Malaysia-Turkey Free Trade Agreement (MTFTA)

Created on 12 Aug 2015

Both Malaysia and Turkey will eliminate and bind duties on 70 per cent of the tariff lines, upon entry into force of the Agreement. After a period of eight years, duties will be reduced/eliminated for almost 86 per cent of tariff lines," the Malaysian minister added.

Key exports to Turkey comprise textiles & clothing, chemicals & chemical products, palm oil, manufactures of metal, rubber products, and electrical and electronics products.

Imports from Turkey include textiles & clothing, machinery appliances & parts, iron & steel products, chemicals & chemical products, other agriculture produce, and electrical and electronics products.

During the signing of the MTFTA in April 2014, the Prime Ministers of Malaysia and Turkey set a target of USD$5 billion in total trade by 2020.

Official Announcement of the FTA:
http://fta.miti.gov.my/miti-fta/resources/Malaysia%20-%20Turkey/Media_Release_MTFTA_En.pdf

Official Agreement:
http://fta.miti.gov.my/miti-fta/resources/auto%20download%20images/558bbd5f52056.pdf

Source: MITI (Ministry of International Trade and Industry, Malaysia)

News: http://english.astroawani.com/business-news/malaysia-turkey-fta-comes-effect-august-1-66011

Source: Astro Awani Network Sdn. Bhd.