Thursday, December 6, 2012

Australian senate passes Malaysia free trade deal



Published on Nov 29, 2012

The Australian Senate has passed legislation for a new free trade agreement with Malaysia.

Under the deal, almost all Australian goods will be able to enter Malaysia free of import duties.

In return, Malaysian exporters will enjoy duty-free entry to the Australian market.

Malaysia is Australia's third largest trading partner in ASEAN, and tenth largest partner overall, with exports of $5 billion and imports of just over $9 billion last financial year.

Australia's Trade Minister Craig Emerson speaks to Whitney Fitzsimmons about this deal with Malaysia and other trade issues.

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