Seize Business Opportunities Under Malaysia-Chile FTAKUALA LUMPUR, Feb 23 (Bernama) -- Malaysian entrepreneurs have been asked to seize the business opportunities under the Malaysia-Chile Free Trade Agreement, which comes into force on Saturday.The tariff elimination will take effect on Jan 1 every year until 2016.
The International Trade and Industry Ministry said the agreement, signed on Nov 13, 2010, would progressively reduce or abolish tariffs on the agreed list of industrial and agricultural products.
"The FTA will benefit Malaysian exporters as Chile will waive import duties on 6,960 tariff lines (90.2 per cent total tariff lines) from Saturday," the ministry said in a statement today.
It said products of export interest offered to Malaysia include electrical and electronic products, vulcanised rubber thread and cord, surgical gloves, vegetable fats, cocoa butter, fats and oil, furniture and aircraft parts.
-- BERNAMA
We provide (subscription-based)news coverage in our Newswire service.
No comments:
Post a Comment