MRA: not quite a FTA but getting there
Malaysia looks likely to free up its international trade just a little more by signing Mutual Recognition Agreements (MRAs) with numerous countries, a move designed to make it significantly easier for Malaysian companies to ship goods overseas.
Bernama reports Malaysia will use the agreements to identify Authorized Economic Operators (AEOs), including Japan and South Korea, who will form mutual recognition of customs arrangements to ensure shipping containers move unimpeded to their destinations. Several countries have signed MRAs on a number of different issues, especially since the World Trade Organization was formed in 1995. Such agreements would also help Malaysia to secure its supply chain and work to attract more foreign investment.
source & article: Bernama
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