Malaysia - New Zealand Free Trade Agreement Enter Into Force 1 August 2010

The Malaysia-New Zealand Free Trade Agreement (MNZFTA) entered into force on 1 August 2010. Under the Agreement, Malaysia and New Zealand will progressively reduce or eliminate tariffs on their respective industrial and agricultural products by 2016. Malaysian exporters will enjoy free duty on cocoa products, carpet, tyres, margarine, steel wire, iron products and wood furniture . Imports from New Zealand into Malaysia will enjoy zero or lower duties for paper, plastics, automotive components, veneer, and chemical products. The text of MNZFTA with schedules of commitments on goods and services is available on MITI's website at www.miti.gov.my .