Malaysia and the European Union will resume negotiations on their FTA in May and June after four years of interruption as Malaysia was focused on the Trans-Pacific Partnership agreement.
Malaysia and the European Union will resume negotiations on their free trade agreement (FTA) in May and June. (Photo: New Straits Times Online)
Kuala Lumpur (VNA)♈ – Malaysia and the European Union will resume negotiations on their free trade agreement (FTA) in May and June after four years of interruption as Malaysia was focused on the Trans-Pacific Partnership (TPP) agreement.
Speaking at a seminar on prospects for Malaysia-EU relations by 2020 held in Kuala Lumpur on April 20, Secretary General of the Malaysian International Trade and Industry Ministry Tan Sri Rebecca Sta Maria said that the signing of the TPP is a motivation for both sides to restart their negotiation process halted since May 2012.
She affirmed that Malaysia has learnt a lot of lessons from the TPP negotiations which could be used in negotiating the FTA with the EU.
Chairman of the EU-Malaysia Chamber of Commerce and Industry (EUMCCI) Fermin Fautsch stated that over 2,000 European companies are operating in Malaysia alone and 11,000 in total in from the Association of Southeast Asian Nations (ASEAN).
The EU currently ranks second in terms of foreign direct investment (FDI) in Malaysia, and is the country’s third largest trade partner with total trade value reaching 38 billion USD.
The bloc signed FTAs with Singapore and Vietnam, and is in negotiations with the Philippines. It plans to start FTA negotiations with Thailand in the near future.-VNA
The negotiation on the free trade agreement (FTA) between Malaysia and the European Union (EU) is scheduled to conclude within the first quarter of 2016 after a five-year process.
The Central Bank of Malaysia has forecasted the economy to falter in 2016, as the country has been navigating a challenging economic environment, driven by the global economic and financial situation.
Malaysia and the European Union has initialed the text of the Malaysia-EU Partnership and Cooperation Agreement (MEUPCA), according to the Malaysian Ministry of Foreign Affairs.
Malaysia advocates the importance of multilateralism and regional cooperation as well as networks of diplomatic relations to collectively address emerging security challenges.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
Malaysia and the European Union will resume negotiations on their free trade agreement (FTA) in May and June. (Photo: New Straits Times Online)
