The Signing of the Agreement between the Government of Japan and the Government of Malaysia for an Economic Partnership
December 9, 2005
- On December 9, the Cabinet of Japan made a decision on the signing of the Agreement between the Government of Japan and the Government of Malaysia for an Economic Partnership ("JMEPA"). Based on this decision, the Prime Minister of Japan, Mr. Junichiro Koizumi, and the Prime Minister of Malaysia, Mr. Dato' Seri Abdullah bin Haji Ahmad Badawi will sign the JMEPA, the Implementing Agreement and the Joint Statement, at their meeting which will be held on the occasion of the East Asian Summit in Kuala Lumpur, Malaysia.
- The JMEPA will result in tariff elimination of about 97% of trade in goods between the two countries on a trade volume basis, which will considerably promote trade in agricultural, forestry and fishery products as well as industrial products between the two countries.
- The JMEPA will also contribute to capacity building of peoples through the increased cooperation in various fields such as agriculture, forestry, fisheries and plantation, education and human resource development, information and communications technology (ICT), and science and technology.
- By providing a solid basis for the liberalization and facilitation of trade and investment between the two countries, the JMEPA will mark a new era for Japan-Malaysia strategic partnership. The comprehensive partnership under the JMEPA including trade in goods and services, investment, intellectual property and competition will enable the two countries to further invigorate their economies and strengthen their ties.
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