Tan Sri Mohd Sidek Hassan

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At Your Servicesurplus totalled RM6.7bil, as exports increased by 42.2% to RM71.8bil in 2008 fromRM50.5bil in 2005. Malaysian exporters are beginning to realise the importanceof FTAs and the benefits they bestow. But this has not assuaged critics who arguethat domestic industries and service providers face increased competition fromthe concessions accorded to countries under such agreements.There is no doubt, however, that properly-negotiated FTAs benefit participatingcountries over the longer term. In the short term, some companies may find thatthey have to work harder and become more efficient to stay competitive. Butthis is an acceptable challenge, given that concessions accorded under FTAs arenormally granted in stages over a period of time, sometimes as long as 10 years.This gives domestic producers ample time to adapt their production processesto meet the increased competition in the domestic market.The end result – low tariffs for bothexporters and importers – is a win-winoutcome for all parties. Exporters will haveimproved access to the markets of Malaysia’sFTA partners, and local producers will findthat their lower cost structure will makethem more competitive in the internationalmarket.FTAs also aim to create a conduciveenvironment for investments by providingprotection to investment and enhancingMalaysia’s standing as an attractiveinvestment destination.They also provide a platform to address technical regulations and standards suchas those applied on agricultural products for health and safety reasons. The need to146
<strong>Tan</strong> <strong>Sri</strong> Abdul Rahman Mamat“Malaysia will continue to use the FTA mechanism toexplore opportunities to expand market access andboost business opportunities for exporters”meet these standards will also encourage Malaysians to upgrade themselves throughbetter training, information sharing and the use of more modern technologies. Forinstance, the cooperation and collaboration being effected through the Malaysia-Japan Automotive Industry Cooperation (Majaico) programme is an importantexample of this kind of cooperation. One of the programmes undertaken byMajaico seeks to upgrade standards at the Components and Parts Testing Centrein Malaysia. This, in turn, will help local parts and components manufacturers meetJapanese standards.Malaysia will continue to use the FTA mechanism to explore opportunities toexpand market access and boost business opportunities for exporters. Amongthe regions it is exploring are new and emerging markets, such as those in theMiddle East. This region has in recent years become an increasingly thriving andlucrative market, and is also an important source of investments. The potential forincreased trade and investment opportunities with these new potential partnersshould not be underestimated.147
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R u k u n N e g a r aOUR NATION MAL
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Setting targets in the public servi
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Public Service. We now, ironically,
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Datuk Seri Wong Chun WaiChief Edito
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Tan Sri Mohd Sidek HassanKeeping th
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Tan Sri Mohd Sidek Hassan“Public
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Tan Sri Ismail AdamTHE public servi
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Tan Sri Ismail Adam“Our vision is
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Tan Sri Dr. Wan Abdul Aziz Wan Abdu
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Tan Sri Dr. Wan Abdul Aziz Wan Abdu
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Tan Sri Dato’ Seri Dr. Haji Ismai
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Tan Sri Dato’ Seri Dr. Haji Ismai
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Tan Sri Abdul Rahman MamatThe argum
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Tan Sri Abdul Rahman Mamatincreasin
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Dato’ R. SegarajahWhile lucrative
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At Your ServiceEnforcementsuccess l
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At Your ServiceThe success of our e
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At Your ServiceLiberalisation in ou
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At Your Serviceindustries. In the d
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At Your ServiceMalaysia needsyou ba
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At Your ServiceThe ministry has int
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At Your ServiceBuilding cities whic
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At Your Servicesettle wherever they
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At Your ServiceOutcome-basedbudgeti
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At Your ServiceSystemic problems, h
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At Your ServiceLove yourself,love y
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At Your Servicemodel-in-chief, inst
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At Your ServiceSMART Tunnel-Is the
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At Your ServiceSMART provides an al
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At Your ServiceMalaysian firmsshoul
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At Your ServiceSo while they contin
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At Your ServiceTurning to totalasse
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At Your Serviceministries and depar
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At Your ServicePDRM - yourservice p
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At Your Serviceone essential elemen
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At Your ServiceSetting targets inth
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At Your Servicecrime by 20% by the
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At Your ServiceWhy progressiveliber
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At Your ServiceThird, they were eve
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At Your ServiceMoulding thecountry
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At Your Servicestresses on the buil
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At Your ServiceModernising thepubli
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At Your Serviceentrusted to spearhe
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At Your ServiceRedefiningMalaysia
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At Your ServiceThat started the ind
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Tan Sri Mohd Sidek Hassan

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