MALAYSIA became the required eighth country to ratify the Cape Town Treaty, an international treaty to facilitate cross-border financing and leasing of large commercial aircraft and aircraft engines, enabling the treaty to take effect on March 1.
The Export-Import Bank of the United States (Ex-Im Bank), in announcing this in Washington DC, said the Malaysian Government had on Nov 2 deposited its instruments of accession to the Cape Town Treaty and the related aircraft equipment protocol with the International Institute for the Unification of Private Law (UNIDROIT), the independent inter-governmental organisation based in Rome, that serves as the depository.