17. Eastern
Europe
1.3 % Share
EU
10.4 % share
Asia
71.3% Share
North America
8.7% Share
Africa
2.6% Share
Latin America Oceania &
1.8% Share Australasia
4.4% Share
38. NCER : NORTHERN CORRIDOR ECONOMIC REGION
Focus on:
• Modern Agriculture SDC : SABAH DEVELOPMENT CORRIDOR
• Manufacturing & Design
• Tourism Focus on:
• Logistics • Agro-based Industry
• Education & Health • Tourism
• Logistics
• Manufacturing
ECER : EAST COAST ECONOMIC REGION
Focus on:
• Tourism
• Oil & Gas
• Manufacturing
• Agriculture
• Education
SCORE: SARAWAK CORRIDOR OF RENEWABLE
ENERGY
Focus on:
• Resource Based Industry
• Energy
• Tourism
IRDA : ISKANDAR MALAYSIA
To be a hub for the services sector:
• Creative Industry • Financial Services
• Education • Tourism and Logistic Industry
• Healthcare • Electrical & Electronics Services
39. Why Malaysia ?
• Political & Economic Stability
• Strong Forex Reserves (US$100 b)
• Pro-business Government
• Liberal Investment Policies
• Transparent Policies
• Policy of Welcome
• Well Developed Infrastructure
• Harmonious Industrial Relations
• Trainable & Educated Labour Force
• Quality of Life
• Good Track Record
43. The ASEAN region is now being
viewed as a single market production
base – attractive investment
destination – 600 million population,
US$1.8 trillion combined GDP, US$2.1
trillion global trade, 7.4% GDP growth
(2010)
- 2010: Intra-ASEAN trade was US$ 519
billion (25.4% of total global ASEAN
trade)
- Outside of ASEAN, its top trading
partners are China, EU, Japan, Korea
and the USA.
44. Strategic location: Malaysia is a gateway to other markets with
preferential access through Free Trade Agreements (FTAs)
ASEAN
REGIONAL / BILATERAL FTAS
China Japan Korea India Australia New Zealand Chile
Potential market of 2.7 billion
Tariff reduction and elimination mostly by 2016
ON-GOING FTA NEGOTIATIONS
TPP EU Turkey
Potential market of 1.08 billion
45. Embajada de Malasia en MATRADE Santiago
Lima, Peru (covering Peru)
E : Oficina Comercial de Malasia
T :+ Embajada de Malasia en Santiago
F :+ Avda Tajamar, Oficina 302
Las Condes, Santiago, Chile
W : www.matrade.gov.my
E : santiago@matrade.gov.my
T : +56-22-234 2647
F : +56-22-234 2652
Trade Commissioner:
Ms Ezzwanee Ahmad 45
Old: 1. Growth primarily through capital accumulation . Focus on investment in production and physical infrastructure in combination with low skilled labour for low value added exports. New: 1. Growth through productivity . Focus on innovative processes and cutting-edge technology, supported by healthy level of private investment and talent, for high value added goods and services. Old: 2. Dominant state participation in the economy . Large direct public investment (including through GLCs) in selected economic sectors. New: 2. Private sector-led growth . Promote competition across and within sectors to revive private investment. Old: 3. Centralised strategic planning . Guidance and approval from the federal authorities for economic decisions. New: 3. Localised autonomy in decisionmaking . Empower state and local authorities to develop and support growth initiatives, and encourage competition between localities. Old: 4. Balanced regional growth . Disperse economic activities across states to spread benefits from development. New: 4. Cluster- and corridor-based economic activities . Concentration of economic activities for economies of scale and better provision of supporting services. Old: 5. Favour specific industries and firms . Grant preferential treatment in the form of incentives and financing to selected entities. New: 5. Favour technologically capable industries and firms . Grant incentives to support innovation and risk-taking to enable entrepreneurs to develop higher value added products and services. Old: 6. Export dependence on G-3 (US, Europe and Japan) markets . Part of production chain to supply consumer goods and components to traditional markets. New: 6. Asian and Middle East orientation . Develop and integrated actively into regional production and financial networks to leverage on flows of investment, trade and ideas. Old: 7. Restrictions on foreign skilled workers . Fear that foreign talent would displace local workers. New: 7. Retain and attract skilled professionals . Embrace talent, both local and foreign, needed to spur an innovative, high value added economy.
NKEAs is a component of Economic Transformation Programme (ETP) ETP will be a combination of NKEAs and SRIs. NKEAs will be charged of, as the drivers towards the realisation of high-income status by 2020.