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

Pic: Shutterstock

Textiles | On 19th Feb 2020

CLMV nations urged to export goods items to Japan

Cambodia, Laos, Myanmar and Vietnam (CLMV) were recently encouraged...

Pic: Shutterstock

Apparel/Garments | On 19th Feb 2020

Turkey's apparel sector sets $19 bn export target in 2020

Turkey's apparel sector, which sold goods worth $17.7 billion to...

Pic: Waleeds / Shutterstock.com

Textiles | On 19th Feb 2020

Pakistan textile exports up 3.68% in July-Jan FY20

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Abhishek Ganguly, Puma India

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Textile industry, Head honchos

Textile industry
Head honchos

It is a well-calibrated budget

Sanjay Yagnik, Maa Tex Speciality

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Tejas N Patel, Navin D Patel,

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Eric Fessler,

Eric Fessler

Manufacturer of textile machinery and complete fibre-to-yarn lines, N...

Johan Berlin, Investkonsult Sweden AB

Johan Berlin
Investkonsult Sweden AB

Investkonsult Sweden AB are consultants in the nonwoven and absorbent...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Kai Poehler, Voith Paper GmbH & Co. KG

Kai Poehler
Voith Paper GmbH & Co. KG

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

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

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

Leave your Comments


February 2020

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


Advanced Search