M’sia signs Asean Trade in Services Agreement


Malaysia has signed the Asean Trade in Services Agreement and the Fourth Protocol to Amend the Asean Comprehensive Investment Agreement.

“Both agreements would strengthen and enhance trade in services and investments respectively among member states of Asean,” Minister of International Trade and Industry Datuk Darell Leiking (picture), who signed the agreement, said in a statement released in Kuala Lumpur yesterday.

He said this would further stimulate greater opportunities for economic and business development, by creating a larger market and predictability of the business environment in the region, in line with the Asean Economic Community Blueprint 2025.

Among others, the economic ministers exchanged views and deliberated on the 13 economic priority deliverables under Thailand’s chairmanship of Asean for 2019, operationalisation of the AEC (Asean Economic Community) 2025 Monitoring and Evaluation Framework, and progress updates on Asean external relations including work towards the conclusion of the Regional Comprehensive Economic Partnership and Asean engagement in World Trade Organisation reforms. — Bernama