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Aug 04, 2023EU trade relations with Malaysia
Mar 15, 2024Negotiations for a Free Trade Agreement (FTA) between the EU and Malaysia were launched in 2010 and put on hold after seven rounds in 2012 at the request of Malaysia. The new government appointed in December 2022 has yet to take a position on the possible resumption of the negotiations.
Malaysia has been a member of the WTO since its creation in 1995.
Even though the FTA negotiations between the EU and Malaysia are on hold, a Sustainability Impact Assessment (SIA) was launched in support of FTA negotiations between the two partners. The SIA seeks to assess how trade and trade-related provisions in the proposed FTA could potentially impact economic, social, human rights, and environmental elements in each trading partner and in other relevant countries.
Malaysia is one of the 10 members of the Association of South East Asian Nations (ASEAN), the third largest economy in the region in terms of GDP (12%) and the EU’s third largest trading partner in ASEAN.
The ASEAN region is a dynamic market with some 660 million consumers and ranks as the eighth-biggest economy in the world. The countries as a group are the EU's third-largest trading partner outside Europe, after the US and China.
More information on ASEAN
The European Commission renewed the anti-dumping measures on imports of stainless steel tube and pipe butt-welding fittings ('SSTPF') from China and Taiwan for another five years.