Ingenieur Vol 63 Ingenieur Vol 63 2015 | Page 78

INGENIEUR Until 2015 the professional acts have not been fully amended to reflect Malaysia’s commitments and SDP firms have not been offered in any agreements. Table 3 – Committed Foreign Equity Code 86729: Other engineering services. Engineering services not elsewhere classified. The WTO definition of “engineering services” is embedded in the definition of “professional engineering services” under the REA. This definition is similar to other engineering Acts of other countries. At the sub-regional level, Malaysia is committed to the ASEAN Framework Agreement on Services (AFAS) in terms of opening-up access in various sectors of the service industry following a specific timeline. Malaysia subscribes to the principle of progressive liberalisation with a 6 76 VOL – SEPTEMBER 2015 VOL63 55JULY JUNE 2013 timeline of commitments whilst at the same time has also autonomously liberalised certain sectors where necessary. This is in-line with its overall developmen