tk88 bet

Malaysia tightens control over origin of export goods

The move aims to prevent potential transshipment practices by certain enterprises seeking to reroute goods through Malaysia to third countries.
A view of Kuala Lumpur capital of Malaysia (Photo: AFP/VNA)
A view of Kuala Lumpur capital of Malaysia (Photo: AFP/VNA)

Kuala Lumpur (VNA)ꦿ – Starting May 6, Malaysia’s Ministry of Investment, Trade and Industry (MITI) is the sole authority issuing non-preferential certificates of origin (NPCO) for goods exported to the US.

The move aims to prevent potential transshipment practices by certain enterprises seeking to reroute goods through Malaysia to third countries. With the new directive in force, business councils, chambers, and associations, previously authorised under MITI guidelines, are no longer permitted to issue NPCOs for shipments to the US.
MITI also emphasised that stronger enforcement mechanisms will accompany the change. The ministry will enhance audits of certificate applicants and work closely with the Royal Malaysian Customs Department to investigate and take action against any offences related to misdeclaration or illicit transshipment.
The Malaysian Government views any attempt to circumvent tariff through wrong or false declaration, whether related to the value or origin of goods, as a serious offence, the ministry said. Currently, the US is Malaysia’s third-largest trading partner and its top export market globally. According to data from the US Bureau of Economic Analysis, Malaysia recorded a trade surplus of 24.8 billion USD with the North American country in 2024./.
VNA

See more

Coordinating Minister for Economic Affairs Airlangga Hartarto answers questions from journalists on the sidelines of his official duties accompanying President Prabowo Subianto in St. Petersburg, Russia, on June 20. (Photo: ANTARA)

🧔 Indonesia concludes FTA talks with Eurasian Economic Union

Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
Malaysia's Petronas Twin Towers (Photo: AFP)

Malaysia plans sales, service tax hikes

The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
Philippines seizes 175 million USD meth haul

Philippines seizes 175 million USD meth haul

Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
Permanent Secretary of the Thai Ministry of Commerce, Vuttikrai Leewiraphan. (Photo: thainews.prd.go.th)

💝 Thailand engages USTR on five-point trade proposal

Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
(Photo: Malay Mail/Firdaus Latif)

Malaysia sues Telegram over harmful content

This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|{tk88 bet}|