Malaysia is a multi-ethnic, multicultural and multilingual society. It is a relatively open, newly industrialised market economy and is ranked highly in the World Bank’s “2017 Ease of Doing Business” survey (23rd out of 190 countries). Malaysia is one of Southeast Asia’s most successful economies and one of the Department of International Trade’s (DIT) high growth markets.
Malaysia is the UK’s second-largest trading partner in ASEAN. The UK and Malaysia aimed to double bilateral trade from £4 billion to £8 billion by the end of 2016. The top five sectors for trade between the UK and Malaysia are machinery and transport equipment, manufactured goods, chemical and related products, crude oil and fuel; and food, beverages and tobacco.
Several large UK companies have a presence in Malaysia including Aberdeen Asset Management, Allied Pickfords, BAE Systems, BP, BAT, Debenhams, Dyson, Pinewood Studios, Shell, Tesco and Weir Group.
There are clearly many historical, political and emotional reasons why there are such strong ties between Malaysia and the UK – but there are many economic reasons why investing in Malaysia makes sense too. Strengths of the Malaysian market include excellent infrastructure and transport connectivity, a well-developed financial sector, and a cost-effective gateway into
other Asian markets.
About the guides
The main objective of this Doing Business in Malaysia Guide is to provide you with basic knowledge about Malaysia; an overview of its economy, business culture, potential opportunities and to identify the main issues associated with initial research, market entry, risk management and cultural and language issues.
We do not pretend to provide all the answers in the guide, but novice exporters in particular will find it a useful starting point.
This FREE guide is available in 4 formats:
Available on the iTunes App Store and Google play