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Ministry to Intensify Dissemination of Info on TPPA, Says Mustapa

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Ministry to Intensify Dissemination of Info on TPPA, Says Mustapa “DRIVING Transformation, POWERING Growth” MITI in the News Ministry to Intensify Dissemination of Info on TPPA, Says Mustapa The dissemination of the information on the Trans-Pacific Partnership Agreement (TPPA) will be intensified in an easy-to-understand language that will be easy to understand. Minister of International Trade and Industry, Dato’ Sri Mustapa Mohamed, said since the rakyat were interested to know about the pact, he would meet groups, including community leaders, non-government organisations (NGOs), entrepreneurs and government representatives, to explain the pact. “Maybe, they oppose because they did not understand about TPPA,” he told reporters after a briefing to over 1,000 representatives from government offices, NGOs and entrepreneurs at Kota Bharu. He said other than face-to-face meetings, the ministry would also give information on TPPA via its portal. “We are responsible and it is important we have to be transparent,” he said. It was reported that Asia-Pacific trade ministers had reached a deal on the TPPA following five years of negotiations. The parties involved are Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam. Meanwhile, at a media briefing in Kuala Lumpur, Gerakan president Datuk Mah Siew Keong said many people needed to know in details the TPPA earlier before it was debated in Parliament. “I understand the people’s worry about TPPA. Many fear that it would affect the costs of medicines and business,” he said. Source : Bernama, 12 October 2015 “DRIVING Transformation, POWERING Growth” MALAYSIA Trade Performance Total Trade Exports Imports Jan - Aug 2015: RM941.9 billion Jan - Aug 2015: Jan - Aug 2015: 1.7%* RM498.1 billion RM443.8 billion * * 1.4% August 2015: 2.0% RM122.9 billion August 2015: August 2015: 0.8%* RM66.5 billion RM56.3 billion 1.0%# 4.1%* 6.1%* 5.2%# Notes : * y-o-y growth 7.4%# # m-o-m growth Trade Performance, January 2014 - August 2015 RM billion 128.9 125.1 123.9 123.9 122.9 125.8 120.3 123.7 124.1 121.7 120.5 118.3 118.5 119.7 118.3 116.2 113.9 115.4 107.4 101.8 64.1 64.1 57.6 58.9 48.5 64.9 55.4 66.2 57.5 64.8 59.2 61.2 57.1 61.1 57.5 63.9 60.0 64.5 55.2 65.0 63.9 63.6 52.6 67.4 58.5 63.6 54.6 53.2 48.6 66.5 58.6 60.4 53.5 60.5 54.9 64.3 56.3 63.2 60.9 66.5 56.3 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug 2014 2015 Exports Imports Total Trade Export by Sectors January - August 2015 January - August 2014 Others Others 0.6% 0.7% Agricultural Agricultural Goods Goods 8.7% 45.7% Mining Goods Growth (y-o-y) 10.8% Mining Goods Manufactured Goods : 3.0% 13.7% Total Exports Total Exports Mining Goods : 22.7% RM498.1b RM505.0b Agricultural Goods : 5.2% Manufactured Manufactured Others : 14.9% Goods Goods 76.5% 79.9% Source : Department of Statistics, Malaysia MITI Weekly Bulletin / www.miti.gov.my E & E Products E & E Products “DRIVING Transformation, POWERING Growth” Top 10 Export Products (RM billion) E & E Products January - August 2015 7.4% January - August 2014 Chemicals & Chemica 5.7% Petroleum Products LNG Palm Oil -27.4% -25.8% -7.9% 177.7 165.5 35.8 33.8 35.0 48.2 31.3 42.2 28.4 30.8 E & E Chemicals & Chemical Petroleum Products LNG Palm Oil Products Machinery, appliance Manufactures of Crude Petroleum 14.3% 15.6% -27.4% Optical & Scientific 2.8% 8.7%Rubber Products 23.0 20.1 20.3 17.5 16.6 22.9 16.3 15.8 12.9 11.9 Machinery, Appliances Manufactures of Crude Petroleum Optical & Scientific Rubber Products & Parts Metal Equipment Note : Percentage refers to y-o-y growth Top 10 Export Destinations, January - August 2015 10 ROK 4 RM15.8b USA -11.1% RM46.6b 12.4% 3 2 PRC Japan RM65.2b RM48.2b 9.3% -12.5% 7 Hong Kong India RM24.3b RM20.5b -1.4% -0.5% 6 Thailand Singapore RM28.9b RM69.4b 8.5% -3.7% These countries 5 1 contributed 71.5% of Australia Malaysia’s total exports RM17.8b Indonesia -21.4% RM18.9b 9 8 -10.7% Note : Percentage refers to y-o-y growth Source : Department of Statistics, Malaysia MITI Weekly Bulletin / www.miti.gov.my “DRIVING Transformation, POWERING Growth” ‘ and You ’ ASEAN Index of Economic Freedom, 2015 (Business Freedom Component) Scores between 0-100 SINGAPORE MALAYSIA 1 96.9 2 93.5 THAILAND BRUNEI VIETNAM 72.5 DARUSSALAM 61.5 3 4 68.3 5 LAOS PHILLIPINES INDONESIA 59.5 55.3 49.3 6 7 8 CAMBODIA MYANMAR 29.2 28.7 9 10 Business freedom is an overall indicator of the efficiency of government regulation of business. The quantitative score is derived from an array of measurements of the difficulty of starting, operating, and closing a business. The business freedom score for each country is a number between 0 and 100, with 100 equaling the freest business environment. The score is based on 10 factors, all weighted equally, using data from the World Bank’s Doing Business study. Each of these raw factors is converted to a scale of 0 to 100, after which the average of the converted values is computed. The result represents the country’s business freedom score. Unless otherwise noted, the Index relies on the following sources in determining business freedom scores, in order of priority: World Bank, Doing Business 2013; Economist Intelligence Unit, Country Commerce, 2009–2012; U.S. Department of Commerce, Country Commercial Guide, 2009–2012; and official government publications of each country. Source: http://www.heritage.org/index/business-freedom MITI’s ASEAN Portal can be accessed via http://aec2015.miti.gov.my/ MITI Weekly Bulletin / www.miti.gov.my “DRIVING Transformation, POWERING Growth” International Report US Trade Performance, August 2015 Trade in Goods and Services Trade in Goods and Services IMPORTS (USD Billion) EXPORTS (USD Billion) 41.1 60.6 Services Services 40.8 60.3 192.4 124.5 Goods August (Import) Goods August (Export) 189.8 128.5 July (Import) July (Export) 233.4 185.1 Goods and Services Goods and Services 230.6 188.8 0 50 100 150 200 250 0 50 100 150 200 US Trade with ASEAN Member States, August 2015 4,500 4,000 3,500 3,000 2,500 2,000 US$ million US$ 1,500 4,490.1 4,026.0 3,969.0 3,316.8 1,000 2,136.6 335.2 500 1,537.4 22.9 10.7 4.8 0 Vietnam Singapore Malaysia Thailand Indonesia Philippines Cambodia Myanmar Brunei Laos Hong Kong Belgium US$22.7b US$23.4b (3%) Netherlands (4%) US$27.1b (4%) South Korea Canada US$29.6b US$189.8b US Top 10 (4%) (30%) Export Destinations, Germany UK US$32.8b US$37.5b Total Exports (5%) (6%) US$1,008.7 billion January - August 2015 Japan US$42.9b (7%) Mexico China US$158.0b US$74.6b ( 25%) (12%) Source : Bureau of Economic Analysis MITI Weekly Bulletin / www.miti.gov.my “DRIVING Transformation, POWERING Growth” Purchasing Managers Index (PMI) for Selected Economies United Kingdom USA 55 58 57.5 54.0 54.0 57 54 53.5 53.3 56 55.9 55.7 53.0 52.7 55 55.1 53 54.8 54.0 Index Points Index Index Points Index 54 51.9 51.9 53.9 53.8 52 51.8 54.1 51.6 53.9 53.6 51.5 51.4 51.5 53 53.1 53.0 51 52 Russia Japan 52 53 51.7 52.4 51 52.2 50.4 52 52.0 50.3 51.7 52.0 51.6 51.7 50 49.7 51.2 51 50.9 51.0 49.1 49 48.9 48.9 48.7 Index Points Index Index Points Index 50.3 48.3 50 50.1 48.1 49.9 48 47.9 47.6 47.6 47 49 China Singapore 51 53 50.7 50.2 50.4 51.9 51.8 52 50 50.0 49.7 49.6 49.4 51 49.6 50.5 50.4 49.2 50.2 49 49.9 48.9 50 49.6 49.7 49.6 49.6 49.7 Index Points Index Index Points Index 49.3 48 47.8 49 48.6 47.3 47.2 47 48 Germany 54 53.3 53 52.8 Notes : 1. PMI is an indicator of the economic health of the 52.3 manufacturing sector. The PMI index is based on 52.1 51.9 52 five major indicators: new orders, inventory levels, 51.2 51.8 51.4 production, supplier deliveries and the employment 51 51.1 51.1 environment. Index Points Index 50.9 2. PMI of more than 50 represents expansion of the 50 manufacturing sector, compared to the previous month. A reading under 50 represents a contraction, while a reading 49.9 49.5 at 50 indicates no change. 49 Source : http://ieconomics.com/manufacturing-pmi MITI Weekly Bulletin / www.miti.gov.my “DRIVING Transformation, POWERING Growth” 10 World Records You didn’t know are being held by Malaysians World’s Largest Hotel World’s Fastest Smash in Badminton World’s Most Selfies Taken in One (First World Hotel) (Tan Boon Heong) Hour (Hazwan Noor) World’s Greatest Women’s Squash Player World’s Fastest Coconut Piercing World’s Largest Capsule Vending (Nicol David) Master Machine (Ho Eng Hui) (Berjaya Times Square) World’s Fastest Man with a Football World’s Largest Parade Of Boats World’s Youngest Pilot to Fly Solo Balanced on Head (Kemaman Terengganu) Around The World (Low Yee Ming) (James Anthony Tan) World’s Longest Underwater Cleanup (Kota Kinabalu, Sabah) Source: https://vulcanpost.com/387171/10-world-records-you-didnt-know-are-being-held-by-malaysians/ MITI Weekly Bulletin / www.miti.gov.my “DRIVING Transformation, POWERING Growth” Number and Value of Preferential Certificates of Origin (PCOs) Number of Certificates (Provisional data) 16 Aug 2015 23 Aug 2015 30 Aug 2015 6 Sep 2015 13 Sep 2015 20 Sep 2015 27 Sep 2015 4 Oct 2015 AANZFTA 942 1,040 916 727 868 674 1,017 1,026 AIFTA 742 724 780 577 614 574 597 776 AJCEP 112 211 210 195 236 167 197 241 ATIGA 4,399 4,422 4,358 4,506 4,346 3,955 4,037 4,837 ACFTA 1,300 1,505 1,461 1,242 1,307 1,021 1,035 1,582 AKFTA 739 912 744 755 825 609 755 778 MICECA 289 336 305 239 250 274 302 311 MNZFTA 15 3 3 2 21 2 7 6 MCFTA 53 110 71 65 77 42 57 77 MAFTA 396 449 436 318 414 368 390 417 MJEPA 764 815 966 771 732 754 824 927 MPCEPA 184 186 170 109 155 115 130 153 GSP 117 160 129 144 123 122 159 176 MTFTA 93 239 283 152 321 141 172 202 Notes: The preference giving countries under the GSP scheme are Cambodia, the Russian Federation, Japan, Switzerland, and Norway.
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