Preferential Trade Agreements and Trade Liberalization Efforts in the OIC Member States
With Special Emphasis on the TPS-OIC
173
Table 43: Top 10 Malaysian exported products to TPS-OIC Countries 2012 & 13 (1000s of USD
Product Product Name 2012 2013
Exports Share Exports Share
711319 Articles of jewellery 1,369,984 13.88% 1,606,447 16.67%
151190 Palm oil, 1,465,560 14.84% 1,479,036 15.34%
852812 Reception app. for television 1,044,219 10.58% 902,320 9.36%
271019 Petroleum oils 640,840 6.49% 804,363 8.34%
151110 Palm oil, crude 396,253 4.01% 164,401 1.71%
841510 Window/wall type air-conditioning 146,798 1.49% 134,474 1.40%
401519 Gloves (excl. surgical), mittens 121,943 1.24% 108,013 1.12%
847330 Parts&accessories 94,738 0.96% 84,874 0.88%
151620 Vegetable fats & oils 90,524 0.92% 72,334 0.75%
440799 Wood 79,187 0.80% 80,336 0.83%
Grand Total 5,450,046 55.20% 5,436,597 56.40%
Table 44: Top 10 Malaysian imported products from TPS-OIC 2012 & 13 (1000s of USD)
Product Product Name 2012 2013 MFN
Imports Share Imports Share
271011 Light petroleum oils 1,235,080 14.25% 1,571,083 18.07% 0.36
710813 Gold (incl. gold plated) 1,015,913 11.72% 680,563 7.83% 0
710812 Gold (incl. gold plated) unwrought 143,940 1.66% 814,168 9.37% 0
271019 Petroleum oils 251,936 2.91% 559,742 6.44% 0.42
711291 Waste & scrap of gold 242,185 2.79% 131,653 1.51% 0
760110 Aluminium, not alloyed 221,136 2.55% 151,793 1.75% 0
390110 Polyethylene 156,226 1.80% 188,485 2.17% 30
290511 Methanol 116,832 1.35% 115,128 1.32% 0
760120 Aluminium alloys, unwrought 128,023 1.48% 99,458 1.14% 0
390120 Polyethylene 83,056 0.96% 113,238 1.30% 30
Grand Total 3,594,328 41.48% 4,425,312 50.91%
Source: Comtrade using WITS, tariff data from TRAINS database
Oman
Excluding oil, the top 10 Oman exported products to the Contracting Countries of TPS- OIC accounted
for around 50% of the exports. Any reduction on the tariffs applied on these products by any of the
Parties of TPS-OIC System could have an effect on Oman’s exports. In terms of imports, as the GCC
Common external tariff only applies duties higher than 10% on alcoholic products, in none of the top
10 imports would there be any liberalisation and therefore any effect on trade flows. This can be seen
from the table below where all the MFN tariffs are set at 5%. Of course should OMAN choose to
voluntarily liberalise further with partner TPOS-OIC states then there would be some scope for trade
effects, though once again possibly somewhat minimal due to the low base level of the tariffs.