KUALA LUMPUR: The government is currently refining the draft amendments to three Acts as it moves towards ratifying the Regional Comprehensive Economic Partnership (RCEP), said Deputy International Trade and Industry Minister Datuk Lim Ban Hong.
He said the Attorney-General's Chambers is refining the draft amendments to the Patents Act 1983, Copyright Act 1987 and Trademarks Act 2019, which are under the Domestic Trade and Consumer Affairs Ministry, and these are expected to be tabled in Parliament at the end of the year.
"To complete the RCEP ratification process, these Acts need to be amended. This is necessary to ensure that they are in line with Malaysia's obligations and commitments under the RCEP agreement," he said during the Dewan Rakyat's question-and-answer session here today.
He was replying to Senator Lim Hui Ying, who wanted to be updated on the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and RCEP, as well as on the government's interest to continue negotiations at this time.
Ban Hong explained that RCEP was signed by 15 countries -- 10 ASEAN member states and five ASEAN dialogue partners including Australia, China, South Korea, Japan, and New Zealand -- on Nov 15 last year.
"The RCEP agreement will only come into force after at least six ASEAN member states and three ASEAN dialogue partners have ratified it. So far, China, Japan and Singapore are among the countries that have ratified it and the agreement is expected to be effective from January 2022," he added.
Earlier this week, Brunei became the sixth country to ratify the free trade agreement (FTA).
On CPTPP, Ban Hong said this FTA was signed on March 8, 2018, among 11 Asia-Pacific nations including Malaysia.
"The CPTPP pact has gradually entered into force since December 2018 for Australia, Canada, Japan, Mexico, New Zealand, Singapore, Vietnam and Peru. The other three signatories, namely Brunei, Chile and Malaysia, have not ratified and enforced CPTPP.
"The government has intensified efforts to complete the amendments to the related Acts to enable Malaysia to ratify CPTPP," he said.
According to him, six Acts have been passed in Parliament to date.
The eight remaining Acts that need to be amended and approved include four Acts under the Human Resources Ministry -- the Employment Act 1955, Trade Unions Act 1959, Labour Ordinance (Sabah Chapter 67), and Labour Ordinance (Sarawak Chapter 76).
The others are the Geographical Indications Act 2000, Patents Act 1983 and Copyright Act 1987 under the Domestic Trade and Consumer Affairs Ministry, as well as the Communications and Multimedia Act 1998 under the Communications and Multimedia Ministry.
-- BERNAMA
Bernama
Wed Oct 13 2021
Deputy International Trade and Industry Minister Datuk Lim Ban Hong said this is necessary to ensure that they are in line with Malaysia's obligations and commitments under the RCEP agreement. - BERNAMA photo
COP29 climate summit draft proposes rich countries pay $250 billion per year
The draft finance deal criticised by both developed and developing nations.
Bomb squad sent to London's Gatwick Airport after terminal evacuation
This was following the discovery of a suspected prohibited item in luggage.
Kelantan urges caution amidst northeast monsoon rains
Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.
Former New Zealand PM Jacinda Ardern receives UN leadership award
Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.
ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM
The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.
KTMB provides two additional ETS trains for Christmas, school holidays
KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.
BNM'S international reserves rise to USD118 bil as at Nov 15, 2024
Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
Findings by dark energy researchers back Einstein's conception of gravity
The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.
NRES responds to Rimbawatch press release on COP29
The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.
Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections
The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.
Malaysia's inflation at 1.9 pct in Oct 2024 - DOSM
Malaysia's inflation rate for October 2024 has increased to 1.9 per cent, up from 1.8 per cent in September this year.
Saudi Arabia showcases Vision 2030 goals at Airshow China 2024
For the first time, Saudi Arabia is participating in the China International Aviation & Aerospace Exhibition held recently in Zhuhai.
King Charles' coronation cost GBP 71mil, govt accounts show
The coronation of Britain's King Charles cost taxpayers GBP72 million (US$90 million), official accounts have revealed.
Couple and associate charged with trafficking 51.9 kg of meth
A married couple and a man were charged in the Magistrate's Court here today with trafficking 51.974 kilogrammes of Methamphetamine.
PDRM to consult AGC in completing Teoh Beng Hock investigation
The police may seek new testimony from existing witnesses for additional insights into the investigation of Teoh Beng Hock's death.
Thai court rejects petition over ex-PM Thaksin's political influence
Thailand's Constitutional Court rejects a petition seeking to stop Thaksin Shinawatra from interfering in the running the Pheu Thai party.
Abidin takes oath of office as Sungai Bakap assemblyman
The State Assemblyman for Sungai Bakap, Abidin Ismail, was sworn in today at the State Assembly building, Lebuh Light.
UPNM cadet officer charged with injuring junior, stomping on him with spike boots
A cadet officer at UPNM pleaded not guilty to a charge of injuring his junior by stomping on the victim's stomach with spike boots.
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled
The indictment was unsealed on Nov. 20, prompting a $27 billion plunge in Adani Group companies' market value.
Elon Musk blasts Australia's planned ban on social media for children
Several countries have already vowed to curb social media use by children through legislation, but Australia's policy could become one of the most stringent.