- ENGLISH VERSION ONLY -
Trade In Goods
Under MICECA, both Malaysia and India will progressively reduce or eliminate tariffs on their respective industrial and agricultural products. Modality for tariff liberalisation for good under MICECA is AITIG plus, with fewer product being exempted from tariff concession (reduction or elimination) and shorter timeframe for reduction or elimination of tariff.
Key features of the tariff liberalisation package under MICECA are:
For Exclusion List (EL), India has excluded 1,225 products under MICECA compared with 1,298 under AITIG. Malaysia has excluded 838 products under MICECA, compared with 898 under AITIG.
Rules of Origin
In order for your product to enjoy the preferential duties, it must fulfil the Rules of Origin (ROO) criteria under MICECA which are:
MICECA provides a framework to further facilitate cross border investments between the two countries through commitments on national treatment as well as protection of investors and investments through expropriation, transfers and subrogation provisions.
India has committed to allow Malaysian foreign equity shareholding ranging from 49 to 100% in 84 services sub-sectors, including in professional services, healthcare, telecommunications, retail and environmental services. In return, Malaysia has made commitments to allow Indian foreign equity shareholding in 91 services sub-sectors.
MICECA also contains a dedicated chapter that facilitates the temporary entry of installers and services, contractual service suppliers, independent professionals and business visitors (including potential investors) from Malaysia into India, and vice versa.
MICECA also provides for economic cooperation. Areas of cooperation include: infrastructure development; human resource development (HRD);