From the Australian Food News website, 23 May 2012
A Free Trade Agreement, signed in Kuala Lumpur yesterday (22 May 2012) by Trade and Competitiveness Minister Craig Emerson and his Malaysian counterpart Mustapa Mohamed, will aim to improve trading conditions for Australian farmers and processed food producers.
The Free Trade Agreement will guarantee tariff-free entry for 97.6 per cent of recent goods imports by Malaysia from Australia once it enters into force, further integrating the Australian economy with the fast-growing Asian region. This will rise to 99 per cent by 2017.
Australian opportunities for agriculture and food
Malaysia is an important regional market for Australian agriculture – it is currently ranked among Australia’s top five markets for dairy, horticulture products, wheat and sugar.
The Free Trade Agreement with Malaysia will improve cooperation on food regulatory issues such as halal certification and abattoir accreditation, quarantine, food standards, labelling requirements and Customs clearance times.
Click here to read whole story on the AFN website.