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Malaysian Trade Policy and the 2001 WTO Trade Policy Review

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Author Info
Prema-Chandra Athukorala

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Abstract

The purpose of this paper is two-fold; to examine developments in trade and investment policy regimes in Malaysia following the on-set of the financial crisis, using the Trade Policy Review Malaysia: 2001 of the WTO as a reference point; and to evaluate the Review in terms of the objectives of the WTO Trade Policy Review Mechanism as set out in the Marrakesh Agreement. It is found that, by and large Malaysia has managed to come out of the crisis without compromising on its long-standing commitment to maintaining a relatively open trade and investment policy regime by the regional standards. However, there are some disturbing post-crisis developments, which deserve scrutiny in a future Review. These include increase in the degree of dispersion of tariff rates because of high tariff peaks relating to a few product lines, increased reliance on non-automatic import licensing to regulate imports of a significant number of products which directly compete with domestic production by public sector enterprises, and unexplained delays in meeting commitments under the General Agreement on Trade in Services (GATS) Copyright Blackwell Publishers Ltd 2002.

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File URL: http://www.blackwell-synergy.com/links/doi/10.1111/1467-9701.00493/enhancedabs
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Publisher Info
Article provided by Blackwell Publishing in its journal The World Economy.

Volume (Year): 25 (2002)
Issue (Month): 9 (09)
Pages: 1297-1317
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Handle: RePEc:bla:worlde:v:25:y:2002:i:9:p:1297-1317

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Prema-chandra Athukorala & Jayant Menon, 1999. "Outward Orientation and Economic Development in Malaysia," The World Economy, Blackwell Publishing, vol. 22(8), pages 1119-1139, November. [Downloadable!] (restricted)
  2. Jeffrey D. Sachs & Andrew Warner, 1995. "Economic Reform and the Process of Global Integration," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1995-1), pages 1-118. [Downloadable!]
  3. Jayant Menon, 2000. "How Open is Malaysia? An Analysis of Trade, Capital and Labour Flows," The World Economy, Blackwell Publishing, vol. 23(2), pages 235-255, 02. [Downloadable!] (restricted)
  4. Jeffrey Sachs & Andrew Warner, 1995. "Economic Reform and the Progress of Global Integration," Harvard Institute of Economic Research Working Papers 1733, Harvard - Institute of Economic Research.
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