Malaysia seeks more measures to encourage intra-trade in ASEAN

Time: 2017-05-27 03:52:20  Source:ASIA PACIFIC DAILY点击: 次


Malaysia is identifying appropriate mechanism to address the non-tariff measures or barriers in the Association of Southeast Asian Nations (ASEAN) to reduce and eventually eliminate barriers to trade, said a Malaysian senior official.

Malaysian International Trade and Industry's Minister Mustapa Mohamed made the remarks at a seminar on ASEAN Economic Community (AEC) on Friday.

He said despite the promising growth and liberalization of tariffs among the ASEAN member states, intra-trade in the bloc remains stagnant at around 20 percent to 25 percent, as the major impediment in achieving higher intra-trade lies in border measures or non-tariff barriers.

ASEAN is currently working towards implementing various trade facilitating measures, such as a national single-window system that is seamlessly linked to the ASEAN Single Window as well as harmonization of standards and customs procedures, he said.


Asia Pacific Daily

Three minutes later

Small, free, no advertising

Understand the news of the world