ANKARA: The Malaysia-Turkey Free Trade Agreement (MTFTA) will come into effect on Aug 1, after almost four years of intense negotiations between the two countries that began in May 2010.
International Trade and Industry Minister Datuk Seri Mustapa Mohamed said in a statement that both countries would eliminate and bind duties on 70% of the tariff lines upon entry into force of FTA.
After a period of eight years, duties will be reduced/eliminated for almost 86% of tariff lines,” he said.
This has been excerpted from a 16 July 2015 news item by Customs Today and is available in its entirety at: http://www.customstoday.com.pk/turkey-fta-to-take-effect-after-four-years-of-talks/