Malaysia-Australia Free Trade Agreement
The Malaysia-Australia Free Trade Agreement (MAFTA) enterred into force in 2013. It notably provides for the elimination of import tariffs for the following energy sector goods:
- Steel coils
- Automotive components
- Motor vehicles
The rules of origin delineated in the Agreement mirror those of the ASEAN-Australia-New Zealand Free Trade Area. Goods are considered as originating from a signatory country, and can thus benefit from preferential tariff treatment if:
- they are wholly produced or obtained in the country
- they qualify for a change in HS code as defined for each good
- they meet minimum regional value content requirements
Want to know more about this policy ? Learn more