Free Trade Agreement Australia Malaysia
9. The main advantage of the «co-equal» approach is that it combines the objectivity of the CLC`s preferred Australian approach – there is a single and clear rule for each tariff line – with Malaysia`s greater familiarity and comfort with the RVC-based approach. The AGREEMENT on alternative approaches by ROO also provides additional flexibility for Australian exporters who, for whatever reason, may opt for the export of their products as part of the RVC-based test. For some products, there is an additional possibility for exporters and producers to use a rule based on the production process. 4. Contracting parties should also hold consultations on non-tariff measures to determine the flexibility to free up additional means to facilitate bilateral trade in goods. . Provide a platform for further trade and investment liberalization in the future; . The abolition of tariffs on 94.8 per cent of Malaysian tariff lines in 2013 rose to 98.6 per cent in 2016, 98.8 per cent in 2020 and 98.9 per cent in 2026. In 2013, 97.6% of imports from Australia will be processed duty-free under AAAA and 98.9% of these imports will increase in 2016 and 99% in 2017.41 During the negotiations, a wide range of stakeholders saw an interest in the AEA, including public notices received prior to the start of negotiations. These stakeholders included groups and individuals from the agricultural sector, manufacturing, services, trade unions, employers` organizations, national governments and stakeholders.
Once implemented, AAÉNA could be entitled to have an impact on a number of these stakeholders. 124. Overall, industry associations have voted in favour of negotiating the MAFTA, provided that the agreement is far-reaching and has brought clear benefits to Australian industry. As noted in the above analysis, liberalization will take place through a wide range of tariff lines across all sectors and will include improvements in regulation and access to services markets. This will create new opportunities for Australian exporters and investors. 13. Nevertheless, non-tariff barriers are an important issue for trade with Malaysia. About a quarter of Malaysian customs posts are subject to import certificates, most of which are not automatic (i.e. discretionary). In 2008, Malaysia introduced tariff quotas for 18 agricultural products, including liquid milk. Malaysia has implemented other restrictive practices, such as the requirement for potential importers. B to obtain «no objections» from competing Malaysian producers regarding duty-free imports in certain sectors where high tariffs are maintained.
AAÉNA is in line with Australia`s trade objectives. It is a comprehensive, high-quality trade agreement that complements multilateral and regional trade reform. This agreement builds on AANZFTA`s results to meet the economically viable «AANZFTA plus» commitments of Australian exporters of goods and services and investors for the Malaysian market. The AAPA complies with Australia`s international obligations, including those of the WTO and AANZFTA. 133. Trade liberalization under the EEA is expected to boost trade between Australia and Malaysia and boost real and real GDP for both countries. 27. While our trade relations are healthy and growing, our bilateral investment relations are in comparison under-solicited. Malaysia is already a major investor in Australia. MaFTA could create a strengthened environment to support new Malaysian investment and encourage increased Australian investment in Malaysia.