Secretariat TPR |
WT/TPR/S/366 |
S-Summary§22 |
Malaysia |
2017 |
Sectors |
Other price and market based measures |
Services |
Relevant information
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In line with the Eleventh Malaysia Plan, 18 services subsectors were liberalized in 2012 and up to 100% foreign equity participation is now allowed for wholesale and retail trade, healthcare, professional services, environmental services, courier, and education subsectors. (...)
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Keywords
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Secretariat TPR |
WT/TPR/S/366 |
S-II§16 |
Malaysia |
2017 |
Trade Policy Framework |
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The Economic Planning Unit (EPU) in the Prime Minister's Department developed the 11th Malaysia Plan (11th MP) for 2016-20, as the final part of Vision 2020. The main aim of the 11th MP is to rebrand Malaysia as a centre for high technology and global activities. Strategies in the next five years include strengthening investment in the manufacturing and services sectors, and promoting both domestic and foreign investment. It identified six strategic thrusts:
(...)
d. pursuing green growth for sustainability and resilience; (...)
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Secretariat TPR |
WT/TPR/S/366 |
S-II§17 |
Malaysia |
2017 |
Trade Policy Framework |
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The 11th MP also highlighted six "game changers" to accelerate Malaysia's development: unlocking the potential of productivity; lifting the bottom 40% of households towards a middle-class society; enabling industry-led technical and vocational education and training; embarking on green growth; translating innovation to wealth; and investing in competitive cities.
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Keywords
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Secretariat TPR |
WT/TPR/S/366 |
S-Table-II.1 |
Malaysia |
2017 |
Trade Policy Framework |
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Table 2.1 Sectoral plans, and trade and investment tools
Sectoral plans Trade and investment tools
(...)
National Commodity Policy 2011-20 Enhancing regional and international cooperation;
Branding of quality, sustainable and environmental friendly commodity-based products;
Encouraging compliance with international standards;
Expanding markets;
Participating in RTA negotiations
(...)
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Keywords
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Secretariat TPR |
WT/TPR/S/366 |
S-II§21 |
Malaysia |
2017 |
Trade Policy Framework |
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Relevant information
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Other legislative changes include: (...) the amendment to the Malaysian Biofuel Industry Regulation 2014, to reduce dependency on fossil fuels for a greener environment and expand palm oil usage; and the implementation of the Import Legality Regulation under the Timber Legality Assurance System, to ensure all imported timber is from legal sources.
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Secretariat TPR |
WT/TPR/S/366 |
S-II§26 |
Malaysia |
2017 |
Trade Policy Framework |
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Between March 2014 and October 2017, Malaysia was not involved in any new WTO dispute settlement cases either as a complainant or respondent. It participated as a third party in:
(...)
c. the India – Solar Cells complaint by the United States (DS456); and
d. the EU – Biodiesel complaint by Argentina (DS473).
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Keywords
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Secretariat TPR |
WT/TPR/S/366 |
S-II§47 |
Malaysia |
2017 |
Trade Policy Framework |
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Relevant information
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As an APEC member, Malaysia has:
a. fulfilled the commitments to eliminate or reduce import tariffs to 5% on the 54 products under the APEC Environmental Goods List 2012, which came into effect on 1 January 2016;
(...)
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Secretariat TPR |
WT/TPR/S/366 |
S-II§50 |
Malaysia |
2017 |
Trade Policy Framework |
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Since the previous review in 2014, there has not been any significant change to the legislative and institutional framework governing investment. Both domestic and foreign investment in Malaysia continues to be regulated under the Promotion of Investment Act (PIA) 1986, and the Industrial Co-ordination Act (ICA) 1975. The PIA sets out rules on corporate income tax relief for the establishment and development in Malaysia of certain economic activities, as well as for the promotion of exports. The ICA aims at maintaining orderly development and growth in Malaysia's manufacturing sector, and requires manufacturing companies of a certain size to be licensed. [25]
[25] In accordance with the ICA, person(s) engaging in any manufacturing activity with shareholders' funds of RM2.5 million and above or employing 75 or more full-time paid employees must obtain a manufacturing licence. Manufacturing licences are issued automatically within seven days unless they relate to sensitive industries/activities: security, safety, health, environmental and religious considerations; projects proposed to be located in Sabah or Sarawak; or projects requiring approval under the Petroleum Development Act. Responses to manufacturing licence applications in these sensitive areas should be provided within four weeks.
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Secretariat TPR |
WT/TPR/S/366 |
S-II§53 |
Malaysia |
2017 |
Trade Policy Framework |
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Relevant information
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(...) Focus in the services sector is in the areas of principal hubs , logistics, and the ecosystem surrounding e-commerce, green technology, renewable energy, and waste management.
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Keywords
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Renewable
Energy
Waste
Green
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Secretariat TPR |
WT/TPR/S/366 |
S-Table-III.4 |
Malaysia |
2017 |
Measures |
Ban/Prohibition, Import licences |
Other |
Relevant information
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Table 3.4 Import prohibition and licensing schedules
Schedule Description
(...)
Third schedule
(...) Part III Conditional prohibition, except in the manner provided for, for goods controlled under the International Trade in Endangered Species Act 2008
(...)
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