What Are Three Trade Agreements That Malaysia Is Part Of

A topic of interest to many U.S. exporters, and especially software and pharmaceutical companies, is Malaysian regulation and IPR enforcement. Malaysia had recently tightened its intellectual property laws and strengthened its enforcement, but problems remained. The Business Software Alliance (BSA) estimated that 59% of malaysia`s software was pirated in 2007, resulting in industrial losses of $311 million.48 According to Malaysia, its exports to the United States rose from just over $20 billion in 2000 to about $30 billion in 2006 – an increase of nearly 50% – and then slipped to $27.5 billion in 2007. Over the same period, Malaysia`s imports from the United States increased by 20 per cent, from $13.6 billion in 2000 to $16.4 billion in 2006, and then declined by almost $500 million in 2007. Malaysia`s trade surplus with the United States was $6.5 billion in 2000 and $11.6 billion in 2006, about $8 to $10 billion less than united States figures. More detailed information on U.S. trade with Malaysia can be found in Appendices D, E and F. Licensed professionals such as lawyers and architects are also restricted in Malaysia. Foreign lawyers are not allowed to practice Malaysian law or be affiliated with local firms.

Foreign law firms can take an operational stake of up to 30% in a local law firm. A foreign architectural firm can only operate in Malaysia as a joint venture participant in a particular project, and foreign architects cannot be licensed in Malaysia. Foreign engineers can only obtain a license for certain projects. Foreign accounting firms must operate through Malaysian subsidiaries.62 Areas of particular interest to U.S. exporters include the removal of barriers to Malaysian trade in automobiles and certain agricultural products, intellectual property enforcement provisions, and wider access to Malaysia`s services sectors such as financial services, telecommunications and professional services. The negative list of sectors closed to foreign investment may include, for example, airports, social security or other sectors operated by governments or with special security requirements. As a predominantly Muslim nation, Malaysia has a long history of supporting what it sees as the struggle of the Palestinian people to free themselves from Israeli oppression. .