Mtja Agreement 1990

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The MTJA Agreement 1990 is a significant agreement between four countries, namely Malaysia, Thailand, Japan, and Australia, to promote trade and investment in Southeast Asia. The agreement was signed on June 20, 1990, and effectively came into operation on January 1, 1993.

The MTJA Agreement 1990 aimed to establish a free trade area among the four countries and to remove trade barriers such as tariffs and non-tariff measures. It also included provisions for the protection of intellectual property rights, fair competition, and technical cooperation.

The agreement was a significant milestone in the economic integration of Southeast Asia and helped to stimulate trade and investment in the region. It also paved the way for further economic cooperation and integration with other countries.

Under the MTJA Agreement 1990, the four countries agreed to reduce tariffs on goods traded between them gradually. For instance, Malaysia would reduce its tariffs by 20% for goods imported from Thailand and Japan, and by 30% for goods imported from Australia. Likewise, Thailand would reduce its tariffs by 25% for goods imported from Malaysia and Japan, and by 30% for goods imported from Australia.

The MTJA Agreement 1990 also had provisions for investment facilitation, including the protection of foreign investments, the elimination of barriers to investment, and the establishment of a dispute resolution mechanism.

In conclusion, the MTJA Agreement 1990 was a significant agreement that helped to promote trade and investment in Southeast Asia. It provided a framework for economic cooperation and integration among the four countries and paved the way for further economic integration in the region. Despite some challenges and issues, the agreement has been instrumental in stimulating economic growth and development in Southeast Asia.