Free Trade Agreement Malaysia Japan

Mjepa is malaysia s first comprehensive agreement.

Free trade agreement malaysia japan. Imports increased by 6 3 to rm56 98 billion us 13 75 billion. The united states and japan have achieved a trade agreement regarding market access for certain agricultural and industrial goods with plans to pursue subsequent negotiations for an expanded free trade agreement. Malaysia was japan s 10th largest trading partner. Australia chile india japan new zealand pakistan and turkey.

The association of southeast asian nations asean members have established the asean free trade area. Sixteenth round of negotiations on a free trade agreement among japan china and the republic of korea november 26 2019 summary of the seventeenth round of the negotiations for japan turkey economic partnership agreement epa october 5 2019. The japan malaysia free trade agreement fta was signed in 2005 and implemented from 2006 with the expectation that it would further enhance the trade and investment relationship between the two countries. The free trade agreements fta which the malaysian government has signed can help companies to export.

Joint press statement on the occasion of the entry into force of the agreement between the government of japan and the government of malaysia for an economic partnership july 2006 agreement between the government of japan and the government of malaysia for an economic partnership december 2005 agreement. On october 17 2019 the united states and japan reached an agreement on market access for certain agriculture and industrial goods. Asean china free trade area acfta in effect as of 1 january 2010. Exports to japan decreased by 12 9 to reach rm63 28 billion us 15 23 billion.

Asean has bilateral agreements with the following countries and blocs. Currently malaysia has seven bilateral free trade agreements ftas with the following countries. It covers trade in industrial and agricultural goods trade in services investment rules of origin customs procedures standards and conformance intellectual property competition policy enhancement of business environment safeguard measures and dispute settlement. The ajcep are fully realised by asean 6 brunei indonesia malaysia the philippines singapore and thailand and japan in 2015 when tariffs on substantially all products have been eliminated except for those on the sensitive track.

Asean japan comprehensive economic partnership ajcep in effect as of 1 december 2008. Asean india free trade area aifta in effect as of 1 january 2010. Asean korea free trade area akfta in effect as of 1 january 2010. Malaysia has already signed and implemented 7 bilateral ftas with japan pakistan india new zealand chile australia and turkey.