Trade and Business in Malaysia

The objectives of the subject “Foreign Trade and Business in Malaysia” are the following:

1. To analyze the Malaysian Economy and Foreign Trade (Import, Export, FDI);
2. To know the business opportunities in Malaysia;
3. To explore the Malaysian trade relations with the country of the student;
4. To know the Malaysian Free Trade Agreements;
5. To examine the profile of Malaysian Companies;
6. To develop a business plan for the Malaysian Market.

The Subject “Foreign Trade and Business in Malaysia” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Doctorate (DIB): Islamic Business, Asian Business, World Trade.

Diploma: Business in the ASEAN Markets.

Masters (MIB): Business in Muslim Countries, International Business, Foreign Trade, Asia.

Learning materials in or Malasia Malaisie.

1. Credits of the subject “Foreign Trade and Business in Malaysia”: 2 ;
2. Duration: two weeks.

Malaysian Market Access and Free Trade Agreements.

1. Association of Southeast Asian Nations (ASEAN)
   1. ASEAN Free-Trade Area;
   2. ASEAN Economic Community;
   3. East ASEAN Growth Area;
   4. Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT);
   5. Cambodia has Free Trade Agreements (as a member of the ASEAN) with China, India, European Union, Japan, Korea, Russia, and the United States, Australia-New Zealand Free Trade Agreement (FTA).
2. Asia-Pacific Economic Cooperation (APEC);
3. Indian-Ocean Rim Association (IORA);
4. Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP);
5. Islamic Trade Preferential System (TPS-OIC);
6. Islamic Centre for Development of Trade (ICDT);
7. Regional Comprehensive Economic Association (RCEP);
8. Global System of Trade Preferences among Developing Countries (GSTP);
9. European Union-Malaysia Partnership and Cooperation Agreement (negotiation);
10. India-Malaysia Comprehensive Economic Cooperation Agreement;
11. Japan-Malaysia Free Trade Agreement (FTA);
12. New Zealand-Malaysia Free Trade Agreement (FTA);
13. Malaysia-Australia Free Trade Agreement (FTA);
14. Pakistan-Malaysia Free Trade Agreement;
15. Malaysia has Free Trade Agreements (FTA) with Chile and Jordan.

Trade Facilitation Programs

1. World Trade Organization (WTO)
   1. WTO General Agreement on Trade in Services (GATS);
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
   3. WTO Agreement on Technical Barriers to Trade (TBT);
   4. WTO Agreement on Preshipment Inspection (PSI);
   5. WTO Agreement on Safeguards (SG);
   6. WTO Trade Facilitation Agreement (TFA).
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. International Bureau of Containers and Intermodal Transport (BIC);
4. International Civil Aviation Organization (ICAO, Chicago Convention);
5. International Maritime Organization (IMO)
   1. International Convention for Safe Containers (CSC);
   2. Convention Relating to Temporary Admission (Istanbul Convention).
6. Customs Convention on Containers (CCC, UN) - not a member.

Islamic Organizations:

1. Islamic Development Bank (IsDB);
2. Organization of Islamic Cooperation (OIC)
   1. Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC);
   2. Islamic Chamber of Commerce and Industry (ICCI);
   3. Islamic Centre for Development of Trade (ICDT);
   4. Statistical, Economic and Social Research and Training Centre for Islamic Countries (SESRIC).
   ;
3. Asia-Middle East Dialogue (AMED).

Asian Trade and Economic Organizations:

1. Economic and Social Commission for Asia and the Pacific (ESCAP);
2. Asian Development Bank (ADB);
3. Boao Forum for Asia;
4. Forum for East Asia-Latin America Cooperation (FEALAC);
5. Asia Cooperation Dialogue (ACD);
6. Colombo Plan;
7. Africa-Asia Strategic Partnership.

Global Organizations:

1. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. Commission on International Trade Law (UNCITRAL);
   4. World Intellectual Property Organization (WIPO).
2. World Bank (WB);
3. World Trade Organization (WTO);
4. International Monetary Fund (IMF);
5. Pacific Economic Cooperation Council (PEEC).

1. 50% of the population of Malaysia are Malays. 22% are Chinese;
2. The Malays originated from the Malayo-Polynesian Ethnic Group;
3. The official language in Malaysia is Bahasa Malayu.
   1. English is recognized.
4. Malaysian Population: 30.8 million people;
5. Malaysian Area: 329,847 square kilometers;
6. Malaysian Capital: Kuala Lumpur;
7. Administrative capital of Malaysia: Putrajaya;
8. Borders of Malaysia: Thailand, Indonesia, Singapore, and Brunei Darussalam;
9. Type of Government: Federal Parliamentary constitutional monarchy;
10. Yang di-Pertuan of Malaysia: Agong Abdul Halim;
11. Malaysian independence: 1957 (the United Kingdom).

Main religion in Malaysia: Sunni Islam (18 million, 63% of the population).

1. Islam is the official religion of Malaysia;
2. Unifying factors among Malays is Islam;
3. In Malaysia, nearly all Malays are Muslims;
4. Fiqh (Islamic Jurisprudence): Shafi;
5. Other religions: Buddhism (20%), Christianity (9%), Hinduism (6%), Confucianism, and Taoism.

Malaysia belongs to the Islamic Civilization.

Kuala Lumpur, and its surrounding urban areas, form the most industrialized region in Malaysia.

1. The Greater Kuala Lumpur, also known as the Klang Valley, is an urban agglomeration of 7.2 million people;
2. Kuala Lumpur is poised to become the Global Islamic Financing hub with an increasing the number of financial institutions providing Islamic Financing.

Malaysian Economy.

From a nation dependent on agriculture and primary commodities in the 60´s, Malaysia has become an export-driven economy speed up by high-technology, knowledge-based and capital-intensive industries.

1. The Malaysian Government policies that sustain a business environment with opportunities for growth and profits have made Malaysia an attractive manufacturing and international trade base in the region;
2. The private sector in Malaysia has become partners with the public sector in achieving development objectives;
3. The Malaysian Industrial Development Authority is the first point of contact for the foreign investors who intend to set up projects in manufacturing and services sectors in Malaysia;
4. Malaysia offers the world it's Multimedia Super-corridor which brings together a legislative framework and a next-generation of telecommunications infrastructure in eco-friendly surroundings to create the best environment for multimedia industries development;
5. Malaysian currency: The Ringgit (RM) (MYR).

Telekom Malaysia Berhad is the leading integrated information and communications group in Malaysia, offers an exhaustive range of communication services and solutions (broadband, data, and fixed-line). As a market leader in broadband and fixed-line companies, Telekom Malaysia Berhad is driven to deliver value to its stakeholders in a highly competitive environment.

Padini began as a back-end operation in the apparel industry, manufacturing, international trade, and supplying garments in Malaysia for retailers and distributors. It has entered the new millennium as a major force in Malaysia's multibillion textile and garment industry, a brand leader implicated in distribution and retail of its fashion brands through 190 freestanding stores, franchise, and consignment counters.

Port Klang is on the west coast of Peninsular Malaysia, 40 kilometers from the capital Kuala Lumpur. Its proximity to the greater Klang Valley - The commercial and industrial hub of Malaysia as well as Malaysia's most populous region guarantees that the port plays a key position in the economic development of Malaysia.

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