It has been disclosed that the framework for a free trade agreement (FTA) between Malaysia and the Gulf Cooperation Council (GCC) has been completed.
While more studies needed to be undertaken, it was confirmed by Malaysia’s Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed, that it had been decided to proceed to concluding the bilateral FTA.
It has previously been said that an FTA could boost two-way trade and investment in a number of sectors. Malaysia is looking at opportunities in areas such as Islamic banking and finance, ICT, renewable energy and tourism, while the GCC countries could develop businesses in the oil and gas, plastic products and food industries, while also setting up regional headquarters in Malaysia.
.Tags: tax | law | trade | agreements | banking | tariffs | free trade agreement (FTA) | Bahrain | Dubai | Kuwait | Malaysia | Oman | Qatar | Saudi Arabia | United Arab Emirates | oil and gas | Dubai | United Arab Emirates
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment