| On 26 October 2002 the
United States announced the creation of the
Enterprise for ASEAN initiative, which offers
the prospect for bilateral free trade agreements
with ASEAN members that are WTO members and have a
bilateral TIFA with the United States. The ASEAN
countries include Brunei Darussalam, Cambodia,
Indonesia, Laos, Malaysia, Myanmar, Philippines,
Singapore, Thailand and Vietnam.
On 10 May 2004 the
United States and Malaysia signed a bilateral Trade
and Investment Framework Agreement (TIFA). This
agreement creates a U.S. - Malaysia Council on Trade
and Investment. The first meeting under the U.S. -
Malaysia TIFA took place in Kuala Lumpur in February
2005, the second in May 2005 in Washington, D.C. and
the third meeting under the United States - Malaysia
Trade and Investment Framework Agreement was held on
11 October 2005 in Malaysia.
On 8 March 2006 the United States and Malaysia
announced that they would begin negotiations
towards a free trade agreement. The first round of
negotiations took place in Penang, Malaysia in
June 2006 and the second round took place in
Washington D.C. in July of that same year.
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