Report on the Australia-Malaysia Free Trade Agreement (MAFTA)

This report, submitted by a student from the Institute of Business Administration, Jahangirnagar University, examines the Australia-Malaysia Free Trade Agreement (MAFTA). It provides a comprehensive overview of the agreement, including its background, scope, and objectives. The report details the trade and investment links between Australia and Malaysia, analyzing the impact of the agreement on both economies. It covers key aspects such as tariffs, non-tariff measures, service sector effects, and industrial technical barriers to trade. The report also explores opportunities for increased cooperation, investment, and the macroeconomic impact of the free trade agreement. It highlights the benefits for Australian exporters, importers, and consumers, emphasizing the reduction of trade barriers and the opening of markets. The report includes recommendations for maximizing the benefits of MAFTA, such as comprehensive coverage, immediate tariff elimination, and the harmonization of intellectual property laws. The report concludes by emphasizing the importance of MAFTA in Australia's trade strategy and its role in promoting mutually beneficial business opportunities.