EFTA and Malaysia complete 11th round of trade negotiations

Published 03-09-2021
EFTA and Malaysia Heads of delegation

From 30 August to 3 September 2021, delegations from the EFTA States and Malaysia met by videoconference for the 11th round of negotiations on an Economic Partnership Agreement between the EFTA States and Malaysia (MEEPA). Negotiations started in 2014.

Ambassador Markus Schlagenhof, from Switzerland, Delegate of the Federal Council for Trade Agreements, Head of the World Trade Division, at the State Secretariat for Economic Affairs, in the Federal Department of Economic Affairs, Education and Research (EAER), acted as EFTA spokesperson, whereas Senior Director, Ms Sumathi Balakrishnan from the Ministry of International Trade and Industry headed the Malaysian delegation.

EFTA and Malaysia held in-depth discussions in the following areas: trade in goods and services, sanitary and phytosanitary measures, trade remedies, rules of origin, trade facilitation, investment, government procurement, trade and sustainable development, intellectual property rights, competition, cooperation and capacity building, legal, horizontal and institutional provisions, and dispute settlement. They agreed on intersessional follow-ups before holding a 12th round in the beginning of 2022.

Find the full report of the round here.

EFTA countries exported goods worth 900 million USD in 2020, with pharmaceuticals and mechanical and electronic machinery constituting more than 50% of exports. Imports in the same year were worth more than 1 billion USD, with electronics being by far the largest category, constituting more than 40% of imports. Other imports were mechanical machinery and rubber products. EFTA exports to Malaysia have been stable in recent years while imports have grown steadily, breaking the billion dollar mark for the first time in 2020, up from 670 million in 2010.

Read more about merchandise trade between EFTA and Malaysia here.

 

 

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