Latest news with #CountervailingandAnti-DumpingDuties(Amendment)Bill2025
The Sun
30-07-2025
- Business
- The Sun
Malaysia tables Anti-Dumping Bill 2025 to protect local industries
KUALA LUMPUR: The Countervailing and Anti-Dumping Duties (Amendment) Bill 2025 was tabled for its first reading in the Dewan Rakyat today. The proposed amendments seek to enhance Malaysia's legal framework against unfair trade practices while aligning with World Trade Organisation (WTO) regulations. Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz confirmed that the second reading will follow during the current parliamentary session. The Bill, consisting of 21 clauses, amends the Countervailing and Anti-Dumping Duties Act 1993 (Act 504) to improve enforcement and address evolving global trade challenges. Key amendments include Clause 3, which adjusts the investigation period to comply with WTO's Agreement on Subsidies and Countervailing Measures. Clause 4 allows the government to suspend investigations if exporting members agree to price adjustments or subsidy reductions. Clause 5 limits countervailing duties to five years, while Clause 10 permits suspension of probes if exporters adjust prices or halt dumping practices. Clause 11 similarly caps anti-dumping duties at five years. The last amendment to Act 504 was in 1999, making this update crucial for Malaysia's trade competitiveness. - Bernama
Barnama
30-07-2025
- Business
- Barnama
Countervailing And Anti-Dumping Duties (Amendment) Bill 2025 Tabled For First Reading
REGION - CENTRAL > NEWS KUALA LUMPUR, July 30 (Bernama) -- The Countervailing and Anti-Dumping Duties (Amendment) Bill 2025, aimed at protecting local industries from unfair trade practices and ensuring the competitiveness of Malaysian products, was presented for its first reading in the Dewan Rakyat today. Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz said that the second reading would also take place during this parliamentary session. Meanwhile, according to the blue copy distributed in the Dewan Rakyat, the Bill, which comprises 21 clauses, seeks to amend the Countervailing and Anti-Dumping Duties Act 1993 (Act 504). bootstrap slideshow The amendment to Act 504 is intended to enhance the legal framework and improve enforcement effectiveness, as well as prevent unfair trade practices in the context of international trade under the World Trade Organisation. Among the amendments is Clause 3, which amends subsection 9(1) to align the investigation period with Article 17.1 of the Agreement on Subsidies and Countervailing Measures, as Malaysia is a member country of the World Trade Organisation (WTO). Meanwhile, Clause 4 is aimed at replacing subsection 12(1), enabling the government to suspend any investigation if it receives a pledge from exporting members agreeing to a price adjustment, or to eliminate or limit subsidies. Additionally, Clause 5 seeks to amend Section 12A on countervailing duties imposed under Act 504, stipulating that such duties shall not exceed five years, either from the date of imposition or from the date of the latest expiry of the review period. Clause 10 replaces subsection 27(1), enabling the government to suspend any investigation if it receives an undertaking from exporters to adjust prices or cease exporting to Malaysia at dumping prices. Clause 11 refers to the amendment of Section 27A, stipulating that an anti-dumping duty shall not exceed five years, either from the date of imposition or from the date of expiry of the most recent review.
