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The European Free Trade Association states (EFTA) (Iceland, Norway, Liechtenstein, and Switzerland) and Malaysia have completed the seventh round of negotiations towards a proposed Economic Partnership Arrangement (CEPA).
According to an EFTA statement, expert working groups convened from May 30 to June 2 to discuss draft texts in the following areas: trade in goods (including market access for industrial and agricultural products), rules of origin, trade facilitation, technical barriers to trade, sanitary and phytosanitary measures, trade remedies, government procurement, and trade and sustainable development.
The statement added that experts on services, investment, legal and horizontal issues, competition, intellectual property rights, and government procurement will hold separate meetings before the eighth round of negotiations, which are scheduled to take place in the autumn of 2016.
Merchandise trade between the EFTA states and Malaysia totaled USD3.3bn in 2015, with exports from EFTA worth USD2.2bn and imports from Malaysia worth USD1.1bn.
Trade in services and investment between the two sides are said to be "substantial," with the stock of foreign direct investment originating from the EFTA states to Malaysia amounting to over USD5bn in 2014.
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