ID :
150713
Mon, 11/22/2010 - 16:24
Auther :
Shortlink :
https://oananews.org//node/150713
The shortlink copeid
MALAYSIA TO CONCLUDE MORE FTAS BY 2012
KUALA LUMPUR, Nov 22 (Bernama) -- Malaysia aims to conclude more Free Trade Agreements (FTAs) by 2012, says the Ministry of International Trade and Industry Deputy Secretary-General, Dr Rebecca Fatima Sta Maria.
"There is so much on our plate right now. We want to conclude as much as possible by 2012," she told Bernama after speaking as a panelist at the Global Business Leaders Forum here Monday.
Themed, Global Growth Through Emerging Markets:Asia and the Commonwealth, the Forum is organised by the Commonwealth Business Council (CBC) and the Malaysian government.
Recently, Malaysia and India had inked a FTA which could potentially generate US$15 billion in trade by 2015.
According to Rebecca, Malaysia is currently in talks with Turkey, the European Union (EU), Australia and the Trans-Pacific Partnership (TPP) that comprises eight countries.
"All the different FTAs have their own timeline and the TPP for example, will take more time, as a number of countries are involved," she explained.
Speaking in relation to the CBC today, she said there is more to be done by it.
"I think they must go beyond organising conferences by having some solid outcomes later. Otherwise, it would be just all talk," she added.
She added there must be some form of interaction between the economic officials of the countries involved and the business community to help both sides to grow and move forward.
"I think there must be a more structured form of having business to business exchanges that the CBC can undertake, for example, taking a lead role or a sort of participation in major trade events," Rebecca highlighted.
"There is so much on our plate right now. We want to conclude as much as possible by 2012," she told Bernama after speaking as a panelist at the Global Business Leaders Forum here Monday.
Themed, Global Growth Through Emerging Markets:Asia and the Commonwealth, the Forum is organised by the Commonwealth Business Council (CBC) and the Malaysian government.
Recently, Malaysia and India had inked a FTA which could potentially generate US$15 billion in trade by 2015.
According to Rebecca, Malaysia is currently in talks with Turkey, the European Union (EU), Australia and the Trans-Pacific Partnership (TPP) that comprises eight countries.
"All the different FTAs have their own timeline and the TPP for example, will take more time, as a number of countries are involved," she explained.
Speaking in relation to the CBC today, she said there is more to be done by it.
"I think they must go beyond organising conferences by having some solid outcomes later. Otherwise, it would be just all talk," she added.
She added there must be some form of interaction between the economic officials of the countries involved and the business community to help both sides to grow and move forward.
"I think there must be a more structured form of having business to business exchanges that the CBC can undertake, for example, taking a lead role or a sort of participation in major trade events," Rebecca highlighted.
