The Agreement eliminated all tariffs on large cars and virtually all tariffs on automotive parts imported into Malaysia from entry into force. All tariffs on small cars will be eliminated by 2016. Malaysia exempted Australian cars from its global limit on imports from entry into force of the Agreement.
Malaysian tariffs on 96.4 per cent of iron and steel imported from Australia will be eliminated by 2016. This will rise to 99.9 per cent by 2017 and 100 per cent by 2020. *
The Agreement eliminated virtually all tariffs on chemicals and plastics from entry into force.
Malaysia guaranteed tariff-free treatment for the vast majority of manufactured products from entry into force of the Agreement. Australian exporters of manufactured goods and industrial products benefit from:
- business-friendly rules of origin provisions. Australian exporters do not need to supply a certificate of origin, but rather, a simpler declaration of origin.
- arrangements which make it easier for Australian goods sellers and investors to work in Malaysia; and to stay for longer periods.
For more information see MAFTA Trade in Goods Fact Sheet for Business.