In his introductory statement Ambassador Neple commented on Malaysia’s economic and trade performance and emphasized the strong overall economic performance during the period under review. He also touched upon issues linked to trade facilitation and corruption, and various aspects of the plans linked to Malaysia’s Vision 2020, including the services, oil and gas and automotive sectors
Read Ambassador. Neple’s full statement here.
WTO members applauded Malaysia’s solid economic performance and commended its good growth rates, impressively low levels of unemployment and low inflation rates, despite the unfavorable global economic conditions during the period of review.
Members also raised issues of concern, including macroeconomic challenges, transparency of the regulatory and institutional framework, tariffs, subsidies and state involvement as well as non-tariff barriers and regulatory measures.
Read more about Malaysia’s 6th Trade Policy Review here.
Like other members, Norway commended Malaysia’s for its efforts to undertake reforms and also said that they value Malaysia’s active role and contribution to the work of the WTO and in the Doha Development Agenda . Norway also noted that, although trade between Norway and Malaysia is still rather limited it has increased by 25% over the past ten years but. Read Norway’s full statement here.