, Gas & Other Fuels Education Food & Non-Alcoholic Beverages Restaurants & Hotels Health Alcoholic Beverages & Tobacco Furnishings, Household Equipment & Routine Household Maintenance Recreation Services & Culture Clothing & Footwear Miscellaneous Goods & Services Communication
Notes : - % change year-on-year
Source: Department of Statistics, Malaysia
Negeri Sembilan 0.6%WP Kuala Lumpur 0.5%Selangor & WP Putrajaya 0.3%Pulau Pinang 0.2%Johor 0.2%Sabah & WP Labuan 0.1%Sarawak 0.0%Pahang 0.0%Kelantan -0.1%Perak -0.1%Terengganu -0.3%Melaka -0.3%Kedah & Perlis -0.3%
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Food & Non-Alcoholic Beverages
Alcoholic Beverages & Tobacco
Clothing & Footwear
Housing, Water, Electricity, Gas & Other Fuels
Furnishings, Household Equipment & Routine Household Maintenance
Health
Transport
Communication
Recreation Services & Culture
Education
Restaurants & Hotels
Miscellaneous Goods & Services
Inflation Rate for Main Groups, Urban and Rural MalaysiaAugust 2018 / 2017
Urban Rural
0.5%
-0.9%
-3.3%
1.9%
-1.7%
-0.1%
2.1%
-4.3%
-2.2%
1.3%
0.7%
-3.1%
0.1%
-0.8%
-1.2%
1.5%
-1.4%
-0.3%
2.2%
-1.9%
-2.1%
0.4%
0.6%
-2.5%
Mal
aysi
a St
atis
tics
Source: Department of Statistics, Malaysia
Notes : - % change year-on-year
Malaysia : 0.2%
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Labour Force, July 2018M
alay
sia
Stat
isti
cs
Number of labour force increased 2.6 % in July 2018 as compared to July 2017
Emplo
yed
July 2018 : 14.88 milJuly 2017 : 14.50 mil
2.6%
Unemployment Rate
July 2018 : 3.4%July 2017 : 3.5%
68.2 68.2 68.2 68.2
68.4
68.568.6
Labour Force Participation Rate
JanFeb Mar Apr
May
JunJul
Year:2018%
Outside Labour Force
July 2018 : 7.0 milJuly 2017 : 7.2 mil
0.7%
- Unemployment rate is the proportion of unemployed population to the total population in labour force. - Labour force participation rate is defined as the ratio of labour force to the working age population(15-64 years), expressed as percentage.
Notes :
Source : Department of Statistics, Malaysia
Notes : Outside Labour Force : All persons not classified as employed or unemployed as stated above are classified as outside labour force. They include housewives, students (including those going for further studies), retired, disabled persons and those not interested in looking or a job.
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Malaysia was ranked number one exporter of Primary cells and primary batteries, electric (excluding spent, and those of silver oxide, mercuric oxide,
manganese dioxide, lithium and air-zinc)* in 2017
Inte
rnat
iona
l St
atis
tics
Malaysia’s top five export destinations for primary cells and primary batteries, electric (excluding spent, and those of silver oxide, mercuric oxide,
manganese dioxide, lithium and air-zinc) in 2017
Notes : - % Share in Malaysia’s export - *Refers to HS 850680Source: http://www.trademap.org/Index.aspx
Malaysia Indonesia USA Thailand Hong Kong SAR Others
20%US$150.2
mil.
14.6%US$109.6
mil.
35.1%US$263.5
mil.
12.6%US$94.4
mil.9.9%
US$74.5mil.
7.8%US$58.2
mil.
USAUS$95.8m
63.8% GermanyUS$23.7m
15.8% SingaporeUS$9.3m
6.2%Hong Kong SAR
US$8.2m5.4%
BelgiumUS$5.9m
3.9%
Note: - % Share in world exports
1
2
34
5
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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
1 Ju
l
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
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
6,0001
Jul
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
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
1 Ju
l
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
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
1 Ju
l
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
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
1 Ju
l
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
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
1 Ju
l
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
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
1 Ju
l
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
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
4001
Jul
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
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
140
160
180
1 Ju
l
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
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
1 Ju
l
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
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
1 Ju
l
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
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
1 Ju
l
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
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
1 Ju
l
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
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
1 Ju
l
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
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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Malaysian Ringgit Exchange Rate with Selected Countries,January 2017 - August 2018
US Dollar
Philippine Peso
Vietnamese Dong
Hong Kong Dollar
Indonesian Rupiah
Indian Rupee
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
8.9685
7.4635
7.6796
6.50
7.00
7.50
8.00
8.50
9.00
9.50
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
PHP 100 = RM
0.0197
0.0171
0.0176
0.0155
0.0160
0.0165
0.0170
0.0175
0.0180
0.0185
0.0190
0.0195
0.0200
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
VND 100 = RM
57.4972
49.5163
52.1265
44.00
46.00
48.00
50.00
52.00
54.00
56.00
58.00
60.00
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
HKD 100 = RM
0.0334
0.0281
0.025
0.026
0.027
0.028
0.029
0.030
0.031
0.032
0.033
0.034
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
IDR 100 = RM
6.5503
6.8277
5.8692
5.8897
5.20
5.40
5.60
5.80
6.00
6.20
6.40
6.60
6.80
7.00
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
INR 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 Prices21 Sep 2018
Steel Bars(per MT)
RM2,400– RM2,550
Billets(per MT)
RM2,250– RM2,350
CRUDE PETROLEUM (BRENT) -per bbl-
0.9%*US$78.8
21 Sep 2018
CRUDE PALM OIL -per MT-
1.5%*US$558.0
21 Sep 2018
RUBBER SMR 20 -per MT-
0.3%*US$1,340.5
21 Sep 2018
COCOA SMC 2 -per MT-
0.3%*US$1,476.6
21 Sep 2018
COAL -per MT-
0.3%*US$71.8
21 Sep 2018
SUGAR -per lbs-
2.8%*US¢11.7
21 Sep 2018
SCRAP IRON HMS -per MT-
%*US$380.0
(high)
21 Sep 2018
%*US$360.0
(low)
29 Dec 2017 : US$66.9
Highest2017/2018
29 June 2018 : US$79.4
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$545.0 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$57.2
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Commodity Price Trends
Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.
1,612.51,633.7
1,463.5
1,489.2
1,408.5
1,311.4 1,303.6
1,423.5
1,448.61,472.2 1,472.9 1,476.6
1,200
1,250
1,300
1,350
1,400
1,450
1,500
1,550
1,600
1,650
1,700
6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 Sep
US$
/mt
Cocoa
2,450 2,459 2,4442,386
2,301
2,1902,152 2,150
1,984
1,868 1,866 1,871
1,500.0
1,700.0
1,900.0
2,100.0
2,300.0
2,500.0
2,700.0
6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep
US$
/mt
Pepper
1,316.0 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
1,280
1,290
1,300
1,310
1,320
1,330
1,340
1,350
1,360
1,370
1,380
6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 Sep
US$
/mt
Rubber SMR 20
73.8
71.0 70.5
68.7 68.567.6
65.9
68.769.8
67.869.0
70.8
77.1
75.3
73.174.3
73.2 72.871.8
75.877.4 76.8
78.178.8
50
55
60
65
70
75
80
85
6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep
US$
/bbl
Crude Petroleum
Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl
610.5
602.0605.0
587.5
572.5570.5 569.0
545.0 545.0
562.5566.5
558.0
530
540
550
560
570
580
590
600
610
620
6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 Sep
US$
/mt
Crude Palm Oil
11.5
11.0
11.1
10.9 10.9
10.5
10.210.2
10.6
11.0
12.0
11.7
10.0
10.5
11.0
11.5
12.0
12.5
6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep
US¢
/lb
s
Sugar
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16.1
15.8
15.5 15.5 15.515.3
14.6
14.9
14.6
14.2 14.1
14.4
13.0
13.5
14.0
14.5
15.0
15.5
16.0
16.5
6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep
US$
/oz
Silver
40.4
40.1
39.2
39.5
39.1 39.0
38.0
38.5 38.5 38.6 38.6
38.5
36.5
37.0
37.5
38.0
38.5
39.0
39.5
40.0
40.5
41.0
6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 30 Aug 7 Sep 14 Sep 21 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
853.2
834.6 833.0836.0
840.6
833.2
780.3
792.8790.4
783.3
801.2
832.9
740.0
760.0
780.0
800.0
820.0
840.0
860.0
6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep
US$
/oz
Platinum
390.0 390.0 390.0
380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0 380.0
375.0 375.0 375.0
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
6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 Sep
US
$/m
t
Scrap Iron
Scrap Iron/MT (High) Scrap Iron/MT(Low)
63.864.4 64.6
65.2 65.2 65.3 65.4
66.7
70.070.6
71.6 71.8
58.0
60.0
62.0
64.0
66.0
68.0
70.0
72.0
74.0
6 July 13 July 20 July 27 July 3 Aug 10 Aug 17 Aug 24 Aug 31 Aug 7 Sep 14 Sep 21 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
YB MITI Minister visited Water Genesis Sdn. Bhd, a distilled water product company in Sarawak on 21 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
OG
RAM
MES
YB MITI Deputy Minister in the 8th Malaysia China Entrepreneurship Conference (MCEC 2018) in Nanjing
The People's Republic of China on 19 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
OG
RAM
MES
Signing of a Memorandum of Understanding (MOU) between General Electric Engine Services Malaysia and Impeccable Vintage Properties
18 September 2018
14MITI 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.
15MITI 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
16MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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
17MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446
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MITI New Delhi Name : Brecta Robert SinghDesignation : Translator MITI New Delhi Contact No : 91-11 2415 9300 - ext 137Email : [email protected]
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