Government TPR |
WT/TPR/G/366 |
G-III§71 |
Malaysia |
2017 |
Trade Policy Framework |
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ASEAN and the U.S. are currently working on the finalization of the ASEAN-US Cooperation in Fostering Cooperation in Telecommunications and Information Technology Services and to also organize a workshop on illegal wildlife trafficking in 2017.
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Keywords
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Government TPR |
WT/TPR/G/366 |
G-III§80 |
Malaysia |
2017 |
Trade Policy Framework |
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Relevant information
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In the next decade, Malaysia and ASEAN will continue to provide emphasis on the development and promotion of micro, small and medium enterprises (MSMEs) in economic integration efforts. At the same time, Malaysia and ASEAN will likewise embrace the evolving digital technology as leverage to enhance trade and investments, provide an e-based business platform, promote good governance, and facilitate the use of green technology.
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Keywords
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Government TPR |
WT/TPR/G/366 |
G-III§88 |
Malaysia |
2017 |
Trade Policy Framework |
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Relevant information
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During the review period of 2014 to 2017, Malaysia notably supported APEC initiatives by fulfilling commitments to eliminate or reduce duties to 5% on 54 products under the APEC Environmental Goods List, which came into effect on 1st January 2016. (...)
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Keywords
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Government TPR |
WT/TPR/G/366 |
G-IV§12 |
Malaysia |
2017 |
Measures |
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Agriculture |
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On 4 April 2017, the European Parliament adopted the Resolution on Palm Oil and Deforestation of Rainforest as a move to introduce minimum sustainability criteria for palm oil and palm oil-based products that enter the EU market. According to the EU, this is to ensure that palm oil imported into the EU has not led to deforestation and not given rise to economic, social and environment problems and conflicts, such as child and forced labour. To achieve this, various measures were proposed by the EU, including the ban of palm oil in biofuels, switching to a single EU-wide sustainability certification, introduction of discriminative tariffs between certified and sustainable palm oil (CSPO) and non-CSPO and allowing only sustainable certified palm oil to be imported into the EU after 2020. The EU explained this is part of their commitments in various international sustainable-related agreements, such as the Paris Agreement and the 2030 Agenda on Sustainable Development.
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Keywords
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Forest
Sustainable
Environment
Bio
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Government TPR |
WT/TPR/G/366 |
G-IV§13 |
Malaysia |
2017 |
Measures |
Technical regulation or specifications |
Agriculture |
Relevant information
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The EU is the third largest market for palm oil, while Malaysia is one the largest producers and exporters of palm oil products in the world. The EU Resolution is seen as discriminatory to palm oil and would result in NTBs that have adverse impact on Malaysia’s palm oil exports to the EU. As part of Malaysia’s commitment to sustainable oil palm cultivation, the Malaysian Sustainable Palm Oil (MSPO) Scheme on a voluntary basis has been implemented since January 2015. MSPO has been developed based on domestic laws and regulations, and best practices on sustainability. To support MSPO implementation, the Malaysian Palm Oil Certification Council was also established in 2014. To promote certified sustainable palm oil and further strengthen the image of the palm oil industry, in 2017, the Government announced the mandatory implementation of MSPO certification to nationwide palm oil producers and processors by 31 December 2019.
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Keywords
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Government TPR |
WT/TPR/G/366 |
G-IV§14 |
Malaysia |
2017 |
Sectors |
General environmental reference |
Agriculture |
Relevant information
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Other initiatives include a joint seminar by the Friends of Palm Oil (FPO), namely Malaysia, Indonesia, Thailand, Colombia, Guatemala, Ecuador, Costa Rica and Honduras on “Sustainability and NTBs to Trade – The case study of palm oil” held on 26 September 2017 on the side-lines of the WTO Public Forum. The session involving presentations by nine panellists from the Government and private sectors, as well as non-governmental organisations (NGOs), was held to negate and correct the negative perception on palm oil based on factual and scientific evidence, showcase respective Governments’ initiatives towards various sustainability criteria, as well as challenges faced by FPO due to unjustified NTBs imposed by some WTO members.
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Keywords
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Government TPR |
WT/TPR/G/366 |
G-V§34 |
Malaysia |
2017 |
Measures |
Other price and market based measures |
Services |
Relevant information
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Recognising the importance of green finance as a new asset class, the SC through the ACMF took a leadership position in driving the agenda in the ASEAN region, beginning with its efforts to develop ASEAN Green Bond Standards (GBS). In March 2017, an announcement on the cooperation between ACMF and the International Capital Market Association (ICMA) was made to introduce ASEAN GBS that will be applied across capital markets in ASEAN. This initiative will facilitate ASEAN capital markets in tapping green finance to support sustainable regional growth and as an avenue to meet investors who are interested in green investments. It is also a part of ACMF’s broader efforts in developing green finance for the region.
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Keywords
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Government TPR |
WT/TPR/G/366 |
G-V§37 |
Malaysia |
2017 |
Trade Policy Framework |
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Relevant information
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To further drive the development and growth of Malaysia’s ICM (Islamic Capital Market), the SC launched a five-year Islamic Fund and Wealth Management Blueprint (Blueprint) on 12 January 2017. The Blueprint identifies strategies and key initiatives to strengthen Malaysia’s positioning as a global hub for Islamic funds. It also aims to establish Malaysia as a regional centre for Shariah-compliant sustainable and responsible investment (SRI), leveraging Malaysia’s position as the largest SRI market in Asia.
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Keywords
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Government TPR |
WT/TPR/G/366 |
G-V§38 |
Malaysia |
2017 |
Measures |
Other price and market based measures |
Services |
Relevant information
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The SRI (sustainable and responsible investment) Sukuk Framework launched on 28 August 2014 is an extension of the existing sukuk framework, and aims to facilitate the financing of sustainable and responsible investment initiatives. The Framework identifies four broad areas for determining project eligibility namely natural resources, energy-related, social impact and waqf.
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Keywords
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Natural resources
Sustainable
Energy
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Government TPR |
WT/TPR/G/366 |
G-V§39 |
Malaysia |
2017 |
Measures |
Other price and market based measures |
Services |
Relevant information
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Sukuk that has been issued under the SRI (sustainable and responsible investment) framework include a social impact sukuk as well as Malaysia’s first green sukuk which was issued on 27 July 2017. The green sukuk is envisaged as an innovative instrument to address global funding gaps in green financing.
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