date:May 28, 2012
The Malaysia-Australia Free Trade Agreement (FTA) will ease tariffs between the two countries when it goes into force on January 1 2013.
The agreement will reduce tariffs on dairy, food manufacturing, wine, automotive, iron and steel products as well as permit Australian businesses to invest in Malaysian firms.
For the food sector Malaysia will eliminate virtually all tariffs on processed foods.
Tim Wilson, director, IP and Free Trade Unit and Climate Change Policy at the Melbourne-based In