malaysia truly asia 2014 - smmt...uk – malaysia trade fta being negotiated with the eu bi-lateral...
TRANSCRIPT
Malaysia – Truly Asia 2014
Agenda
Malaysia– Truly Asia: Introduction
Market Overview
Malaysia’s Growth Agenda
Opportunities & Challenges
Malaysia – Fast-track to Asia
UKTI & BMCC
Next Steps
Malaysia – Strategic Location
Malaysia at
the Heart of
Asia
Agenda
Population: 29.7m
Labour Force: 13.3m
Growth rate: 4.8% in 2013
GDP: MYR987.7bn
Inflation: 3%
Unemployment: 3.1%
Per Capita Income: $USD10,265
Mobile Penetration: 138%
World Economic Forum’s 2013/14 Global Competitiveness Index (GCI): 24th
Malaysia – Key Facts 2013
Why Malaysia?
Love for British Brands
Bi-lateral trade agreement
Robust, generally open, high growth economy
Ex British colony – foundations based on UK
Good infrastructure
UKTI Support and a strong British Chamber
Cost-effective fast-track to Asia
Politically Stable
UK – Malaysia Trade
FTA Being Negotiated with the EU
Bi-lateral trade agreement
Plan to double trade to £8b by 2016
Strong historical and cultural links between UK and Malaysia
UK good exports to Malaysia in 2013 were £1.658bn (up 8% from 2012)
Overall goods trade worth £3.344bn in 2013 (up 2.6% since 2010)
Cost-effective fast-track to Asia
Britain, a leading investor in Malaysia; estimated cumulative investments £20 billion over the last 30 years
Britain in Malaysia
Malaysia in Britain
14 Malaysian firms listed on AIM
Jimmy Choo; Air Asia; Battersea; Wessex Water; Michelle Yeoh
W.I.E.F
Malaysian Kitchen: Trafalgar Square
Market Overview
Economic Transformation Programme to turn Malaysia into a developed economy by 2020; 131 projects; 12 NKEA’s
Goal to increase per capita income to US$15,000 by 2020
Requires annual GDP growth of 6% per annum
Latest IMF forecast expect 5%+ growth to 2017
Shift to more service-based economy
Domestic consumption a key driver of growth
Host of different initiatives ongoing (particularly in infrastructure and education)
Ambitious, but is it achievable?
Vision 2020
Malaysia’s Growth Agenda
ETP; GTP and Liberalisation
2009 – 27 subsectors
Banking & insurance licences
2012 – 17 subsectors
Private hospitals, dental clinics
International schools, private universities
Legal services – 40% equity in joint ventures
Architecture/engineering/accounting
FTA’s
Key Sector Opportunities
Education
Retail
Creative Industries
Manufacturing
Defence
Oil & Gas
Liberalisation of services: Financial, legal
SME’s: Supply Chain
Malaysia – Truly Asia; Malaysia Calling!
Challenges
Lack of transparency – government decision making and procurement
Corruption – not as bad as in some neighbouring countries, but patronage and cronyism major issues
Lack of Government accountability – subservient mainstream media
Entrenched protectionist outlook
Reliance on finite oil revenues and narrow tax base
Bumiputera preferences
Malaysia – Fast-track to Asia - 3b people
S.E.Asia
590m
1.3bn
1.1bn
25m
Malaysia: Regional Links
Regional collaboration: business matching, events, membership benefits, overall regional support
Malaysia: Regional Hub
• ASEAN Worlds largest trading entity
• Combined SE Asia GDP = US$ 2 trillion
• SE Asia Population = 600 million > EU + Middle East + South America + Former Soviet Union
• Bigger export market for UK than the Gulf, China, India or Brazil
BMCC and UKTI
Collaboration; Work closely with UKTI and FCO
Overseas Chamber Initiative Agreement signed with Lord Green in June 2013
1 of 21 markets selected in 1st wave
BMCC Focus on SME’s
Aim to assist UK SMEs to export, trade and do business in Malaysia effectively
Market research, partner identification, client identification, product launch, events, tradeshow
BCC Accreditation
BMCC
50th Anniversary; PM attending Gala Dinner on 6 March
370+ corporate members; 85,000 employees
Member benefits:
Insights and Connections Engaging with industry peers in Business Groups and Committees
Networking: Over 50 Events a Year Sharing knowledge in the bi-monthly
magazine
Speaking at Breakfast Clubs; Knowledge sharing
Access to Advisory Panel and Collaboration Panel
Membership directory both handbook and online
Connecting with UKTI, HC, FCO, Malaysian Govt, EuroCham and other international
Chambers and Associations
Access to international missions and business community: Business Opportunities and
Matching
Malaysia Calling! Welcome to Malaysia
Dr Amita Krishna
+60122320823
+44(0)7778460392
Thank You