Preview

mafta

Powerful Essays
Open Document
Open Document
3989 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
mafta
About the Malaysia-Australia Free Trade Agreement
Australia's former Minister for Trade, Craig Emerson, and Malaysia’s Minister for International Trade and Industry, Mustapa Mohamed, signed the Malaysia-Australia Free Trade Agreement (MAFTA) in Kuala Lumpur on 22 May 2012. The Agreement entered into force on 1 January 2013.
MAFTA is a comprehensive, high-quality agreement that further integrates the Australian economy into the fast-growing Asian region. The Agreement builds on benefits already flowing to the Australian economy from the ASEAN-Australia-New Zealand Free Trade Agreement, which started for Australia and Malaysia in 2010.
Malaysia is Australia’s 9th largest trading partner, with two-way trade worth $17.7 billion in the 2012 calendar year. The Agreement opens avenues for Australian goods and services into the dynamic Malaysian market.
MAFTA is an important part of the network of Free Trade Agreements in this region that Australia is pursuing to advance our trade interests in the Asian Century.
MAFTA: the benefits
Malaysia-Australia Free Trade Agreement
The Malaysia-Australia Free Trade Agreement is another step forward for Australia in the Asian Century. The Agreement reduces trade barriers, making it easier for Australians to do business in Malaysia – our 10th largest trading partner.
The Malaysia-Australia Free Trade Agreement (MAFTA) builds on the ASEAN-Australia-New Zealand FTA (AANZFTA) to open up new opportunities for Australian investors and suppliers of goods and services, bringing our economies closer together. This high-quality free trade agreement improves access to the Malaysian market for Australian businesses and makes it easier for Australian workers and their families to live and work in Malaysia.
"MAFTA is a game changer. It's one of the best free trade agreements we've seen and AMBC is 150 per cent behind it."
Larry Gould | National President, Australia Malaysia Business Council (AMBC)
Why Malaysia?
Malaysia is one of
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Powerful Essays

    Nafta and Its Effects on Robeson County
    • 2468 Words
    • 10 Pages

    Nafta and Its Effects on Robeson County

    Since being signed on January 1, 1994, NAFTA (North American Free Trade Agreement) has opened opportunities between the United States, Canada, and Mexico. NAFTA is considered by GDP standards the largest free trade area. In 2008, all tariffs between the countries involved were completely eliminated. From 1993 – 2009, trading cost has tripled from $297 billion to $1.6 trillion.…

    • 2468 Words
    • 10 Pages
    Powerful Essays
    Read More
  • Powerful Essays

    Outline Changes in Australia’s Protectionist Policies and Critically Analyze the Impact of These Changes on the Australian Economy Essay Example
    • 1261 Words
    • 5 Pages

    Outline Changes in Australia’s Protectionist Policies and Critically Analyze the Impact of These Changes on the Australian Economy Essay Example

    Since the 1970s Australia has moved from being highly protectionist economy to being one that embraces free trade and integration into the world economy. The focus of government policy has been active participation in cooperative attempts to reduce protection through participation in world trade organization (WTO), the Asia Pacific Economic Cooperation forum (APEC), and more recently through a series of bilateral free trade agreements. Australia has also implemented unilateral actions to reduce its protection levels with the result that the Australian economy has been transformed, becoming one of the most open economies in the world.…

    • 1261 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Good Essays

    Pros And Cons Of Nafta
    • 553 Words
    • 3 Pages

    Pros And Cons Of Nafta

    In January 1, 1994, the North American Free Trade Agreement (NAFTA), a state-of-the-art market-opening agreement, came into force. Since then, NAFTA has systematically eliminated most tariff and non-tariff barriers to trade and investment between Canada, the United States, and Mexico. By establishing a strong and reliable framework for investment, NAFTA has also helped create the environment of confidence and stability required for long-term investment. NAFTA was preceded by the Canada-U.S. Free Trade Agreement.…

    • 553 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Canada part of NAFTA
    • 7446 Words
    • 30 Pages

    Canada part of NAFTA

    The North American Free Trade Agreement (NAFTA) is an agreement signed byCanada, Mexico, and the United States, creating a trilateral trade bloc in North America. The agreement came into force on January 1, 1994. It superseded the Canada–United States Free Trade Agreement between the U.S. and Canada. In terms of combinedpurchasing power parity GDP of its members, as of 2007 the trade bloc is the largest in the world and second largest by nominal GDP comparison.…

    • 7446 Words
    • 30 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Nafta Cons
    • 199 Words
    • 1 Page

    Nafta Cons

    The North American Free Trade Agreement (NAFTA) is an agreement between the United States, Canada, and Mexico to eliminate trade barriers and stimulate economic growth in these countries. This agreement, signed in 1992 effective January 1, 1994, created one of the world’s largest free trade zones. The anticipated benefit of having NAFTA was to create jobs in the three countries, for economic growth for the countries involved, and to give consumers better pricing and selection of goods desired to purchase. Since its inception in 1994, this free trade agreement has continued to be controversial, depending on the perspective in which it is being evaluated. Currently there are media reports that the agreement may be overturned because it does…

    • 199 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Powerful Essays

    Why The Safe Harbour Should Be Abolished
    • 1626 Words
    • 7 Pages

    Why The Safe Harbour Should Be Abolished

    In 2005, Australia agreed to adopt Australia-US Free trade agreement provisions. The Australian Safe Harbour are modeled…

    • 1626 Words
    • 7 Pages
    Powerful Essays
    Read More
  • Good Essays

    Why Is The Typical Human Mouth Contains A Slaughtering Orgy Of Bacteria?
    • 757 Words
    • 4 Pages

    Why Is The Typical Human Mouth Contains A Slaughtering Orgy Of Bacteria?

    The typical human mouth contains a writhing orgy of bacteria. Most of these. Most of these microscopic organisms are bengin, and some are even beneficial, but one particular variety is a conspicuous troublemaker: Streptococcus mutans. These ubiquitous bacteria thrive on sugars in the mouth, which they consume while excreting lactic acid. This acid is responsible for the great majority of tooth decay in humankind because it erodes the enamel and dentin of the teeth.…

    • 757 Words
    • 4 Pages
    Good Essays
    Read More
  • Powerful Essays

    Nafta Pros And Cons
    • 1106 Words
    • 5 Pages

    Nafta Pros And Cons

    NAFTA is the North American Free Trade Agreement, a treaty between Canada, Mexico, and the United States that has been in effect since 1 January 1994. The agreement was designed to increase trade among the three nations by reducing or eliminating restrictions on commerce, such as tariffs and import quotas. It is one of the most powerful and wide-reaching treaties in the world, governing the entire spectrum of trade and commerce on the North American continent. Although it was designed to benefit its member nations economically, it has been the subject of controversy since its inception.…

    • 1106 Words
    • 5 Pages
    Powerful Essays
    Read More
  • Good Essays

    The Pros And Cons Of NAFTA
    • 810 Words
    • 4 Pages

    The Pros And Cons Of NAFTA

    The North American Free Trade Agreement (NAFTA) is a treaty that lays out the fundamental basis for economic prosperity and economic cooperation between Canada, Mexico, and the United States. The implementation of NAFTA has encouraged several economic policies, such as trade liberalization, which in turn have produced several economic benefits, ranging from significant economic growth to the production of jobs in the three nations. However, NAFTA has produced controversy with the possibility of the revocation of the agreement as a whole due to the lack of cooperation amongst the three nations. The trilateral negotiations of NAFTA require international cooperation amongst the parties to increase the effectiveness of the agreement and to ensure…

    • 810 Words
    • 4 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    What Are The Pros And Cons Of Nafta
    • 178 Words
    • 1 Page

    What Are The Pros And Cons Of Nafta

    The North American Free Trade Agreement (NAFTA) is a bargain gone into by the United States, Canada, and Mexico; it became effective on January 1, 1994. (Unhindered commerce had existed between the U.S. furthermore, Canada since 1989; NAFTA widened that game plan.) On that day, the three nations turned into the biggest free market on the planet ;the consolidated economies of the three countries around then measured $6 trillion and specifically influenced more than 365 million individuals. NAFTA was made to wipe out tax obstructions to farming, assembling, and administrations; to expel speculation limitations; and to secure licensed innovation rights. This was to be done while likewise tending to ecological and work concerns (albeit numerous…

    • 178 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Powerful Essays

    Why Are Exports Important To Australia
    • 806 Words
    • 4 Pages

    Why Are Exports Important To Australia

    Furthermore they promoted trade and the benefits it brings to both the host and home country by developing and conducting workshops and conferences addressing issues and providing information about various trade negotiations. An example of such a trade conference is the Australia United States Free Trade Agreement (AUSFTA) Conference were representatives from various industries were brought together to discuss impacts and opportunities brought upon by FTA for all participating…

    • 806 Words
    • 4 Pages
    Powerful Essays
    Read More
  • Better Essays

    Zero tolerance policy
    • 1381 Words
    • 6 Pages

    Zero tolerance policy

    We have heard of the Columbine shooting, where in the spring of 1999 in Littleton, Colorado over a dozen people where killed and many others were wounded at the hands of two students. Or even more recently, we heard about the Virginia Tech massacre where a single student killed thirty-two people and wounded over twenty more. University of Texas, California State University, San Diego State University, the list of school violence is long and heart-breaking. Students and teachers have lost their lives by the dozens to gunmen that carried a grudge for some reason or another. These are extreme cases, for sure, and there is without a doubt a need for discipline in schools every where. However, zero-tolerance policies are not the answer to school discipline unless they can be reformed to have fewer gray areas and kept from being too strict, be less disruptive to the education process and allow teachers to keep their voices, and figure out how to correct claims of racial discrimination, regardless of claims that they are effective.…

    • 1381 Words
    • 6 Pages
    Better Essays
    Read More
  • Powerful Essays

    Nafta: the Good, the Bad and the Ugly
    • 1374 Words
    • 6 Pages

    Nafta: the Good, the Bad and the Ugly

    In 1994, Mexico, Canada, and the United States entered into one of the worlds largest free trade regions called the North American Free Trade Agreement (NAFTA) (Salas, 2005). The most noteworthy feature of the agreement is that it between two highly economic and socially developed countries and one still developing. The boost in trade and the increased financial flow between these countries has resulted in one of the more economically merged areas in the world.…

    • 1374 Words
    • 6 Pages
    Powerful Essays
    Read More
  • Good Essays

    The Pros And Cons Of NAFTA
    • 464 Words
    • 2 Pages

    The Pros And Cons Of NAFTA

    The marketing environment is constantly changing, posing new solutions and creating new problems every day for consumers and marketers alike. The North American Free Trade Agreement is no exception to this trend. NAFTA was an agreement signed on January 1st, 1994 by Canada, Mexico and the US to create a trilateral rules-based trade block in North America. All tariffs between the three countries were eliminated with the final one to go on January 1st, 2008. With 450 million people producing $17 trillion worth of goods and services, the trade bloc is the largest in the world. (1) The agreement has been unprecedented in its uniform rules to cover such a vast area and volume of trade.…

    • 464 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    The NAFTA Agreement
    • 1253 Words
    • 6 Pages

    The NAFTA Agreement

    Twenty years ago the United States created an agreement including itself, Canada, and Mexico, named NAFTA, or the North American Free Trade Agreement, to relax the trading regulations and increase trade between itself and its two neighboring countries, along with a long term purpose to create a more competitive global marketplace originating from the North American continent. NAFTA is now the largest free trade agreement in the world with the world’s largest free trade area of 450 million people and a collective economy of over twenty trillion dollars, which is greater than the economic output of the 28 countries in the entire European Union combined (CIA World Factbook). But there has been a prolonged debate on its effectiveness and advantages that lasts even…

    • 1253 Words
    • 6 Pages
    Good Essays
    Read More

Related Topics