More consultation needed before resuming free trade pact with S. Korea, says Azmin

PETALING JAYA: Malaysia should consult relevant stakeholders before resuming the Malaysia-Korea Free Trade Agreement , says Datuk Seri Azmin Ali.

"While I understand that the MKFTA will also cover other areas such as economic cooperation, digital and green economy, supply chain and bio-economy, outcomes in these areas are usually collaborative in nature and may not necessarily be commensurate with the sacrifices that Malaysia will need to make by removing duties across 1,600-plus products.

Currently, both countries are parties to the AKFTA and the Regional Comprehensive Economic Partnership agreement, the Miti statement said. "I also recall that the Korean request involved more than 1,600 products including automotive parts and components, as well as iron and steel.

Health Health Latest News, Health Health Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S. Korea suspends two doctors’ licences over walkoutsSEOUL, March 19 — South Korea has suspended the medical licences of two doctors, the Korean Medical Association said today, in the first punitive action over a month-long strike...
Source: malaymail - 🏆 1. / 86 Read more »