BULLETIN

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VOLUME 597 VOLUME 597

MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY

Weekly

BULLETIN BULLETIN

4 August 2020 | NO. ISSN : 2180-0448

MEDIA RELEASE

MALAYSIA TO HIGHLIGHT ITS EFFORTS IN MITIGATING COVID-19 IMPACTS TO JAPANESE AND ASEAN COUNTERPARTS

Senior Minister and Minister of International Trade & Industry YB Dato’ Seri Mohamed Azmin Ali will be leading the Malaysian delegation at the Economic Ministers of ASEAN Member States digital meeting with Minister of Economy, Trade and Industry of Japan on 20 July 2020.

At the meeting, the Senior Minister, who will be accompanied by Deputy Minister of International Trade & Industry YB Datuk Lim Ban Hong, will be sharing the Malaysian government experience in combatting the socio-economic impacts of COVID-19 and ensure the protection of lives and livelihoods of Malaysians.

The meeting, hosted by Viet Nam, is set to take place to discuss ASEAN-Japan action plan in response to COVID-19 pursuant to the

“ASEAN-Japan Joint Statement on Initiatives on Economic Resilience Action in Response to Corona Virus Disease (COVID-19) Outbreak” issued on 22 April 2020.

Malaysia, regarded as one of the best in managing the COVID-19 impact, will share its experience and efforts, both in curbing the spread of COVID-19 and to put a balance onto the Malaysian economy.

Among these would include the PENJANA economic stimulus plan and Recovery Movement Control Order (RMCO) imposed by Malaysia that saw the opening of economic activities to keep the economy resilient, thus protecting the livelihood and well-being of Malaysians.

The meeting will be an avenue for Malaysia through the ASEAN platform to forge closer collaboration and partnership with Japan and other ASEAN member states, in a synergised and unified manner to battle against COVID-19 - portraying strong solidarity, vision and leadership among ASEAN and Japan Economic Ministers.

At the end of the meeting, the Ministers are expected to adopt the “ASEAN-Japan Economic Resilience Action Plan” which would be an important mechanism to turn the collaborative decisions as envisioned in the “ASEAN-Japan Joint Statement on Initiatives on Economic Resilience Action in Response to Corona Virus Disease (COVID-19) Outbreak” into concrete and tangible action plan.

Ministry of International Trade & Industry 28 July 2020

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MEDIA RELEASE

Ministry of International Trade & Industry 28 July 2020

INITIATION OF ADMINISTRATIVE REVIEW OF AN ANTI-DUMPING DUTY WITH REGARD TO THE IMPORTS OF COLD ROLLED COILS OF ALLOY AND NON-ALLOY STEEL ORIGINATING OR EXPORTED FROM

THE SOCIALIST REPUBLIC OF VIET NAM

On 29 June 2020, the Government of Malaysia received a Petition from a domestic producer, Mycron Steel CRC Sdn.

Bhd. requesting for administrative review of anti-dumping duties imposed on imports of cold rolled coils of alloy and non-alloy steel (subject merchandise) originating or exported from the Socialist Republic of Viet Nam (Viet Nam). The request is made in accordance with section 28(1)(a) of the Countervailing and Anti-dumping Duties Act 1993, in which it is based on the ground that dumping margins for the alleged country have substantially changed from the previous administrative review that was concluded on 8 May 2019.

The original anti-dumping investigation was initiated on 27 August 2015 and affirmative anti-dumping duties were imposed on imports of cold rolled coils of alloy and non- alloy steel from the People’s Republic of China (China), Republic of Korea (ROK) and Viet Nam from 24 May 2016 until 23 May 2021. Subsequently, on 9 November 2018, the Government of Malaysia initiated the first administrative review of anti-dumping duties imposed on the same subject merchandise originating or exported from the same alleged countries.

The Government of Malaysia decided to review and imposed affirmative anti- dumping duties from 8 May 2019 until 23 May 2021, ranging from Nil duty to 42.08%

on imports of cold rolled coils of alloy and non-alloy steel originating or exported from China, ROK and Viet Nam.

With regard to this Petition, the Government has evaluated and considered the prima facie evidence that the dumping margin

of the subject merchandise from Viet Nam had substantially changed and decided to initiate an administrative review on anti-dumping duties imposed on imports of the subject merchandise from Viet Nam.

In accordance with the Countervailing and Anti- Dumping Duties Act 1993 and the Countervailing and Anti-Dumping Duties Regulations 1994, the Government will initiate the administrative review and the final determination of the administrative review will be made within 180 days from the date of initiation.

In connection with this investigation, Ministry of International Trade and Industry (MITI) will provide a set of questionnaires to interested parties, such as importers, foreign producers, exporters and associations. Other interested parties may request for the questionnaires in writing to MITI no later than 12 August 2020. Interested parties may also provide additional supporting evidence to MITI by 27 August 2020. In the event no response is received within the specified period, the Government will make its preliminary findings based on the best facts available.

Further enquiries concerning this investigation can be directed to:

Director

Trade Practices Section

Ministry of International Trade and Industry (MITI) Level 9, Menara MITI

No. 7, Jalan Sultan Haji Ahmad Shah 50480 Kuala Lumpur

Telephone No: (603) 6208 4632 / 4641 / 4637 / 4638 Facsimile No: (603) 6211 4429

E-mail address : [email protected]

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Malaysia Statistics

Source: Department of Statistics, Malaysia

SMALL AND MEDIUM ENTERPRISES (SMES) PERFORMANCE 2019

SMEs GDP grew 5.8% as compared with 6.2% in 2019.

Contribution of SMEs to GDP increased by 38.9% from 38.3% in the previous year.

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Malaysia Statistics

PRODUCTION PRICE INDEX (PPI) JUNE 2020

Source: Department of Statistics, Malaysia

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International Report

Source: WTO (https://www.wto.org/english/news_e/news20_e/publ_31jul20_e.htm)

WORLD TRADE STATISTICAL REVIEW 2020

World trade in commercial services US$

5.898 trillion,

+2.1%

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International Report

WORLD TRADE STATISTICAL REVIEW 2020

Source: WTO

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Are you aware that currently there are close to 650 million people in the ASEAN region?

Did you notice that the ASEAN's Emblem which consist of ten stalks of paddy represents the 10 ASEAN Member States?

Do you know that Tan Sri Dato' Ajit Singh, the 9

^th

ASEAN Secretary General a Malaysian?

Did you know that the 3 pillars in ASEAN Community were launched during the 27

^th

ASEAN Summit in 2015 in Kuala Lumpur?

A S E A N C o m m u n i t y

53 rd ASEAN D ay Cohesiv e and R esponsiv e

Source: Wisma Putra

H a p p y A S E A N D a y 8 . 8 . 2 0 2 0

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Number and FOB Value of PCO as at 26 July 2020 Weekly / Monthly / Annually

Weekly

Source: Ministry of International Trade and Industry, Malaysia

0 2,000 4,000 6,000 8,000 10,000 12,000 14,000

16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

2020 Total No of CO

TOTAL BILATERAL TOTAL REGIONAL

0.0 2,000.0 4,000.0 6,000.0 8,000.0 10,000.0 12,000.0 14,000.0 16,000.0 18,000.0 20,000.0

16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

RM mil.

2020 Total FOB (RM mil)

0 100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 900,000 1,000,000

2012 2013 2014 2015 2016 2017 2018 2019 2020

(Jan-Jun) Total No of CO

0.0 2,000.0 4,000.0 6,000.0 8,000.0 10,000.0 12,000.0 14,000.0 16,000.0 18,000.0

Jan Feb Mar Apr May Jun

RM mil.

2020 Total FOB (RM mil)

TOTAL BILATERAL TOTAL REGIONAL 0

10,000 20,000 30,000 40,000 50,000 60,000

Jan Feb Mar Apr May Jun

2020 Total No of CO

0.0 50,000.0 100,000.0 150,000.0 200,000.0 250,000.0 300,000.0 350,000.0 400,000.0 450,000.0

2012 2013 2014 2015 2016 2017 2018 2019 2020

(Jan-Jun)

RM mil.

Total FOB (RM mil)

Annually Monthly

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Bilateral FTA

Number and Value of Preferential Certificates of Origin (PCOs) Regional FTA Number and Value of Preferential Certificates of Origin (PCOs)

Note: *Provisional Data Source: Ministry of International Trade and Industry, Malaysia

0 20 40 60 80 100 120 140

0 5 10 15 20 25 30 35

10 May 17 May 24 May 31 May 7 Jun 14 Jun 21 Jun 28 Jun 5 Jul 12 Jul 19 Jul 26 Jul No. of Certificate of Origin

RM mil.

Generalised System of Preferences (GSP)

Total FOB (RM mil.) Total CO

Note: The preference giving countries under the GSP scheme are Liechtenstein, the Russian Federation, Japan, Switzerland, Belarus, Kazakhstan and Norway.

0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000

0 2,000 4,000 6,000 8,000 10,000 12,000 14,000

RM mil.

ASEAN Trade in Goods Agreement (ATIGA)

0 500 1,000 1,500 2,000 2,500 3,000

0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000

RM mil.

ASEAN-China Free Trade Agreement (ACFTA)

0 100 200 300 400 500 600 700 800 900 1,000

0 500 1,000 1,500 2,000 2,500 3,000

RM mil.

ASEAN-Korea Free Trade Agreement (AKFTA)

0 50 100 150 200 250 300

0 20 40 60 80 100 120

RM mil.

ASEAN-Japan Comprehensive Economic Partnership (AJCEP)

0 100 200 300 400 500 600

0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000

RM mil.

ASEAN-India Free Trade Agreement (AIFTA)

0 200 400 600 800 1,000 1,200 1,400

0 20 40 60 80 100 120 140

RM mil.

ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA)

0 1 2 3 4 5 6 7

0 0 0 1 1 1 1 1 2

RM mil.

ASEAN-Hong Kong, China Free Trade Agreement (AHKFTA)

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Sale s V alu e

Bilateral FTA

Number and Value of Preferential Certificates of Origin (PCOs)

Note: *Provisional Data

0 200 400 600 800 1,000 1,200

0 50 100 150 200 250

RM mil.

Malaysia-Japan Economic Partnership Agreement (MJEPA)

0 50 100 150 200 250 300

0 20 40 60 80 100 120 140 160

RM mil.

Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA)

0 2 4 6 8 10 12 14

0.00 0.10 0.20 0.30 0.40 0.50 0.60

RM mil.

Malaysia-New Zealand Free Trade Agreement (MNZFTA)

0 10 20 30 40 50 60 70 80 90 100

0 5 10 15 20 25 30 35 40 45

RM mil.

Malaysia-Chile Free Trade Agreement (MCFTA)

0 50 100 150 200 250 300 350

0 10 20 30 40 50 60 70 80

RM mil.

Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA)

0 100 200 300 400 500 600

0 10 20 30 40 50 60 70

RM mil.

Malaysia-Australia Free Trade Agreement (MAFTA)

0 50 100 150 200 250 300 350

0 20 40 60 80 100 120 140 160 180 200

RM mil.

Malaysia-Turkey Free Trade Agreement (MTFTA)

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Malaysian Ringgit Exchange Rate with Selected Countries, January 2019 - July 2020

Source : Bank Negara Malaysia

US Dollar

Chinese Yuan

Thai Baht

Japanese Yen

Singapore Dollar

New Taiwan Dollar

4.1161

4.0746

4.3553

4.2657

4.06 4.11 4.16 4.21 4.26 4.31 4.36 4.41

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul

2019 2020

RM

USD 1 = RM

0.6064

0.5880

0.6156

0.6083

0.57 0.58 0.58 0.59 0.59 0.60 0.60 0.61 0.61 0.62 0.62

2019 2020

RM

CNY 1 = RM

12.9318

12.8563

13.7884

13.5736

12.20 12.40 12.60 12.80 13.00 13.20 13.40 13.60 13.80 14.00

2019 2020

RM

THB 100 = RM

3.7814

3.6696

4.0505 3.9914

3.60 3.65 3.70 3.75 3.80 3.85 3.90 3.95 4.00 4.05 4.10

2019 2020

RM

JPY 100 = RM

3.0350

2.9959

3.0722

2.94 2.96 2.98 3.00 3.02 3.04 3.06 3.08

2019 2020

RM

SGD 1 = RM

13.3508

13.2198

14.5082 14.4926

13.00 13.20 13.40 13.60 13.80 14.00 14.20 14.40 14.60

2019 2020

RM

TWD 100 = RM

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Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Iron and Steel Industry Federation, and Bloomberg.

Commodity Prices

Notes: All figures have been rounded to the nearest decimal point * Refer to % change from the previous week’s price i Average price in the year except otherwise indicated

5.9%*

US$270.0 (low)

5.3%*

US$300.0 (high)

30 July 2020

0.6%*

US$49.9

7.1%*

US$1,349.4 RUBBER SMR 20 -per MT-

4.8%*

US$1,256.5

COCOA SMC 2 -per MT-

COAL -per MT-

SUGAR -per lbs-

8.7%*

US$12.5

SCRAP IRON HMS -per MT-

Average Price 2019 ⁱ: US$1,414.6 Average Price 2019 ⁱ: US$1,592.4 Average Price 2019 ⁱ: US¢12.4

Average Price 2019 ⁱ: US$316.9 (high) Average Price 2019 ⁱ: US$291.6(low) Average Price 2019 ⁱ: US$56.5

Domestic Prices

30 July 2020

Steel Bars

(per MT)

RM1,980 – RM2,130

Billets

(per MT) RM1,800 - RM1,850

30 July 2020 30 July 2020 30 July 2020

30 July 2020

3.3%*

US$39.9 CRUDE PETROLEUM (BRENT) -per bbl-

30 July 2020

CRUDE PALM OIL -per MT-

2.2%*

US$641.0

30 July 2020

17 May 2019 : US$72.2

Highest

2019/2020

03 Jan 2020 : US$68.6

24 Apr 2020 : US$21.4 09 Aug 2019 : US$54.5

Lowest 2019/2020

27 Dec 2019 : US$794.5

Highest

2019/2020

10 Jan 2020 : US$761.9

8 May 2020 : US$473.0 26 Jul 2019 : US$488.5

Lowest 2019/2020 Average Price 2019 ⁱ: US$64.2 Average Price 2019 ⁱ: US$557.1

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Commodity Price Trends

Sources: Ministry of International Trade and Industry Malaysia, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Cocoa Board, Malaysian Pepper Board, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.

1,605.1 1,599.0

1,650.0 1,681.5 1,582.3

1,559.9 1,607.1

1,312.1 1,271.1

1,247.21,260.4 1,349.4

1,200 1,300 1,400 1,500 1,600 1,700 1,800 1,900

15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul 30 Jul 2020

US$/mt

Cocoa

1,099.5 1,104.5 1,108.5 1,157.0

1,142.5 1,160.5

1,151.0 1,173.5

1,191.01,183.5 1,198.5

1,256.5

1,090 1,110 1,130 1,150 1,170 1,190 1,210 1,230 1,250 1,270

US$/mt

Rubber SMR 20

29.4

33.3 35.5 39.6

36.3

39.8 38.5

40.7 40.6 40.6 41.3 39.9

32.5

35.1 35.3 42.3

38.7

42.2 41.0

43.1 43.2 43.1 43.3 42.9

10 15 20 25 30 35 40 45 50

US$/bbl

Crude Petroleum

Crude Petroleum (WTI)/bbl Crude Petroleum (Brent)/bbl 10.4

10.9 10.9

12.1 12.012.2 11.6

12.2

11.8 11.7 11.5

12.5

9.5 10.0 10.5 11.0 11.5 12.0 12.5 13.0

US¢/lbs

Sugar

478.7 506.2

525.0 557.7 556.8

580.3 575.2

563.1 573.0 616.0

655.4 641.0

450 500 550 600 650 700

US$/mt

Crude Palm Oil

1,704 1,697 1,702 1,760

1,838

1,908 1,909 2,057

2,194 2,270 2,273

2,362

1,650.0 1,750.0 1,850.0 1,950.0 2,050.0 2,150.0 2,250.0 2,350.0 2,450.0

US$/mt

Pepper

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17.1 17.7

18.5

17.5 17.9 17.8 18.0 18.3 19.1

19.8 22.9

23.4

14.0 15.0 16.0 17.0 18.0 19.0 20.0 21.0 22.0 23.0 24.0

US$/oz

Silver

55.8 55.7 55.6 54.1

55.7 55.8 56.2 57.2

58.0 58.1 61.2

62.9

52.0 54.0 56.0 58.0 60.0 62.0 64.0

US$/g

Gold

Sources: Ministry of International Trade and Industry Malaysia, , Malaysian Iron and Steel Industry Federation, Bloomberg and Czarnikow Group, World Bank, World Gold Council, The Wall Street Journal.

2,082 2,052 2,026 2,030

1,939 1,920 1,854 1,863 1,871 1,845 1,781 1,756 1,797 1,741 1,754 1,726 1,775 1,771 1,773 1,688 1,611 1,460 1,466 1,569

1,300 1,400 1,500 1,600 1,700 1,800 1,900 2,000 2,100 2,200

Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

2018 2019 2020

US$/ tonne

Aluminium

6,251 6,051 6,051 6,220 6,196 6,075 5,939 6,300 6,439 6,438 6,018 5,882 5,941 5,709 5,759 5,757 5,860 6,077 6,031 5,688 5,183 5,058 5,240 5,755

4,000 4,500 5,000 5,500 6,000 6,500 7,000

2018 2019 2020

US$/ tonne

Copper

13,794 13,411 12,510 12,315 11,240 10,835 11,523 12,685 13,026 12,773 12,016 11,944 13,546 15,749 17,657 17,046 15,172 13,829 13,507 12,716 11,846 11,804 12,180 12,727

7,000 9,000 11,000 13,000 15,000 17,000 19,000

2018 2019 2020

US$/ tonne

Nickel

Commodity Price Trends

64.56 67.15 68.44 73.41 73.26 69.15 76.16 88.22 86.47 93.70 100.15 108.94 120.2493.07 93.08 88.53 84.98 92.65 95.76 87.68 88.99 84.73 93.65 103.30

50.0 60.0 70.0 80.0 90.0 100.0 110.0 120.0 130.0

2018 2019 2020

US$/dmtu

Iron Ore

817.1 886.3

874.6

830.4 824.0 827.3 809.9

831.6 845.9 849.6 956.0

912.6

700.0 750.0 800.0 850.0 900.0 950.0 1,000.0

US$/oz

Platinum

270.0 270.0 280.0 280.0

270.0 270.0 280.0

270.0 270.0 285.0 285.0

300.0

250.0 250.0 260.0 260.0

250.0 250.0 250.0 240.0 240.0

255.0 255.0 270.0

230 240 250 260 270 280 290 300 310

US$/mt

Scrap Iron Scrap Iron/MT (High) Scrap Iron/MT(Low)

38.8 38.7 38.5 46.2

44.5 45.0 45.5 51.1

48.7 49.3 49.6 49.9

30 35 40 45 50 55

US$/t

Coal

All you need to know...

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All you need to know...

For more information, kindly click the following links:

https://www.miti.gov.my/index.php/pages/view/industry4WRD?mid=559#tab_547_2202

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All you need to know...

https://www.miti.gov.my/index.php/pages/view/industry4WRD

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https://www.myapec2020.my/en/

https://bit.ly/2RUyG8l

https://www.miti.gov.my/index.php/pages/view/aki?mid=535

For more information, kindly click the following links: https://bit.ly/2ZhxmRp For more isubmission, kindly click https://notification.miti.gov.my/login

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www.mycensus.gov.my

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