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Malaysia Free Trade Agreement With Us

The “FTA Malaysia” website www.ftamalaysia.org/ is a nexus for information provided by groups, organizations and individuals opposed to the FREE TRADE AGREEMENT BETWEEN THE UNITED STATES and Malaysia. Malaysia, through its economy and trade, plays into the interests of the United States; Its role in the fight against radical Islamic organizations; its example as a democratic secular Muslim state; its position as a member of ASEAN, the Asia-Pacific Economic Cooperation (APEC) and other multilateral for a; its common interest in dealing with emerging China; 73 Hamidah Atan, “PM Hopes to See Fairer Trade Ties with US,” New Strait TImes, November 7, 2008. “Malaysians are worried about a possible free trade agreement with the United States,” by Joseph Masiliamany, AsiaNews, October 10, 2006. As for labor interests, the AFL-CIO opposes additional free trade agreements unless they contain judicious protection of workers` rights and environmental standards. Their position is that the Bush administration has launched or concluded bilateral free trade agreements that do not contain enforceable protection for basic workers` rights and that “turn away from previous agreements on workers` rights and contain many of the same erroneous rules that have worsened our trade deficit” under NAFTA.85 workers` organizations are also interested in: ensure that labour legislation is implemented in the bilateral trading partner country. International Labour Organization (ILO) standards and the inclusion of a dispute settlement or enforcement mechanism in agreements that would prevent partner countries from reversing labour gains or weakening labour laws after Congress approves and implements their respective free trade agreements.86 free trade agreements negotiated with Colombia and South Korea. The government says it is unlikely to ask Congress to substantially amend U.S. import laws (trade laws) due to negotiations for a free trade agreement with Malaysia. Licensed professionals, such as lawyers and architects, are also limited in Malaysia.

Foreign lawyers must not practice Malaysian law or be linked to local companies. Foreign law firms can take an operational stake of up to 30% in a local law firm. In Malaysia, a foreign architectural firm is only allowed to work as a joint venture in a particular project and foreign architects cannot be licensed in Malaysia. Foreign engineers can only be authorized for certain projects. Foreign audit firms must cooperate through Malaysian subsidiaries62 Malaysia has already signed and implemented 7 bilateral free trade agreements with Japan, Pakistan, India, New Zealand, Chile, Australia and Turkey. At the ASEAN level, Malaysia has concluded 6 regional free trade agreements with the ASEAN Free Trade Agreements (AFTA), China, Korea, Japan, Australia, New Zealand and India. Over the past three years, several topics have proven to be difficult topics in the negotiations. Protection of intellectual property rights (IPR), access to the U.S. automotive and agricultural goods market in Malaysia, trade in services, and public procurement policy are among the main issues to be resolved. Despite the relatively low volume of current services trade with Malaysia, several U.S. services sectors – including telecommunications, financial services and insurers – have shown strong interest in better access to the Malaysian domestic market.

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