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Jeff Sum (Malaysia)

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In brief The Ministry of Investment, Trade and Industry (MITI) has announced the resumption of Non-Preferential Certificate of Origin (NPCO) approvals for specific product categories to be exported to Russia, which include various types of ball or roller bearings. This follows a prior announcement regarding the temporary suspension of NPCO approvals for certain products to be exported to Russia effective 3 December 2024. In more detail Effective 1 January 2025, MITI has resumed issuing NPCO…

Joint Commitment of Singapore and Malaysia to establish a Special Economic Zone in Johor The signing of a memorandum of understanding on 11 January 2024 between Singapore and Malaysia reaffirms the longstanding ties and joint commitment by both countries to strengthen economic cooperation and the establishment of the Johor-Singapore Special Economic Zone (JSSEZ) which will be located in the state of Johor. Anticipated Tax, Customs & Trade Benefits While the JSSEZ is still in the…