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Malaysia, Australia sign free-trade deal

Malaysia and Australia on Tuesday signed a free trade agreement (FTA) that will strip away tariffs and which Canberra hopes will help jump-start negotiations with China, South Korea and Japan.

The agreement inked in Kuala Lumpur will grant Malaysian exporters duty-free entry into the Australian market once the trade deal comes into force in January 2013.

Malaysian Trade Minister Mustapha Mohamad hailed the deal – which the two sides first began negotiating in 2005 – as "historic".

(Source: Jakarta Globe )