Home / Knowledge / News / Textiles / FTA with Malaysia on cards
FTA with Malaysia on cards
08
May '10
Malaysia offers duty-free access into its markets to Bangladesh goods only if Bangladesh commences negotiations on a two-way free trade agreement (FTA) with Malaysia, said industry sources.

The Ministry of International Trade and Industry, Malaysia, has assured that the duty-free facility will only be implemented once the Bangladesh government, which had recently pushed for duty-free facilities on its goods, initiates negotiations on FTA between the two countries.

According to industrial sources, “Malaysian government has verbally assured us that, 19 products are likely to receive duty-free access into the Malaysian markets, under the early harvest program, but only after negotiations on FTA begin.”

Last week, the Bangladesh High Commission in Kuala Lumpur, read a directive to the Ministry of Foreign Affairs, Dhaka, saying that, the Malaysian officials are hoping for an early assessment of their proposal put forth before the Bangladeshi government in order to commence with the negotiations on FTA as soon as possible.

As per industrial sources, about two-months back Dhaka started working towards duty-free entry into Malaysian markets for 19 of its goods. The key products that Bangladesh government intends on exporting to Malaysia include, ceramic, jute products, knitted apparels, woven clothing, leather goods and the like.

During 2008-09, Bangladesh exported goods to Malaysia amounting to $31.28 million as against its imports from Malaysia that amounted to $694 million, during the same period.

Currently, Malaysia has two-way FTAs with Sri Lanka and Pakistan amongst other South Asian countries.

Fibre2Fashion News Desk - India


Must ReadView All

Textiles | On 24th Jun 2017

Applied DNA to tag cotton for 2017/18 US ginning season

Applied DNA, provider of DNA-based supply chain security,...

Apparel/Garments | On 24th Jun 2017

NPD Group launches Trend Tracker for apparel trends

Global information company the NPD Group has launched Trend Tracker,...

Textiles | On 24th Jun 2017

Cotton USA’s first innovation competition in UK ends

Cotton USA has announced the successful close to its first innovation ...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search