Free Trade Agreement Malaysia Japan

Mjepa is malaysia s first comprehensive agreement.

Free trade agreement malaysia japan. Exports to japan decreased by 12 9 to reach rm63 28 billion us 15 23 billion. 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. Asean japan comprehensive economic partnership ajcep in effect as of 1 december 2008. 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. 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. Total trade with japan contracted by 4 8 to rm120 26 billion us 28 98 billion from rm126 27 billion us 32 46 billion in 2015. Mjepa came into force on 13 july 2006.

The free trade agreements fta which the malaysian government has signed can help companies to export. Imports increased by 6 3 to rm56 98 billion us 13 75 billion. Asean india free trade area aifta in effect as of 1 january 2010. 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.

Currently malaysia has seven bilateral free trade agreements ftas with the following countries. Malaysia was japan s 10th largest trading partner. The association of southeast asian nations asean members have established the asean free trade area. Malaysia and japan established the malaysia japan economic partnership agreement mjepa on 13 december 2005.

On october 17 2019 the united states and japan reached an agreement on market access for certain agriculture and industrial goods. To date malaysia has eliminated duties for 93 57 of products in the normal track. Asean has bilateral agreements with the following countries and blocs. Asean china free trade area acfta in effect as of 1 january 2010.

Australia chile india japan new zealand pakistan and turkey. 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.