Malaysian SMEs are therefore encouraged to take advantage of Zuleinen`s free trade agreements and develop a good understanding of free trade agreements and trade requirements in order to take advantage of the benefits of free trade agreements to penetrate global markets. To date, Malaysia has signed 14 free trade agreements: in the meantime, the Ministry of International Trade and Industry has stated that the agreement follows the conclusion of negotiations between Malaysia and Chile in Santiago in May 2010, after several rounds of negotiations that began in June 2007. Meanwhile, the areas of cooperation agreed by Malaysia and Chile, research and development and innovation, science and technology, trade and investment, mining and mining, SMEs, intellectual property, tourism, education and human capital development, culture and tourism promotion. As a small-market trade nation, it is essential for Malaysia to continue to establish an open trade and investment system to stimulate economic growth, create high-skilled jobs and promote technological development and innovation. The MCFTA includes the liberalization of trade in goods and the strengthening of bilateral economic cooperation. “In 2010, our business was $350 million, and we hope to double it in the coming year.” The agreement, he said, would allow Chilean products, especially its agricultural products, considerable access to the Malaysian market. In addition, increased internationalization through trade and participation in global value chains (CIS) enables Malaysian SMEs to achieve economies of scale, increase market share and increase productivity. In this regard, Malaysia has engaged in various free trade agreements (FTAs) to improve market access for Malaysian goods and services. In his speech, Mr Muhyiddin said that although the free trade agreement is limited to trade in goods and economic cooperation, the two countries are determined to work towards a comprehensive agreement covering services and investment within two years of the agreement coming into force, until the first half of 2011.