Wto Trade Policy Review
WORLD TRADE ORGANIZATION
Trade Policy Review Body
RESTRICTED WT/TPR/G/92 5 November 2001
(01-5355)
Original: English
TRADE POLICY REVIEW MALAYSIA Report by the Government
Pursuant to the Agreement Establishing the Trade Policy Review Mechanism (Annex 3 of the Marrakesh Agreement Establishing the World Trade Organization), the policy statement by the Government of Malaysia is attached.
Note: This report is subject to restricted circulation and press embargo until the end of the meeting of the Trade Policy Review Body on Malaysia.
Malaysia
WT/TPR/G/92 Page 3
CONTENTS
Page I. II. ECONOMIC DEVELOPMENT TRADE POLICY DEVELOPMENTS 1. Overview 2. ASEAN 3. Tariffs 4. Standards 5. Sanitary and Phytosanitary 6. Copyright Act 7. Layout-Designs of Integrated Circuits 8. Industrial Designs 9. Patent 10. Trademarks 11. Geographical Indications SECTORAL POLICIES 1. Productivity Performance of Malaysia 2. Financial Services Sector 3. The Financial Sector Masterplan (FSMP) 4. Capital Market Sector 5. Exchange Control Rule 6. Measures on investment 7. Communications and Multimedia Services 8. Agricultural Sector FUTURE DIRECTION AND STRATEGY 5 6 6 7 8 8 9 9 9 9 9 9 9 10 10 10 11 11 11 12 13 13 13
III.
IV.
Malaysia
WT/TPR/G/92 Page 5
I.
ECONOMIC DEVELOPMENT
1. With an average growth rate of 7.8% per annum, the period 1991-1997 witnessed the continuation of rapid economic progress, which started in the mid-1980’s. Due to the financial crisis, Malaysia's GDP contracted by 7.4% in 1998. However, the economy quickly recovered in the second quarter of 1999 leading to an average growth rate of 7.2% during the 1999-2000 period. 2. The quick recovery can be attributed to the Government’s efforts, beginning mid-1998, in easing monetary policy and providing fiscal stimulus to reactivate domestic demand, and the strong growth in exports registered in 1999 and 2000. The per capita income in current terms, which declined in 1998 rebounded to RM
Trade Policy Review Body
RESTRICTED WT/TPR/G/92 5 November 2001
(01-5355)
Original: English
TRADE POLICY REVIEW MALAYSIA Report by the Government
Pursuant to the Agreement Establishing the Trade Policy Review Mechanism (Annex 3 of the Marrakesh Agreement Establishing the World Trade Organization), the policy statement by the Government of Malaysia is attached.
Note: This report is subject to restricted circulation and press embargo until the end of the meeting of the Trade Policy Review Body on Malaysia.
Malaysia
WT/TPR/G/92 Page 3
CONTENTS
Page I. II. ECONOMIC DEVELOPMENT TRADE POLICY DEVELOPMENTS 1. Overview 2. ASEAN 3. Tariffs 4. Standards 5. Sanitary and Phytosanitary 6. Copyright Act 7. Layout-Designs of Integrated Circuits 8. Industrial Designs 9. Patent 10. Trademarks 11. Geographical Indications SECTORAL POLICIES 1. Productivity Performance of Malaysia 2. Financial Services Sector 3. The Financial Sector Masterplan (FSMP) 4. Capital Market Sector 5. Exchange Control Rule 6. Measures on investment 7. Communications and Multimedia Services 8. Agricultural Sector FUTURE DIRECTION AND STRATEGY 5 6 6 7 8 8 9 9 9 9 9 9 9 10 10 10 11 11 11 12 13 13 13
III.
IV.
Malaysia
WT/TPR/G/92 Page 5
I.
ECONOMIC DEVELOPMENT
1. With an average growth rate of 7.8% per annum, the period 1991-1997 witnessed the continuation of rapid economic progress, which started in the mid-1980’s. Due to the financial crisis, Malaysia's GDP contracted by 7.4% in 1998. However, the economy quickly recovered in the second quarter of 1999 leading to an average growth rate of 7.2% during the 1999-2000 period. 2. The quick recovery can be attributed to the Government’s efforts, beginning mid-1998, in easing monetary policy and providing fiscal stimulus to reactivate domestic demand, and the strong growth in exports registered in 1999 and 2000. The per capita income in current terms, which declined in 1998 rebounded to RM