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1 MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446 CONCLUSION OF CPTPP IN TOKYO Chief Negotiators of the 11 Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) member countries met in Tokyo from 22- 23 January 2018 as a follow up from the Ministerial Meeting that was held in Da Nang, Viet Nam on 10 November 2017. The Tokyo meeting has achieved a breakthrough in which all member countries have come to an agreement on these four country-specific issues as follows: 1. State-owned enterprises – namely on Malaysia’s request for additional flexibility to conduct preferential purchases for the upstream oil and gas sector, in which the commitment to limit the transition period will now commence on the date of entry into force, instead of the date of signing as per the previous arrangement 2. Market access for the coal industry 3. Trade sanctions related to dispute settlement 4. Exceptions to cultural industries MEDIA STATEMENT These issues were supposed to have been resolved much later. Before the Tokyo meeting, there were 20 provisions that will be suspended under the CPTPP. The suspension would mean that these provisions will not be implemented for the time being, until all CPTPP member countries agreed to uplift this suspension. The Tokyo meeting has agreed to add two more suspensions into the list – making it a total of 22 suspensions. One of them was on the additional flexibilities for Malaysia in the oil and gas sector as described above – after the relentless pursuit and consistent fight put forth by our negotiating team on this matter. Another one was on the market access for Brunei’s coal industry. The English Text of the Agreement has been finalised and it will be released upon the completion and verification of the same text in French and Spanish, expected within the next few weeks. CPTPP is planned to be signed on 8 March 2018 and Chile has offered to host the signing ceremony. This date however will have to be formally confirmed by the CPTPP Ministers. Malaysia believes the CPTPP is a high quality agreement – with a combined GDP worth USD11 trillion (13% of global GDP), 476 million population and 15% share of global trade volume. This signing of this agreement will be a significant boost to global trade. It will open up the door for Malaysian companies to expand their presence in overseas market. Meanwhile for the Malaysian public at large, the CPTPP will benefit us in terms of expanding consumer choices on goods and services in our market. We expect additional jobs to be created as a result of further investment that will come in due to the improved trading and investing environment under the CPTPP. We are satisfied with the outcome of this meeting and our negotiators have once again successfully defended Malaysia’s interests. Moving forward, I will be tabling the outcome of this meeting to Cabinet for its consideration and resume the engagement process with the relevant stakeholders should the Cabinet decides to grant its approval. Dato’ Sri Mustapa Mohamed Minister of International Trade and Industry 24 January 2018

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1MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

CONCLUSION OF CPTPP IN TOKYO

Chief Negotiators of the 11 Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) member countries met in Tokyo from 22-23 January 2018 as a follow up from the Ministerial Meeting that was held in Da Nang, Viet Nam on 10 November 2017. The Tokyo meeting has achieved a breakthrough in which all member countries have come to an agreement on these four country-specific issues as follows:

1. State-owned enterprises – namely on Malaysia’s request for additional flexibility to conduct preferential purchases for the upstream oil and gas sector, in which the commitment to limit the transition period will now commence on the date of entry into force, instead of the date of signing as per the previous arrangement

2. Market access for the coal industry3. Trade sanctions related to dispute settlement4. Exceptions to cultural industries

ME

DIA

STA

TE

ME

NT

These issues were supposed to have been resolved much later. Before the Tokyo meeting, there were 20 provisions that will be suspended under the CPTPP. The suspension would mean that these provisions will not be implemented for the time being, until all CPTPP member countries agreed to uplift this suspension.

The Tokyo meeting has agreed to add two more suspensions into the list – making it a total of 22 suspensions. One of them was on the additional flexibilities for Malaysia in the oil and gas sector as described above – after the relentless pursuit and consistent fight put forth by our negotiating team on this matter. Another one was on the market access for Brunei’s coal industry.

The English Text of the Agreement has been finalised and it will be released upon the completion and verification of the same text in French and Spanish, expected within the next few weeks. CPTPP is planned to be signed on 8 March 2018 and Chile has offered to host the signing ceremony. This date however will have to be formally confirmed by the CPTPP Ministers.

Malaysia believes the CPTPP is a high quality agreement – with a combined GDP worth USD11 trillion (13% of global GDP), 476 million population and 15% share of global trade volume. This signing of this agreement will be a significant boost to global trade. It will open up the door for Malaysian companies to expand their presence in overseas market.

Meanwhile for the Malaysian public at large, the CPTPP will benefit us in terms of expanding consumer choices on goods and services in our market. We expect additional jobs to be created as a result of further investment that will come in due to the improved trading and investing environment under the CPTPP. We are satisfied with the outcome of this meeting and our negotiators have once again successfully defended Malaysia’s interests.

Moving forward, I will be tabling the outcome of this meeting to Cabinet for its consideration and resume the engagement process with the relevant stakeholders should the Cabinet decides to grant its approval.

Dato’ Sri Mustapa MohamedMinister of International Trade and Industry 24 January 2018

2MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

Labour Force, November 2017

Source: Department of Statistics, Malaysia

3MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

Source: Department of Statistics, Malaysia

4MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

Source: Department of Statistics, Malaysia

Malaysia as the Largest Exporter of White Lauan,

White Meranti, White Seraya, Yellow Meranti and Alan

2016

5MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

Note : Refers to HS440726Source:http://www.trademap.org/Index.aspx

1

4

5

3

2

TOP 5 Malaysia’s Export

Destinations PhilippinesUS$0.8 mil.

ThailandUS$0.4 mil.

PakistanUS$0.4 mil.

JapanUS$0.2mil.

Chineese Taipei

US$0.1mil.

Malaysia as the Largest Exporter of White Lauan,

White Meranti, White Seraya, Yellow Meranti and Alan

2016

International Report

MalaysiaUS$23.4

mil.

1 2Saudi ArabiaUS$0.8

mil.

Hong Kong

US$0.5mil.

54

UAEUS$0.7

mil.

3PRC

US$0.7mil.

6MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

Number and Value of Preferential Certificates of Origin (PCOs)

Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia

Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.

0

20

40

60

80

100

120

140

0

50

100

150

200

250

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

14 J

an

21 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Generalised System of Preferences (GSP)

Total FOB (RM mil.) Total CO

0

1,000

2,000

3,000

4,000

5,000

6,000

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,0005

Nov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

14 J

an

21 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN Trade in Goods Agreement (ATIGA)

Total FOB (RM mil.) Total CO

0

500

1,000

1,500

2,000

2,500

3,000

0

500

1,000

1,500

2,000

2,500

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

14 J

an

21 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-China Free Trade Agreement (ACFTA)

Total FOB (RM mil.) Total CO

0

200

400

600

800

1,000

1,200

0

100

200

300

400

500

600

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

14 J

an

21 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-Korea Free Trade Agreement (AKFTA)

Total FOB (RM mil.) Total CO

0

50

100

150

200

250

300

350

400

0

20

40

60

80

100

120

140

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

14 J

an

21 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)

Total FOB (RM mil.) Total CO

0

100

200

300

400

500

600

700

800

900

1,000

0

100

200

300

400

500

600

700

800

900

1,000

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

14 J

an

21 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-India Free Trade Agreement (AIFTA)

Total FOB (RM mil.) Total CO

0

200

400

600

800

1,000

1,200

1,400

1,600

0

20

40

60

80

100

120

140

160

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

14 J

an

21 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)

Total FOB (RM mil.) Total CO

7MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

Number and Value of Preferential Certificates of Origin (PCOs)

Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia

0

200

400

600

800

1,000

1,200

0

20

40

60

80

100

120

140

160

180

200

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

14 J

an

21 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Japan Economic Partnership (MJEPA)

Total FOB (RM mil.) Total CO

0

50

100

150

200

250

0

20

40

60

80

100

120

140

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

14 J

an

21 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Pakistan Closer Economic Partnership (MPCEPA)

Total FOB (RM mil.) Total CO

0

2

4

6

8

10

12

14

16

18

0.00

0.05

0.10

0.15

0.20

0.25

0.30

0.35

0.40

0.45

0.50

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

14 J

an

21 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)

Total FOB (RM mil.) Total CO

0

20

40

60

80

100

120

0

5

10

15

20

25

30

35

40

45

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

14 J

an

21 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Chile Free Trade Agreement (MCFTA)

Total FOB (RM mil.) Total CO

0

50

100

150

200

250

300

350

400

450

500

0

50

100

150

200

250

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

14 J

an

21 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)

Total FOB (RM mil.) Total CO

0

100

200

300

400

500

600

700

0

10

20

30

40

50

60

70

80

90

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

14 J

an

21 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Australia Free Trade Agreement (MAFTA)

Total FOB (RM mil.) Total CO

0

50

100

150

200

250

300

350

0

50

100

150

200

250

300

350

5 N

ov

12 N

ov

19 N

ov

26 N

ov

3 D

ec

10 D

ec

17 D

ec

24 D

ec

31 D

ec

7 Ja

n

14 J

an

21 J

an

No.

of C

ertif

icat

e of

Orig

in

RM m

il.

Malaysia-Turkey Free Trade Agreement (MTFTA)

Total FOB (RM mil.) Total CO

8MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

Source : Bank Negara Malaysia

Malaysian Ringgit Exchange Rate with Selected Countries,January 2016 - December 2017

US Dollar

Pakistani Rupee

Egyptian Pound

Cambodian Riel

Nepalese Rupee

United Arab Emirates Dirham

4.3481

3.9045

4.4615

4.0780

3.60

3.70

3.80

3.90

4.00

4.10

4.20

4.30

4.40

4.50

4.60

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec

2016 2017

RM

USD 1 = RM

4.1460

3.7275

4.2569

3.7551

3.40

3.50

3.60

3.70

3.80

3.90

4.00

4.10

4.20

4.30

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec

2016 2017

RM

PKR 100 = RM

0.5553

0.4705

0.2289

0.00

0.10

0.20

0.30

0.40

0.50

0.60

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec

2016 2017

RM

EGP 1 = RM

0.1071

0.0968

0.1112

0.1007

0.085

0.090

0.095

0.100

0.105

0.110

0.115

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec

2016 2017RM

KHR 100 = RM

4.0376

3.6697

4.2657

3.9650

3.30

3.40

3.50

3.60

3.70

3.80

3.90

4.00

4.10

4.20

4.30

4.40

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec

2016 2017

RM

NPR 100 = RM

118.3808

106.2984

121.4682

111.0293

95.0

100.0

105.0

110.0

115.0

120.0

125.0

Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec Jan

Feb

Ma

rA

prM

ay

Jun Jul

Aug Se

pO

ctN

ovD

ec

2016 2017

RM

AED 100 = RM

9MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, and Bloomberg.

Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated

Commodity PricesCRUDE PETROLEUM (BRENT)

-per bbl-26 Jan 2018 : US$70.5, 2.8%*Average Pricei : 2017: US$55.0 2016: US$45.3

CRUDE PALM OIL-per MT-

26 Jan 2018 : US$666.0, 1.8%*Average Pricei : 2017: US$719.7 2016: US$702.2

RUBBER SMR 20-per MT-

26 Jan 2018 : US$1,547.0, 0.7%*Average Pricei : 2017: US$1,646.6 2016: US$1,394.5

COAL -per MT-26 Jan 2018 : US$64.6, unchangedAverage Pricei : 2017: US$57.2 2016: US$45.6

COCOA SMC 2-per MT-

26 Jan 2018 : US$1,367.7, 1.2%*Average Pricei : 2017: US$1,439.0 2016: US$1,609.8

SCRAP IRON HMS-per MT-

26 Jan 2018 : US$400.0 (high), 4.8%* US$380.0 (low), 5.0%*Average Pricei : 2017: US$314.5 2016: US$243.2

HIGHEST and LOWEST 2017/2018

Highest 26 Jan 2018 : US$70.5 29 Dec 2017 : US$66.9

Lowest

5 Jan 2018 : US$67.6

23 June 2017 : US$45.5

Crude Petroleum

(Brent)-per bbl-

Highest 12 Jan 2018 : US$687.5 20 Jan 2017 : US$843.0

Lowest

30 June 2017 : US$650.0 26 Jan 2018 : US$666.0

Crude Palm Oil -per MT-

Domestic Prices26 Jan 2018

Steel Bars(per MT)

RM2,650 – RM2,800

Billets(per MT)

RM2,350 – RM2,400

SUGAR -per lbs-26 Jan 2018 : US¢ 13.4, 0.8%*Average Pricei : 2017: US¢15.8 2016: US¢18.2

10MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

Commodity Price Trends

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.

731.0 734.0

714.0

692.5 693.0

676.5

661.0656.7

675.6

687.5

678.0

666.0

600

620

640

660

680

700

720

740

760

10 Nov 17 Nov 24 Nov 30 Nov 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan 26Jan

US$

/mt

Crude Palm Oil

1,561.9

1,501.71,517.2

1,443.6

1,259.8

1,320.6 1,320.1

1,329.4

1,301.8

1,334.8

1,384.51,367.7

1,200

1,250

1,300

1,350

1,400

1,450

1,500

1,550

1,600

10 Nov 17 Nov 24 Nov 30 Nov 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan 26Jan

US$

/mt

Cocoa

15.0

15.415.5

15.0

14.1

13.7

14.6

15.215.1

14.2

13.313.4

12.0

12.5

13.0

13.5

14.0

14.5

15.0

15.5

16.0

10 Nov 17 Nov 24 Nov 30 Nov 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan 26Jan

US¢

/lbs

Sugar

1,412.5

1,376.5

1,428.0

1,397.0

1,416.5

1,462.0

1,425.5

1,452.5 1,456.0

1,523.51,536.5

1,547.0

1,300

1,350

1,400

1,450

1,500

1,550

1,600

10 Nov 17 Nov 24 Nov 30 Nov 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan 26Jan

US$

/mt

Rubber SMR 20

6,90

0 7,08

8

7,11

3 7,28

1

6,91

7

6,85

1

6,73

0

6,33

7

6,08

5

5,96

5

4,51

6

3,98

4

4,36

6 4,60

5

4,17

0 4,47

4

4,46

3

3,97

4

2,95

0

3,47

6

4,11

4

2,500

3,000

3,500

4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep

2016 2017

USD

/ to

nne

Black Pepper

11MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

Commodity Price Trends

Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.

64.5

64.2

62.6

65.0 65.0 65.0 65.0

65.365.2

64.464.6 64.6

61.0

61.5

62.0

62.5

63.0

63.5

64.0

64.5

65.0

65.5

66.0

10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan 26Jan

US$

/t

Coal

1,48

1 1,53

11,53

1 1,57

11,55

1 1,59

4 1,62

9 1,

639

1,59

21,

666

1,73

7 1,

728 1,

791

1,86

1 1,90

1 1,

921

1,91

3 1,88

51,

903

2,03

0 2,09

6 2,13

1 2,

097

2,08

0

1,400

1,500

1,600

1,700

1,800

1,900

2,000

2,100

2,200

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

2016 2017

US$/

tonn

e

Aluminium4,

472 4,59

94,95

44,

873

4,69

54,

642 4,

865

4,75

24,

722

4,73

1 5,45

1 5,66

05,75

5 5,94

15,82

55,68

45,60

0 5,72

05,98

56,

486

6,57

7 6,80

8 6,

827

6,83

4

4,000

4,500

5,000

5,500

6,000

6,500

7,000

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

2016 2017

US$/

tonn

e

Copper

8,50

78,

299 8,

717

8,87

9 8,

660 8,92

8 10

,263

10

,336

10

,192

10

,260

11

,129

10

,972

9,

971

10,6

43

10,205

9,

609

9,15

58,

932

9,49

1 10

,890

11

,216

11

,336

11,9

72

11,495

7,000

8,000

9,000

10,000

11,000

12,000

13,000

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

2016 2017

US$/

tonn

eNickel

56.7 56.6

59.0 58.457.4 57.3

58.5

60.461.4

64.363.4

66.163.562.7

63.9 63.7 63.4 63.2

65.366.9

67.6

69.968.6

70.5

40

45

50

55

60

65

70

75

10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan 26Jan

US$

/bbl

Crude Petroleum

CrudePetroleum(WTI)/bblCrudePetroleum(Brent)/bbl

12MITI Tower, No. 7, Jalan Sultan Haji Ahmad Shah, 50480 Kuala Lumpur, Malaysia Tel: +603 - 8000 8000 Fax: +603 - 6202 9446

MITI Weekly Bulletin | www.miti.gov.my

Commodity Price Trends

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank.

941.0 940.0933.0 937.0

895.0885.0

930.0940.0

969.0

940.0

1,014.01,020.0

800.0

850.0

900.0

950.0

1,000.0

1,050.0

10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan 26Jan

US$

/oz

Platinum

320.0 320.0

330.0

350.0 350.0 350.0

395.0390.0 390.0

420.0 420.0

400.0

300.0 300.0

310.0

340.0 340.0 340.0

380.0 380.0 380.0

400.0 400.0

380.0

250

270

290

310

330

350

370

390

410

430

450

10 Nov 17 Nov 24 Nov 30 Nov 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan 26Jan

US$

/mt

Scrap Iron

ScrapIron/MT(High)ScrapIron/MT(Low)

41.88 46

.83

56.20 60

.92

55.13

51.98 57

.26 60.89

57.79

59.09

73.10

80.02

80.41

89.44

87.65

70.22

62.43

57.48

67.74

76.07

71.53

61.66 64.24

72.25

30.0

40.0

50.0

60.0

70.0

80.0

90.0

100.0

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

Jan

Feb

Mar Apr

May Jun Jul

Aug

Sep

Oct

Nov

Dec

2016 2017

US$

/dm

tu

Iron Ore

17.117.2

17.1

16.4

15.8

16.1

16.3

17.0

17.3

17.117.1

17.4

15.0

15.5

16.0

16.5

17.0

17.5

10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan 26Jan

US$

/oz

Silver

41.3 41.341.5

41.0

40.240.3

40.7

41.5

42.4

42.742.9

43.5

38.0

39.0

40.0

41.0

42.0

43.0

44.0

10 Nov 17 Nov 24 Nov 1 Dec 8 Dec 15Dec 22 Dec 29 Dec 5Jan 12Jan 19Jan 26Jan

US$

/oz

Gold

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MITI Weekly Bulletin | www.miti.gov.my

MITI PROGRAMMEMITI PROGRAMMERountable Meeting with Potential Investors and Importers, Mumbai, India

23 January 2018

ASEAN - India Business Council Forum, New Delhi, India24 January 2018

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MITI PROGRAMMEMITI PROGRAMMESME Business Networking Event & MoU Signing Ceremony

New Delhi, India, 25 January 2018

Mesyuarat Agung PUSPANITA MITI Kali ke-1426 Januari 2018

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MITI PROGRAMMEMITI PROGRAMMEKarnival “Jom Niaga”,

Sungai Petani, Kedah, 26-28 Januari 2018

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Source: http://www.miti.gov.my/index.php/glossary

ASEAN Single Window (ASW)ASW is a unique regional initiative that connects and integrates National Single Windows (NSWs) of Member States. The ASW objective is to expedite cargo clearance within the context of increased economic integration in ASEAN.

ASEAN Solutions for Investments, Services and TradeASSIST was established in August 2016. It serves as a business–friendly facility for receiving and responding to complaints submitted by ASEAN-based businesses.

ASEAN Trade FacilitationInitiatives undertaken by ASEAN Member States to simplify, harmonise and standardise trade and customs, processes, procedures related information to reduce transaction costs in ASEAN.

ASEAN+1 Free Trade Agreements (FTAs)ASEAN Member States as a group came into a free trade agreement with a non-ASEAN Member State such as China (ASEAN-China FTA), Japan (ASEAN-Japan Comprehensive Economic Partnership), South Korea (ASEAN-Korea FTA), India (ASEAN-India FTA) and Australia/New Zealand (ASEAN-Austral New Zealand FTA). These countries are also known as ASEAN FTA Partners (AFPs).

ASEAN+3ASEAN+China, Japan and Korea

ASEAN 6Is an acronym refers to the six advance ASEAN Member States namely Brunei Darussalam, Indonesia, Malaysia, Philippines, Singapore and Thailand.

ASEAN-BACASEAN Business Advisory Council - was established in 2003. The ASEAN-BAC assumes a strategic role in facilitating engagement between the private and public sector. Each ASEAN Member State is represented by three private sector members, including one from SMEs.

ASEAN-HKASEAN-Hong Kong Free Trade Agreement

ASECASEAN Secretariat - ASEC’s basic function is to provide for greater efficiency in the coordination of ASEAN organs and for more effective implementation of ASEAN projects and activities. The economic pillar of ASEC is headed by Deputy Secretary General of ASEAN for ASEAN Economic Community.

ASEMAsia-Europe Meeting - ASEM is an exclusively Asian–European forum to enhance relations and various forms of cooperation between the 53 partners: 51 countries and 2 regional organisations namely the European Union and ASEAN Secretariat.

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Announcement

Withholding TaxFor more information on Withholding Tax, please visit LHDN’s website via this link: http://www.hasil.gov.my/bt_goindex.php?bt_kump=2&bt_skum=6&bt_posi=1&bt_unit=5&bt_sequ=1&bt_lgv=2

Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)

For more information on Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)please visit MITI’s website via this link: http://fta.miti.gov.my/index.php/pages/view/71?mid=40

Industry 4.0For more information on Industry 4.0, please visit MITI’s website via this link: http://www.miti.gov.my/index.php/pages/view/industry4.0?mid=559

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MITI Corner

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