A free trade agreement (FTA) is an international agreement between two or more countries aimed at reducing or reducing barriers to trade and bringing economic integration closer together. Ensuring better access for EU exporters to the dynamic ASEAN market is a priority for the EU. Negotiations for an EU-ASEAN trade and investment agreement between the regions started in 2007 and were interrupted by mutual agreement in 2009 to become a bilateral negotiating format. These bilateral trade and investment agreements were conceived as building blocks for a future agreement between the regions. Malaysian SMEs are therefore encouraged to take advantage of free trade agreements and develop a good understanding of the trade provisions and requirements of free trade agreements in order to take advantage of the benefits of free trade agreements to penetrate global markets. To date, Malaysia has signed 14 free trade agreements: as a trading nation with a small domestic market, it is essential for Malaysia to continue to establish an open trade and investment regime in order to stimulate economic growth, create opportunities for highly skilled jobs and promote technological development and innovation. In addition, the increasing internationalization of trade and participation in global value chains (GCC) is enabling Malaysian SMEs to achieve economies of scale, increase market share and increase productivity. In this regard, Malaysia has engaged in various free trade agreements (FTAs) to create better market access opportunities for Malaysian goods and services. Although the EU-Malaysia FTA negotiations are frozen, a Sustainability Impact Assessment (SIA) has been launched to support the FTA negotiations between the two partners. The objective of the SAA is to assess the potential impact of the trade and trade provisions of the proposed free trade agreement on economic, social, human rights and environmental aspects in any trading partner and in other relevant countries. Malaysia is one of the 10 members of the Association of Southeast Asian Nations (ASEAN), the region`s third largest economy in terms of GDP (12%) and the EU`s third largest trading partner in ASEAN. Now that I have received the documentation and authorization from the PCO, how can I apply for a preferential tariff concession? The ASEAN region is a dynamic market with about 640 million consumers and is considered the eighth largest economy in the world.
After the United States and China, countries as a group are the EU`s third largest trading partner outside Europe. Negotiations for a free trade agreement (FTA) between the EU and Malaysia began in 2010 and were frozen in 2012, at Malaysia`s request, after seven rounds. An inventory was drawn up in 2016-17 to assess the prospect of a resumption of negotiations. After the general elections in Malaysia in May 2018, the new government has not yet taken a position on the possible resumption of negotiations. . . .