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26 June 2014, Kuala Lumpur - YB Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry (MITI) led a dialogue session with 16 companies in Perlis, organised by the Malaysian Investment Development Authority (MIDA), today.  YB Minister was accompanied by YBhg. Dato’ Azman Mahmud, Chief Executive Officer of MIDA, and other officials from MITI and MIDA.
According to Dato’ Sri Mustapa, “There are many opportunities in Perlis that investors should be made to be aware of. All that we need to do is to position Perlis as a state of opportunity.  The State is mainly driven by the agriculture sector.  Notwithstanding this, it is heartening to note that approved investments in the manufacturing sector for 2013 in Perlis have increased substantially by nine times the figures achieved in the year of 2011, a testimony that this state is becoming an increasingly competitive destination for investments.”

“We are actively working with all stakeholders including the private sector to create a more conducive business environment for all states including Perlis.  We need to get the population on board so that necessary adjustments can be made with as wide-spread a level of support as possible,” said Dato’ Sri Mustapa.

As at 31 December 2013, a total of 48 projects have been implemented in Perlis with investments amounting to RM1.0 billion. Domestic investments amounted to RM674.3 million or 70.0 per cent while foreign investments totalled RM368.9 million or 30.0 per cent. These projects have generated 6,054 employment opportunities to the State. The manufacturing investments in Perlis were concentrated in the industries of non-metallic mineral, plastic, rubber, electronics & electrical, transport equipment, cement and clinker, and food-based products.

Earlier in the day, YB Minister visited Universiti Malaysia Perlis, (UniMAP), Malaysia’s 17th public institution of higher learning in the country.

INITIATION OF ANTI-DUMPING INVESTIGATION CONCERNING IMPORTS OF HOT-ROLLED COILS (HRC), CHEQUERED COILS AND PICKLED & OILED COILS (P&O COILS) ORIGINATING IN OR EXPORTED FROM THE PEOPLE’S REPUBLIC OF CHINA, THE REPUBLIC OF INDONESIA AND THE REPUBLIC OF KOREA

On 20 May 2014, the Government of Malaysia received a petition from a domestic producer requesting an imposition of anti-dumping duty on imports of HRC, Chequered Coils and P&O Coils. The petitioner alleges that imports of HRC, Chequered Coils and P&O Coils originating in or exported from the People’s Republic of China, the Republic of Indonesia and the Republic of Korea are being dumped into Malaysia at a price much lower than the price in the domestic market of the alleged countries. The petitioner claims that this has caused material injury to the domestic industry in Malaysia.

The petitioner further claims that the imports from the alleged countries have increased in terms of absolute quantity.  As a result, the petitioner had suffered material injury, among others, price depression, price suppression, loss of market share, reduction in domestic sales, decline in profitability and low return on investment.

Based on the official petition received, the Government has therefore decided to initiate an investigation on imports of HRC, Chequered Coils and P&O Coils from the People’s Republic of China, the Republic of Indonesia and the Republic of Korea.

In accordance with the Countervailing and Anti-Dumping Duties Act 1993 and its related Regulations, a preliminary determination will be made within 120 days from the date of initiation. If the preliminary determination is affirmative, the Government may impose a preliminary anti-dumping duty at the rate that is necessary to prevent further injury.

MITI has provided a set of questionnaires in relation to this investigation. All interested parties (importers, foreign producers, exporters and associations) may request for the questionnaires no later than 2 July 2014. Interested parties are also invited to make their views known in writing, in particular by replying to the questionnaires with supporting evidence to MITI on or before 27 July 2014. In the event of no additional information is received within the specified period, the Government may make its preliminary findings based on the available facts.

Further enquiries regarding this investigation can be directed to:

Director

Trade Practices Section

Ministry of International Trade and Industry (MITI)

Level 14, Block 8, Government Offices Complex

Jalan Duta

50622 Kuala Lumpur

MALAYSIA

INITIATION OF ANTI-DUMPING INVESTIGATION CONCERNING IMPORTS OF POLYETHYLENE TEREPHTHALATE ORIGINATING IN OR EXPORTED FROM THE PEOPLE’S REPUBLIC OF CHINA, THE REPUBLIC OF INDONESIA AND THE REPUBLIC OF KOREA

On 19 May 2014, the Government of Malaysia has received a petition from a domestic producer requesting imposition of anti-dumping duty on imports of polyethylene terephthalate. The petitioner alleges that imports of polyethylene terephthalate originating in or exported from the People’s Republic of China, the Republic of Indonesia and the Republic of Korea are being dumped into Malaysia at a price much lower than the price in the domestic market of the alleged countries. The petitioner claims that this is causing material injury to the domestic industry in Malaysia.

The petitioner further claims that the imports from the alleged countries have increased in terms of absolute quantity.  As a result, the petitioner had suffered material injury, among others, price undercutting, price depression, price suppression, loss of market share, reduction in domestic sales, decline in profitability and low return on investment.

Based on the official petition received, the Government has therefore decided to initiate a preliminary investigation on imports of polyethylene terephthalate from the People’s Republic of China, the Republic of Indonesia and the Republic of Korea.

In accordance with the Countervailing and Anti-Dumping Duties Act 1993 and its related Regulations, a preliminary determination will be made within 120 days from the date of initiation. If the preliminary determination is affirmative, the Government may impose a preliminary anti-dumping duty at the rate that is necessary to prevent further injury.

MITI has provided a set of questionnaires in relation to this investigation. All interested parties (importers, foreign producers, exporters and associations) may request for the questionnaires no later than 30 June 2014. Interested parties are also invited to make their views known in writing, in particular by replying to the questionnaires with supporting evidence to MITI on or before 15 July 2014. In the event of no additional information is received within the specified period, the Government may make its preliminary findings based on the available facts.

Further enquiries regarding this investigation can be directed to:

Director

Trade Practices Section

Ministry of International Trade and Industry (MITI)

Level 14, Block 8, Government Offices Complex

Jalan Duta

YB MENTERI’S SESSION WITH

FOREIGN MISSIONS AND BUSINESS COUNCILS

20 MARCH 2014

YB Dato ‘ Sri Mustapa Mohamed, Minister of International Trade and Industry hosted a special Session with Foreign Missions and Business Councils on 20th March 2014 at the MATRADE Exhibition & Convention Centre.

This is the 5th year MITI is organizing such a Session. It is part of MITI’s regular and continuous engagements with foreign missions and the international business communities based in Malaysia to provide updates on Malaysia’s Economic Outlook, trade and investment developments and MITI’s strategic priorities.

This year’s Session included a Panel Discussion where some Ambassadors and Business Councils were invited to share their views and perspectives on the global economic outlook for 2014 as well as to seek views and ideas on how MITI can be more effective in improving and enhancing bilateral economic relations.

A total of 200 officials comprising Ambassadors/High Commissioners, representatives of embassies and international business councils attended the session.

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY, MALAYSIA
MEDIA STATEMENT
WORLD ECONOMIC FORUM (WEF) EAST ASIA 2014 AND
TRADE & INVESTMENT MISSION TO MANILA, THE PHILIPPINES,
21 – 23 MAY 2014

  • YB Dato‟ Sri Mustapa Mohamed, Minister of International Trade and Industry will participate in the World Economic Forum (WEF) on East Asia in Manila and lead a Trade and Investment Mission to the Philippines from 21st to 23rd of May 2014.
  • The WEF is an independent international organization based in Switzerland that is committed to improving the state of the world by engaging business, politician, academic and other leaders of society to shape global, regional
    and industry agendas and issues. The WEF organises the highly successful WEF Annual Forum in Davos, Switzerland in January every year.
  • The WEF East Asia Forum is a regional extension of the WEF Annual Forum. The first WEF East Asia was held 23 years ago. Manila is hosting this event for the first time.
  • The events in World Economic Forum: East Asia provided opportunities to further elevate the stature of Malaysia as one of the preferred destination for trade, investment and tourism in the region. Malaysia would have the opportunity to showcase her experience in transforming the country through Government Transformation Programme (GTP) and the Economic Transformation Program (ETP) with a preview of Chairmanship of ASEAN
    in 2015.
  • The theme for this year‟s Forum in Manila is „Leveraging Growth for Equitable Progress. The Forum will focus on ASEAN‟s journey towards the realization of the ASEAN Economic Community (AEC) in 2015, the Post
    AEC 2015 Agenda and its impact on the East Asia Region. YB Dato‟ Sri Mustapa Mohamed had been invited to participate and contribute in the  following sessions :

    1. Public Session : a Panelist: “Connect on Trade: Lifting Barriers to Growth” (Live Webcast) on the 22nd May;
    2. Private Session: Special Guest: “ASEAN Partnership Programme for East Asia: Advancing the ASEAN Economic Community through Public-Private Collaboration” on 22nd May; and
    3. Private Session: Special Guest: “AEC 2015: What Next?” on the 23rd May.
  • The program for YB Dato‟ Sri during the Trade and Investment Mission includes a bilateral meeting with Honourable Gregory L. Domingo, current Secretary of Trade and Industry of Philippines, one-to-one business meetings with large Philippines companies and MNCs, Roundtable meetings with the Philippine-Malaysia Business Council and the Philippines business community.
  • The Minister of International Trade and Industry will also lead the Malaysian delegation of businesses that are looking towards enhancing their presence or making breakthrough in Philippines. They are scheduled to meet with their Philippines counterparts in seeking opportunities for co-operation in trade and investments.
  • The Trade and Investment Mission is a follow-up to the official visit of the President of the Philippines, His Excellency Benigno S. Aquino III to Malaysia on 27 and 28 February 2014.

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY
21 MAY 2014

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