U.S. continues TIFA talks with Malaysia
The United States and Malaysian governments held their third meeting in Kuala Lumpur Oct. 10 under the U.S.-Malaysia Trade and Investment Framework Agreement (TIFA).
The agreement was signed between the two governments in May 2004. Malaysia is the United States’ 10th-largest trading partner, with two-way trade reaching $40 billion last year.
The meeting was led by Barbara Weisel, Assistant U.S. Trade Representative for Southeast Asia and Pacific Affairs, and Malaysia’s Ministry of International Trade and Industry Secretary General Dato Sidek Hassan.
The key issues of the framework agreement include improving market access in the automotive, financial services, and agricultural sectors; strengthening protection and enforcement of intellectual property rights; upgrading customs procedures; and addressing investment concerns.
The two governments agreed to meet again early next year to continue TIFA discussions.
U.S. continues TIFA talks with Malaysia
