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Liberal Is Ti On Services - BPSP (Dec2008) MITIWeb
Liberal Is Ti On Services - BPSP (Dec2008) MITIWeb
Outline
Overview of Malaysias Services Industry Modes of Supply Liberalisation of the Services Sector Malaysias Position in AFAS, WTO, FTAs Issues pertaining to Services
IMP3 Targets
IMP3 Targets 2007 2006 2005
59.7
(Y 2020)
46.7
9.7
45.3
7.2
44.6
5.4
7.5 p.a.
construction: 5.7%)
RM45.8
(p.a.
RM65.4
RM55.5
RM57.7
4 Modes of Supply
MODES CRITERIA Service delivered within the territory of the Member, from the territory of another Member. The advancement of technology has made this possible. E.g. internet (e-trading) Service delivered outside the territory of the Member to a service consumer of the another Member. It involves the consumer traveling to the country in which the service is produced. E.g. tourism and education services. SUPPLIER PRESENCE
Service supplier not physically present within the territory of another Member
4 Modes of Supply
MODES CRITERIA SUPPLIER PRESENCE
Service delivered by a service provider of one country through commercial presence in another country. E.g. FDIs
Service delivered by a service personnel of one country who Mode 4: travels to another country to Movement of provide the service. E.g. services natural provided by expatriates, business persons and professionals and foreign workers.
Identify issues that impede the growth and development of services sub-sectors. Issues can be addressed in the MSDC for long-term competitiveness
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Pursue MRAs with trading countries, in particular within ASEAN and FTA partner countries
Build local capacity and identify niche markets in areas where we have comparative advantage Explore market partnerships access opportunities abroad through
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AFAS
Signed in 1995
to enhance and strengthen cooperation among service suppliers in ASEAN; and progressively liberalise trade in services among ASEAN countries through reduction/elimination of restrictions.
AFAS adopts the structure and approach of General Agreement on Trade in Services (GATS) .
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2008 2010
2013 (Logistic Services)
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- Members to bind existing autonomous liberalisation - foreign equity ownership of at least 51%
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Malaysias Position
Prepared to undertake commitments under the principle of progressive liberalisation
Finalising the second revised Offer under Doha Round, encompassing 11 sectors and covering 85 sub-sectors.
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Cooperation elements added where relevant for capacity building and transfer of knowledge/technology
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FTAs Signed
Bilateral:
Malaysia-Japan Economic Partnership Agreement (MJEPA) Malaysia-Pakistan Comprehensive Economic Partnership Agreement (MPCEPA)
ASEAN + Dialogue Partners (where services packages have been concluded):
ASEAN - China (ACFTA) 1st package ASEAN - Korea (AKFTA) Korea yet to ratify
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A need for all Ministries to prepare a road-map for liberalisation of services under their respective purview A need for a coordinated approach for the development of the services sector e.g. through Malaysia Services Development Council (MSDC)
To undertake stakeholders
outreach
programmes
to
To assist export-ready companies To compile comprehensive data on services To review of existing rules and regulations
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THANK YOU
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