Malaysia is
one of Vietnam ’s most important strategic partners in the Association of
Southeast Asian Nations (ASEAN), and is a huge potential market, said the
Deputy Director of the Asian-Pacific Market Development Department under the Industry
and Trade Ministry, Chu Thang Trung.
This year, the
ministry chooses Malaysia
, particularly the MIFB as one of trade promotion activities to introduce
Vietnamese brand names that are exported to the exmarket, Trung added.
On display in Kuala Lumpur from July
12-14, Vietnamese pavilions were very popular with well-known brand names of
agricultural products and seafood.
Statistically,
over the last few years bilateral trade between Vietnam
and Malaysia
has been increasing at roughly 20 percent year on year. Two-way trade reached
6.66 billion USD in 2011, of which Vietnamese exports accounted for almost 2.76
billion USD. In the first six months of this year, the figure was about 4
billion USD.
This year’s
MIFB attracted 350 businesses from 20 nations and territories across the world
to display their various products, goods and services in 500 stands on an area
of 11,800 sq.m.-VNA
Southeast Asia, particularly Malaysia, has been a trade hub for centuries.
Since the beginning of history, Malacca has served as a fundamental regional
commercial center for Chinese, Indian, Arab and Malay merchants for trade of
precious goods. Today, Malaysia
shares healthy trade relations with a number of countries, specifically the US. The country
is associated with trade organizations, such as APEC, ASEAN and WTO. The ASEAN
Free Trade Area that was established for trade promotion among ASEAN members
also has Malaysia
as its founding member. Malaysia has also signed Free Trade Agreements with
countries including Japan, Pakistan, China and New Zealand.Malaysia was once
the world’s largest producer of tin, rubber and palm oil. Its manufacturing
sector has a crucial role in its economic growth. The export industry was hit
hard during the late 2000 economic recession drastically dropping to 78% i.e.
FDI to RM4.2 billion in the first two quarters of 2009. Total exports fell down
to $156.4 billion in 2009 from $198.7 billion in 2008. The imports also reduced
from 154.7 billion in 2008 to $119.5 billion 2009.
The scarcity
of organs available to transplant in Malaysia is the main contributing
factor in this organ trade. Dr Hasan and his ministry are partly to blame for
this scarcity. They have failed to publicise the life-changing potential of
donating organs.
They, and our
communal and religious leaders, have never provided enough encouragement to
Malaysians to carry a donor card, proudly and nobly.
Our
conservative culture plays no small part in this organ shortage. Many
Malaysians, of all races and religions, are fearful of death, and regard any
discussion of death as taboo. This makes it difficult, of course, for a young
Malaysians to bring up the subject of carrying a donor card at the family
dinner table, for example.
Scarcity,
perhaps inevitably, leads to high prices. Relatively affluent Malaysians can
fly to China or India to have a
liver or kidney transplant. Where does the organ come from? It’s best not to
ask. It’s entirely believable, given the demand for organs, that living
Bangladeshis can be imported to Malaysia,
as a kind of organ delivery service.
Karachi—Pakistan
and Malaysia
have agreed that while bilateral trade had witnessed a steady growth after FTA
in January 2008, there still existed a considerable untapped potential to
enhance the two-way commerce
and broaden the narrow range of products being traded between the two
countries.
Leading businessmen and senior government officials from Pakistan and Malaysia underscored an effective use of various protocols and frameworks available under the Free Trade Agreement (FTA) to boost economic relations and broaden the scope of bilateral trade.
Leading businessmen and senior government officials from Pakistan and Malaysia underscored an effective use of various protocols and frameworks available under the Free Trade Agreement (FTA) to boost economic relations and broaden the scope of bilateral trade.
Trade in Malaysia |
The consensus to work aggressively to forge business partnerships emerged at a daylong Pakistan Malaysia Business Forum held in Kuala Lumpur Tuesday under the joint aegis of the Trade Development Authority of Pakistan (TDAP) and the Malaysian Institute of Accountants (MIA). The event that drew nearly 200 leading Malaysian and Pakistani investors and businessmen for a daylong exchange of business ideas also served as an ideal opportunity for productive networking and business matchmaking. Malaysian Prime Minister’s Special Envoy on South Asia, Datuk Seri Samy Vellu who recently led a business delegation on a visit to Pakistan, also attended the Business Forum.
The Department
of Foreign Affairs says the agreement will see Malaysia
cut tariffs on 99 per cent of Australian imported goods by 2017, and Australia will
eliminate all tariffs on Malaysian imports.
After seven
years of negotiating, the agreement will reduce tariffs on dairy, automotive,
food manufacturing, wine and iron and steel products.
Malaysia is Australia's
third-largest trading partner in South-East Asia
and 10th biggest worldwide.
Two-way trade
in goods and services reached $16 billion in 2011.
Australia has
several similar agreements with Singapore, Thailand and the United States, and
bilateral negotiations with China, Japan
and South Korea
are under way.
Trade Minister
Craig Emerson described the deal with Malaysia as "a platinum
agreement" in trade liberalisation.
"I know the
business community in both countries value this agreement," he told
reporters.
A statement
released by his office said the deal "will further integrate the
Australian economy with the fast-growing Asian region, benefiting Australian
exporters, importers and consumers."
Malaysian
trade minister Mustapha Mohamad hailed the deal as historic.
"Australian
exporters to Malaysia will also be able to immediately enjoy significantly
reduced tariffs for goods, reaching up to 99 per cent by 2020," he said at
a signing ceremony with Mr Emerson.
The agreement
also allows Malaysian investors to participate in Australian private hospital
services including massage, homeopathy and traditional medicine.
Malaysia,
meanwhile, has agreed to allow 100 per cent equity holdings by Australian
entities in the Malaysian education and telecommunication sectors, and 70 per
cent holdings in the Malaysian insurance and investment-banking sectors.
The Department
of Foreign Affairs says the agreement will see Malaysia
cut tariffs on 99 per cent of Australian imported goods by 2017, and Australia will
eliminate all tariffs on Malaysian imports.
After seven
years of negotiating, the agreement will reduce tariffs on dairy, automotive,
food manufacturing, wine and iron and steel products.
Malaysia is Australia's
third-largest trading partner in South-East Asia
and 10th biggest worldwide.
Two-way trade
in goods and services reached $16 billion in 2011.
Australia has
several similar agreements with Singapore, Thailand and the United States, and
bilateral negotiations with China, Japan
and South Korea
are under way.
Trade Minister
Craig Emerson described the deal with Malaysia as "a platinum
agreement" in trade liberalisation.
"I know
the business community in both countries value this agreement," he told
reporters.
A statement
released by his office said the deal "will further integrate the
Australian economy with the fast-growing Asian region, benefiting Australian
exporters, importers and consumers."
Malaysian
trade minister Mustapha Mohamad hailed the deal as historic.
"Australian
exporters to Malaysia will also be able to immediately enjoy significantly
reduced tariffs for goods, reaching up to 99 per cent by 2020," he said at
a signing ceremony with Mr Emerson.
The agreement
also allows Malaysian investors to participate in Australian private hospital
services including massage, homeopathy and traditional medicine.
Malaysia,
meanwhile, has agreed to allow 100 per cent equity holdings by Australian
entities in the Malaysian education and telecommunication sectors, and 70 per
cent holdings in the Malaysian insurance and investment-banking sectors.
Options trading is
relatively new in Malaysia.
However, did you know that Bursa Malaysia
Derivatives offers the trading of options contracts?
Before you read on, you might be asking: “I’m an investor, but
what does options trading, have to do with me anyway?” Well, options trading
provides investors an alternative way of investing and can also be used as an
effective risk management tool in an investment portfolio. More recently, the
demand for courses teaching the basics of trade options has increased. In this
article, we will discuss the simple basics of options trading in Malaysia. By
the end of this article, you will be able to describe an option contract, the
trading process of an option contract and identify the benefits of options
trading.
Canada was one of the first countries to recognize Malaysia's
independence and establish diplomatic relations in 1957.
In Malaysia, Canada
is represented by the High Commission of Canada
in Kuala Lumpur, and by a consulate headed by an
honorary consul in Penang. Malaysia is
represented in Canada by a high commission in Ottawa, a trade office in Toronto and a consulate in Vancouver.
Canada and
Malaysia have a long history of close and friendly bilateral relations that
encompass a full range of political, economic, trade, social, and cultural
relations. People-to-people links between Canada
and Malaysia
are the cornerstone of the bilateral relationship. Malaysia
is an important source of students to Canada
and a number of Canadian universities maintain exchange and study programs with
Malaysia.
Many Malaysians visit Canada
every year and Canadians reciprocate by visiting, working and living in Malaysia.
Canada engages Malaysia on issues related to the
promotion of good governance, human rights, and pluralism bilaterally and in
multilateral organizations. Canada
worked with Malaysia during Canada's tenure on the United Nations Human
Rights Council (UNHCR) until 2009 and continues to work with Malaysia on the
promotion of universal respect of all human rights and fundamental freedoms
during its tenure on the UNHCR.
Canada and Malaysia
place a high priority on the security aspect of the relationship. Canada provides
support for capacity-building initiatives related to counter-terrorism,
security and defence. Through these programs, Canada has trained nearly 1000
Malaysians to safely respond to terrorist attacks.
The
Canada-Malaysia relationship is further fostered through close partnership and
cooperation in international organisations such as the Commonwealth, the United
Nations, the Asia-Pacific Economic Cooperation (APEC), and World Trade
Organization (WTO). Canada also works with Malaysia as a dialogue partner in
the Association of Southeast Asian Nations (ASEAN), and its security forum, the
ASEAN Regional Forum (ARF).
Trade in Malaysia |
Canada's trade
relationship with Malaysia
includes commerce across several sectors. Canadian companies in Malaysia employ
thousands of Malaysians. This relationship is complemented by major investments
by Malaysian companies in Canada
in the oil and gas and agriculture sectors and Canadian investments in the
aerospace, high tech, transportation and oil and gas sectors in Malaysia.
In
October 2010, at the third round of TPP negotiations in Brunei Darussalam,
Malaysia joined the United States
and seven other Asia-Pacific nations in negotiations to achieve a high-standard
broad-based regional trade agreement known as the Trans-Pacific Partnership
(TPP) Agreement. Malaysia’s announcement followed more than a year of
high-level consultations between Malaysia and the original eight TPP nations,
including the United States.
In addition to working together on TPP, the United
States and Malaysia meet frequently to discuss
bilateral trade and investment issues and to coordinate approaches on APEC,
ASEAN, and the WTO.
Malaysia was the United States' 18th largest
supplier of goods imports in 2011.
U.S. goods imports from Malaysia totaled $25.8 billion in
2011, a 0.5% decrease ($129 million) from 2010, but up 0.8% from 2000. U.S. imports from Malaysia
account for 1.2% of overall U.S.
imports in 2011.
The five
largest import categories in 2011 were: Electrical Machinery ($12.5 billion),
Machinery ($4.0 billion), Fats and Oils (palm oil) ($1.7 billion).Optic and
Medical Instruments ($1.4 billion), and Rubber ($1.4 billion).
U.S. imports of agricultural products from Malaysia
totaled $2.4 billion in 2011, our 10th largest supplier of agriculture imports.
Leading categories include: tropical oils ($1.7 billion), cocoa paste and cocoa
butter ($274 million), and rubber products ($188 million).
U.S. imports of private commercial services* (i.e.,
excluding military and government) were $1.2 billion in 2010 (latest data
available), up 19.7% ($205 million) from 2009 and up 248% from 1994 levels. The
other private services (business, professional and technical services) category
accounted for most of U.S.
services imports from Malaysia.
Malaysia was the United States' 23rd largest goods
export market in 2011.
U.S. goods exports to Malaysia in 2011 were $14.2
billion, up 1.0% ($138 million) from 2010, and up 29% from 2000. U.S. exports to Malaysia
account for 1.0% of overall U.S.
exports in 2011.
The top export
categories (2-digit HS) in 2011 were: Electrical Machinery ($6.8 billion),
Machinery ($1.6 billion), Aircraft ($1.0 billion), Optic and Medical
Instruments ($686 million), and Iron and Steel ($571 million).
U.S. exports of agricultural products to Malaysia
totaled $1.0 billion in 2011. Leading categories include: wheat ($158 million),
soybeans ($150 million), dairy products ($137 million), and processed fruit and
vegetable ($74 million).
U.S. exports of private commercial services* (i.e.,
excluding military and government) to Malaysia were $2.1 billion in 2010
(latest data available), 23.7% ($402 million) more than 2009 and 137% greater
than 1994 levels. The other private services (business, professional, and technical
services) category accounted for most of U.S. exports in 2010.
U.S. goods and services trade with Malaysia
totaled $43 billion in 2010 (latest data available). Exports totaled $16
billion; Imports totaled $27 billion. The U.S.
goods and services trade deficit with Malaysia was $11 billion in 2010.
Malaysia is currently our 22nd largest goods trading partner
with $40.0 billion in total (two ways) goods trade during 2011. Goods exports
totaled $14.2 billion; Goods imports totaled $25.8 billion. The U.S. goods trade deficit with Malaysia was
$11.6 billion in 2011.
Trade in
services with Malaysia
(exports and imports) totaled $3.3 billion in 2010 (latest data available).
Exports were $2.1 billion; Services imports were $1.2 billion. The U.S. services trade surplus with Malaysia was
$853 million in 2010.
A key
factor that contributes to the economic incentive to trade in illegal
cigarettes is the high price of legal cigarettes in Malaysia – already the 3rd highest
in ASEAN. This is due principally to the high levels of tobacco taxes and
duties that have been imposed over the years. Since 2004, excise tax has
increased by a staggering 172%. High excise increases lead to high cigarette
prices.
Malaysia is already one of the leading automobile markets in
the ASEAN region and is expected to continue to grow. To capitalize on this
potential, Mazda began local assembly of the Mazda3 (known as Axela in Japan) last
year and with the new joint venture project, plans to begin local assembly of
the Mazda CX-5 early in 2013. Mazda plans to produce 3,000 CX-5s per year in Malaysia.
Mazda’s sales
in Malaysia
have shown consistent growth since we started doing business with Bermaz in
2008. In the last financial year we achieved record sales results of
approximately 6,000 units and one percent of the market share. Local assembly
of Mazda3 started in January 2011 and is going well. Malaysia is one of our key
strategic markets and we expect further growth there. The talks with Bermaz
about the joint-venture production and sales company indicate Mazda’s strong
commitment to business in Malaysia.
Mazda will continue to focus on emerging markets to strengthen our overall
business foundation,” said Takashi Yamanouchi, Mazda’s Representative Director
and Chairman of the board, President and CEO.
Beginning with
an exponential rise in the tourism, the relationship between the two countries
has been further enhanced, opening new avenues for Malaysia
and India
to benefit mutually from each other’s economies. Over the past 10 years, trade
between Malaysia and India has seen
a healthy average growth rate of over 15.6% p.a.
In spite of a
slowdown in the global trading scenario, Malaysia has shown signs of rapid
growth, recording a total trade value of US$415 billion in 2011 – the
highest ever achieved. For the 14th consecutive year, Malaysia has
recorded a trade surplus figure of US$39 billion – a growth rate of 9.4% for
the year 2011. The merchandising trade has registered an impressive growth of
8.7% p.a. with exports from Malaysia growing to US$226.98 billion, while
imports recorded a figure of US$187.66 billion – an 8.6% rise. This notable
feat is at par with other developed countries in the region, like Singapore and
ROK, which have registered similar records.
Trade in Malaysia |
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