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(From Business Times (Malaysia))
MALAYSIA'S trade policy is to pursue trade liberalisation through the rule-based multilateral trading system under the World Trade Organisation (WTO). To complement the multilateral liberalisation approach, Malaysia has also chosen to pursue regional and bilateral trading arrangements.
Free trade agreements (FTAs) have traditionally been confined to trade in goods. However, after the establishment of the WTO, trade in services has been included in many FTAs. FTAs provide the means to achieve quicker and higher levels of liberalisation that …