Public and Private Sectors Commitment Necessary To Improve Malaysia’s Competitiveness Enhancing Malaysia’s competitiveness requires concerted efforts and commitment from both the public and private sectors, says International Trade and Industry Minister Dato’ Sri Mustapa Mohamed. He said the existing strong public-private sector collaboration would be intensified to ensure the momentum to achieve a developed nation status remained high. The minister also said the government would ensure the successful implementation of the National Transformation Policy which encompassed the economic and government transformation programmes.“This commitment does not only serve to facilitate the ease-of-doing business but also encourage the private sector to step up efforts to invest in technology and pursue innovation continuously,” he said in a statement. Malaysia continues its upward trend making it among the top 20 most competitive economies. The Global Competitiveness Report (GCR) 2014-2015 of the World Economic Forum ranked Malaysia 20 th out of 144 economies compared with its 24 th position out of 148 countries recorded previously. With an enhanced competitiveness performance, Malaysia (20 th ) was ahead of developed economies such as Austria (21 st) , Australia (22 nd ), France (23 rd ), Ireland (25 th ) and South Korea (26 th ). Among Asia-Pacific countries, Malaysia improved to sixth position out of 28 countries from seventh in 2013 after Singapore, Japan, Hong Kong, Taiwan and New Zealand. The GCR is an annual report published by the World Economic Forum based on the Global Competitiveness Index that integrates both macro and micro economic aspects of competitiveness. It uses 70 per cent perception data obtained through the Executive Opinion Survey from high level private sector executives and 30 per cent statistical data. Elsewhere, Malaysia ranked an outstanding fourth in the Financial Market Development pillar, reflecting its efforts to position itself as the leading center of global Islamic finance. Despite the positive trend in Malaysia’s competitive performance, Mustapa said the ministry and its agency, Malaysia Productivity Corporation, would continue their leading roles in coordinating efforts to enhance Malaysia’s competitiveness. “This would include the indicators in the Global Competitiveness Report and other similar reports as baseline information for competitiveness strategy formulation,” he said. Source: Bernama, 4 September 2014 MITI in the news “Malaysia is on a journey. The destination is clear: high-income nation, advanced economy status. Just like any journey, there may be some bumps along the way. We may need to adjust our course to avoid roadblocks. But the important thing is our destination remains the same. “ NajibRazak.com MITI Weekly Bulletin/ www.miti.gov.my “DRIVING Transformation, POWERING Growth”
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Public and Private Sectors Commitment Necessary To Improve Malaysia’s Competitiveness
Enhancing Malaysia’s competitiveness requires concerted efforts and commitment from both the public and private sectors, says International Trade and Industry Minister Dato’ Sri Mustapa Mohamed. He said the existing strong public-private sector collaboration would be intensified to ensure the momentum to achieve a developed nation status remained high.
The minister also said the government would ensure the successful implementation of the National Transformation Policy which encompassed the economic and government transformation programmes.“This commitment does not only serve to facilitate the ease-of-doing business but also encourage the private sector to step up efforts to invest in technology and pursue innovation continuously,” he said in a statement.
Malaysia continues its upward trend making it among the top 20 most competitive economies. The Global Competitiveness Report (GCR) 2014-2015 of the World Economic Forum ranked Malaysia 20th out of 144 economies compared with its 24th
position out of 148 countries recorded previously. With an enhanced competitiveness performance, Malaysia (20th) was ahead of developed economies such as Austria (21st), Australia (22nd), France (23rd), Ireland (25th) and South Korea (26th).
Among Asia-Pacific countries, Malaysia improved to sixth position out of 28 countries from seventh in 2013 after Singapore, Japan, Hong Kong, Taiwan and New Zealand. The GCR is an annual report published by the World Economic Forum based on the Global Competitiveness Index that integrates both macro and micro economic aspects of competitiveness.
It uses 70 per cent perception data obtained through the Executive Opinion Survey from high level private sector executives and 30 per cent statistical data. Elsewhere, Malaysia ranked an outstanding fourth in the Financial Market Development pillar, reflecting its efforts to position itself as the leading center of global Islamic finance.
Despite the positive trend in Malaysia’s competitive performance, Mustapa said the ministry and its agency, Malaysia Productivity Corporation, would continue their leading roles in coordinating efforts to enhance Malaysia’s competitiveness.
“This would include the indicators in the Global Competitiveness Report and other similar reports as baseline information for competitiveness strategy formulation,” he said.
Source: Bernama, 4 September 2014
MITI in the news
“Malaysia is on a journey. The destination is clear: high-income nation, advanced economy status. Just like any journey, there may be some bumps along the way. We may need to adjust our course to avoid roadblocks. But the important thing is our destination remains the same. “
NajibRazak.com
MITI Weekly Bulletin/ www.miti.gov.my
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MITI Begins Investigation on Anti-dumping on Import of Steel Bar From China and South Korea
Source : Ministry of International Trade and Industry, 6 August 2014
The Ministry of International Trade and Industry (MITI) today said it has decided to initiate a preliminary investigation on imports of steel concrete reinforcing bar in straight length form originating from China and South Korea.
In a statement today, MITI said it had received a petition from a domestic producer for the imposition of anti-dumping duty on imports of the steel products.
“The petitioner alleges that imports of steel concrete reinforcing bar in straight length form originating from China and South Korea are being dumped into Malaysia at a price much lower than the price in the domestic market of the alleged countries, and this is causing material injury to the local market in Malaysia,” MITI said.
The petitioner further claims that imports from the alleged countries have increased in absolute terms.
As a result, the petitioner had suffered material injury, among others, increase in import volume, price undercutting, price depression, price suppression, reduction in employment and wages, loss of profit and return on investment.
MITI said in accordance with the Countervailing and Anti-Dumping Duties Act 1993 and its related Regulations, a preliminary determination would be made within 120 days from the date of the initiation.
“If the final determination is affirmative, the Government may impose an anti-dumping duty at the rate that is necessary to prevent further injury,” MITI added.
MALAYSIATrade Performance, January-July 2013 and January-July 2014
10.7%*
5.8%*
Jan-Jul 2014
Jan-Jul 2013Exports Imports
RM
398.
5 bi
l.R
M44
1.3
bil.
RM37
1.1
bil.
RM
392.
8 bi
l.
40
45
50
55
60
65
70
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
2013 2014
Exports
Imports
61.1
57.5
RM billion
Note: * y-o-y growthSource : Department of Statistics, Malaysia
MITI Weekly Bulletin/ www.miti.gov.my
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Exports Imports
0 20 40 60 80 100 120 140 160
E&E
Petroleum Products
LNG
Chemicals & Chemical Products
Palm Oil
144.0
43.1
37.0
29.3
27.0
130.2
34.9
33.3
27.5
25.6
Jan - Jul 2014Jan - Jul 2013
0 20 40 60 80 100 120
E&E
Petroleum Products
Chemicals & Chemical Products
Machinery, appliances & parts
Transport Equipment
104.8
49.0
36.3
33.2
22.6
101.4
40.7
31.7
31.2
23.1
Jan - Jul 2014Jan - Jul 2013
Top Five Products, January-July 2013 and January-July 2014
RM billion RM billion
Source : Department of Statistics, Malaysia
Top Five Trading Partners, January-July 2014
0
20
40
60
80
100
120
140
0 1 2 3 4 5 6 7 8 9 10
Notes : 1. Figure in parentheses refers to the value of Malaysia’s trade with these five countries for the period of January-July 2014; and percentage change y-o-y. 2.The size of bubbles reflects the share of Malaysia’s trade with these countries in January-July 2014.
PRC(RM117.0 bil., 5.9%)
14.0%13.6%
9.6%
5.5%
8.0%
Japan(RM80.3 bil., 2.0%)
Thailand(RM46.1 bil., 3.4%)
Singapore(RM113.5 bil., 7.9%)
USA(RM66.8 bil., 7.4%)R
M b
illio
n
Growth (%)
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MITI Weekly Bulletin/www.miti.gov.my
Source: http://populationpyramid.net
Population Pyramid of the Selected Countries, 2020Malaysia: 32.9 million PRC: 1,432.9 million Singapore: 6.1 million
Age Age Age
World Population, 20207, 716.7 million
Brazil: 211.1million South Africa: 55.1 million India: 1,353.3 millionAge Age Age
Malaysian Ringgit Exchange Rate with US Dollar and Euro January 2013-August 2014
Gold and Silver Prices, 3 January-29 August 2014
Aluminium, Nickel and Copper Prices, January 2013-August 2014
0
5000
10000
15000
20000
25000
Jan 13 Feb 13 Mar 13 Apr 13 May 13 Jun 13 Jul 13 Aug 13 Sep 13 Oct 13 Nov 13 Dec 13 Jan 14 Feb 14 Mar 14 Apr 14 May 14 Jun 14 Jul 14 Aug 14
Aluminium Copper Nickel
US$18,600
US$7,002
US$2,030
18
20
22
24
26
28
30
35
36
37
38
39
40
41
42
43
44
45
3 Jan 10 Jan 17 Jan 24 Jan 30 Jan 7 Feb 14 Feb 21 Feb 28 Feb 7 Mar 14 Mar 21 Mar 28 Mar 4 Apr 11 Apr 18 Apr 25 Apr 2 May 9 May 16 May 23 May 30 May 6 Jun 13 Jun 20 Jun 27 Jun 4 Jul 11 Jul 18 Jul 1 Aug 8 Aug 15 Aug 22 Aug 29 Aug
3.503.603.703.803.904.004.104.204.304.404.504.60
2.902.953.003.053.103.153.203.253.303.353.40
Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec Jan Feb Mar Apr May June July Aug
2013 2014
US Dollar (USD) Euro (EUR)1 EUR = RM 4.23
1 USD = RM 3.18
Source : Bank Negara, Malaysia
MITI Weekly Bulletin/www.miti.gov.my
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Weekly Number and Value of Preferential Certificates of Origin (PCOs)
Source: Ministry of International Trade and Industry, Malaysia
Number of CertificatesValue of Preferential Certificates of Origin
AJCEP: ASEAN-Japan Comprehensive Economic Partnership (Implemented since 1 February 2009)
ACFTA: ASEAN-China Free Trade Agreement (Implemented since 1 July 2003) AKFTA: ASEAN-Korea Free Trade Agreement (Implemented since 1 July 2006)
AANZFTA: ASEAN-Australia-New Zealand Free Trade Agreement(Implemented since 1 January 2010)
AIFTA: ASEAN-India Free Trade Agreement (Implemented since 1 January 2010)
ATIGA: ASEAN Trade in Goods Agreement (Implemented since 1 May 2010)
Value of Preferential Certificates of Origin
Number of Certificates
MICECA: Malaysia-India Comprehensive Economic Cooperation Agreement (Implemented since 1 July 2011)
MNZFTA: Malaysia-New Zealand Free Trade Agreement (Implemented since 1 August 2010)MCFTA: Malaysia-Chile Free Trade Agreement (Implemented since 25 February 2012)
Number of Certificates
Notes: The preference giving countries under the GSP scheme are Japan, Switzerland, the Russian Federation, Norway and Kazakhstan.
MPCEPA: Malaysia-Pakistan Closer Economic Partnership Agreement (Implemented since 1 January 2008)
Value of Preferential Certificates of Origin
Value of Preferential Certificates of Origin
MAFTA: Malaysia-Australia Free Trade Agreement (Implemented since 1 January 2013)
MJEPA: Malaysia-Japan Economic Partnership Agreement (Implemented since 13 July 2006)
Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group
Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated
Source :
18 Jul 1 Aug 8 Aug 15 Aug 22 Aug 29 Aug Rubber SMR 20/MT 1,671.5 1695.5 1660.5 1666.5 1647.5 1614.5 Cocoa SMC 2/MT 2,736.1 2,789.1 2,819.4 2,827.0 2,827.0 2,683.0 Crude Palm Oil/MT 863.7 822.0 792.0 750.0 720.0 693.0 Raw Sugar/MT 366.0 354.3 339.5 340.5 337.5 345.5
Rubber SMR 20
Cocoa SMC 2
Crude Palm Oil
Raw Sugar
0.0
500.0
1,000.0
1,500.0
2,000.0
2,500.0
3,000.0
US$
/MT
18 Jul 1 Aug 8 Aug 15 Aug 22 Aug 29 Aug Crude Petroleum/bbl 101.6 98.5 95.7 93.8 94.5 94.6 Scrap Iron/MT 380.0 380.0 380.0 380.0 380.0 380.0 Iron Ore/MT 140.0 140.0 140.0 130.0 130.0 130.0 Coal/MT 60.5 60.5 60.0 60.1 59.0 57.2
Crude Petroleum
Scrap Iron
Iron Ore
Coal
0.0
50.0
100.0
150.0
200.0
250.0
300.0
350.0
400.0
88.0
90.0
92.0
94.0
96.0
98.0
100.0
102.0
104.0
US$
/MTUS$
/bb
l
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MITI Weekly Bulletin/ www.miti.gov.my
US Trade in Goods and Services, July 2014
Exports$198.0 billion 0.9%
Source : MITI Washington
Imports$238.6 billion
0.7%
Trade Balance-$40.6 billion
-0.5%
Total Trade$436.6 billion 0.8%
Trade Balance
AGGREGATE MEASUREMENT OF SUPPORT (AMS)
The annual level of support expressed in monetary terms for all domestic support measures where government funds are used to subsidize farm production and incomes. Price support can be provided either through administered prices (involving transfers from consumers) or through certain types of direct payments from governments.
TOTAL AGGREGATE MEASUREMENT OF SUPPORT (TOTAL AMS)
The sum of all domestic support provided to agricultural producers. It is the total of all AMS for basic agricultural products and all AMS not aimed at a specific product.
HOW TO CALCULATE?
Price support is generally measured by multiplying the gap between the applied administered price and a specified fixed external reference price (“world market price”) by the quantity of production eligible to receive the administered price.
Example:Wheat• Intervention price for wheat = $225 per
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