Australia and Malaysia to create free trade zone

Note: This section contains information in English only.
Source: Marketwatch
Australia and Malaysia are set to sign free trade agreement on Tuesday, said Craig Emerson, Australia's Trade and Competitiveness Minister. The new agreement will allow 97.6% Malaysian goods imports from Australia to exempt from tariffs while the figure may climb to 99% by 2015. Closer economic ties between Austria and Malaysia will improve economic environment for Australian exporters of wide range of goods, varying from automotive parts to dairy products, Craig Emerson added.


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