SEMINAR ON DISCOVER APEC - MALAYSIAsitios.ucsc.cl/cedap/wp-content/uploads/sites/44/... · Major...
Transcript of SEMINAR ON DISCOVER APEC - MALAYSIAsitios.ucsc.cl/cedap/wp-content/uploads/sites/44/... · Major...
Concepcion, Chile
4 September 2019
Wan Ahmad Tarmizi Wan Idris
MATRADE Santiago
SEMINAR ON DISCOVER
APEC - MALAYSIA
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Callao 3461, Las CondesSantiago
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Embassy of Malaysia in Santiago was
established in 1991
Embassy of Chile in Kuala Lumpur
was established in 1992
Wisma Selangor Dredging, Kuala Lumpur
years of Diplomatic Relations
since 197940
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KUALA LUMPUR
SYDNEY
SANTIAGO6,611 km
16,000 km
MALAYSIA - CHILE
Bilateral Agreements
• Economic, Scientific and Technical Cooperation Agreement (1992);
• Free Trade Agreement (entered into force 2012);
• Air Services Agreement (2010);
• Double Taxation Agreement (2004);
• Investment Guarantee Agreement (1995);
• Bilateral Payment Agreement (1992); and
• Cultural Agreement.
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THE MALAYSIAN ECONOMY
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32 million population
13 states
GDP 2018: USD364.6 Billion
Merchandise Trade 2018:USD464.64Bil.9
Malaysia
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MALAYSIA CHILE
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Capital Kuala Lumpur Santiago
Land Area (sq km) 330,396 743,812
Population 32.4 million 18 million
GDP (current price) USD 364.6 Billion USD 452.1 Billion
GDP Growth 5.9 % 1.5 %
Per capita Income USD 9,650 USD 24,600
Total Trade (Merchandise) USD 464.64 billion USD 125.4 billion
KEY ECONOMIC DATA (2018)
Source: DOSM, Treasury, BNM, EIU
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Real GDP Growth
5.0
3.5
Economic Growth 2018
1.1
-1.1 -0.3-0.5
0.6
1.8
1.2
0.51.1
3.6
6.08
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6
5
4
3
2
1
0
-1
-2
2016
Private Investment
Public Investment
Net Exports
2015
Private Consumption
Public Consumption
Change in Stocks
GDP Growth
Contribution to
growth (ppt.)
2017
3.4
4.0-4.5
0.2
• Moderate growth in 2018 due to domestic and external factors
• Domestic demand to remain the key driver of growth, led by private
sector spending
5.0
3.5
Agriculture Mining Construction Services Manufacturing
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Transformation of the Malaysian Economy
Source : Department of Statistic Malaysia
Malaysia now has more diversified economic structure, which creates the foundation for future growth.
33.6
12.8
7.2
3.8
42.6
1970
GDP Contribution (%)
2017
54.4
23.0
8.28.4
4.6
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TRADE
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23rd Largest Exporter26th Largest Importer24th Largest Trading Nation
Malaysia’s 2018 Global Trade Ranking
Malaysia’s Major Trading Partners in 2018
AustraliaUSD 11.7 billion
3.1% share
China USD 77.73 billion
16.7% share
USAUSD 38.57 billion
8.8% shareJapan
USD 32.87 billion7.1% share
13Exchange Rate: USD1: RM3.9055
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EUUSD 38.1 billion
10.1% share
ChileUSD 330 million
0.13% share
ASEAN USD 102.87 billion
27.4% share
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Components of Malaysia’s Exports 2018
Manufactured Goods80,2%
Mining Goods10,6%
Agriculture Goods8,6%
Others0,6%
Total Exports: USD247.24 billion
Source : DOSM
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Malaysia is among the world’s largest exporters for:
Product Value(USD mil)
Share (%)
Ranking
Petroleum gases (HS271129) 354.3 74 1st
Sawn timber (Red Meranti, Bakau, Lauan, Seraya) (HS440725) 128.8 68.3
1st
Rubber gloves (HS401519) 3,020 58.3 1st
Vegetable fats & oils (HS151620) 1,552.4 44.5 1st
Fibreboard of wood (HS441193) 142.3 29.5 1st
Surgical rubber gloves (HS401511) 342 26.4 1st
Primary cells & batteries (HS850680) 136.8 18.5 1st
Parts of electronic integrated circuits and micro-assemblies (HS854290)
2,463 18.8 2nd
Transmission apparatus for radio-broadcasting or television (HS852560)
429.9 10.4 2nd
Microwave ovens (HS851650) 355.3 9.2 2nd
SOURCE: International Trade Centre (ITC)
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Malaysia’s Trade with Chile
Total exports
USD 219 milSource : DOSM
Total imports
USD 130 mil
TOTAL TRADE
USD 349 mil
Chile is Malaysia’s:
58th largest trading partner
4th largest export destination within Latin America
4th source of imports from Latin America
4th largest trading partner within Latin America
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Major Exports to Chi le 2017
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HS/ AHTN HS 6-Digit Description RM Mil. Share
401519 Gloves nes of rubber 78.4 11.0
940340 Kitchen furniture, wooden, nes 69.3 9.7
151620Veg fats &oils&fractions hydrogenatd,inter/re-esterifid,etc,ref'd/not
47.8 6.7
852791Radio-broadcast receivers, for mains operation only, combined with sou
43.9 6.1
151790Edible mx/prep of animal/veg fats&oils/of fractions ex hd No 15.16
28.1 3.9
310210Urea,wthr/nt in aqueoussolution in packages weighgmore than 10 kg
26.3 3.7
880330 Aircraft parts nes 16.1 2.2
851650 Microwave ovens 12.6 1.8
950300Tricycles, scooters, pedal cars& similar wheeled toys; dolls carr
11.2 1.6
611420 Garments nes, of cotton, knitted 10.9 1.5
Major Imports from Chile 2018
Manufacturesof Metal
33.2%
CrudeFertiliser
and Crude Minerals
25.4%
Metalliferousores
and metalscrap
23.4%
OtherAgricultures
8.8%
Chemical & Chemicals Products
3.0%
ImportShare
Manufactures of Metal USD13.0 Mil Zinc not alloyed, zinc alloys unwrought, zinc bars, rods, profiles and wire.
Crude Fertiliser and Crude Minerals USD9.9 MilNatural calcium phosphates, aluminum calcium phosphates, natural borates
Metalliferous Ores and Metal Scrap USD9.2Mil Copper ores and concentrates, tin ores and concentrates, zinc ores and concentrates
Agriculture Products USD3.4Mil Cocoa beans, fruits, cereals
Chemicals and Chemical Products USD1.2Mil Synthetic organic colouring, salt & peroxysalts, manufactured fertilisers
Mining Goods accounted for 48.8% of imports from CHILE
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INVESTMENT
Malaysian Companies in Chile
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Business: Salmon canningInvestment details: Since 1995Products: Salmon in can for Asian market
Business: Drone based managed solution providerInvestment details: Since 2018Services: drone services
SAFCOL CHILE AERODYNE MALAYSIA
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WHY MALAYSIA?
3rd
global offshoring destination(A.T. Kearney Global Services Location Index™ 2016)
4th protecting investors(World Bank Doing Business June 2015 Report)
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6th
most attractive investment destination(Baseline Profitability Index (BPI) 2015)
14thmost competitive economy in overall performance (IMD's World Competitiveness Yearbook 2015)
15th
IMD world talent rankings(IMD's World Competitiveness Yearbook 2015)
18th
in ease of doing business (World Bank Doing Business June 2015 Report)
18th
most competitive nation in the world (WEF's Global Competitiveness Report 2015-2016)
Malaysia’s Global Ranking
Political and
Economic Stability
A Pro-business
Government
Good Infrastructure
Trainable &
English Speaking
Human ResourceA Sound
Banking System
An Open Trading
Environment
Liberal
Investment Policies
Great Quality
of Life
Excellent Facilities -
Convention and
Conferences
Great Food24
IP ProtectionCPTPP
Ease of Doing Business
Malaysia has implemented 14 Free Trade Agreements:
ASEAN1. ASEAN Free Trade Area (1992)
2. ASEAN-China (2004)
3. ASEAN-Korea (2006)4. ASEAN-Japan (2008)
5. ASEAN-India (2009)
6. ASEAN-Australia-New Zealand
(2009)
7. ASEAN – Hong Kong Free
Trade Agreement (Nov 2017) –
yet to be enforcedStill under negotiations: Malaysia-European Free Trade Area
Economic Partnership Agreement (MEEPA), Regional
Comprehensive Economic Partnership (RCEP) Source:
MITI
Malaysia
BILATERAL1. Japan (2005)
2. Pakistan (2007)
3. New Zealand (2009)4. Chile (2010)
5. India (2011)
6. Australia (2012)
7. Turkey (2015)
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MOVING FORWARD
Wood-Based Products
Medical Devices & Pharmaceuticals
Electrical & Electronics
Textiles & Apparels
Metal & Metal Products
Petrochemicals
Machinery & Equipment
Palm Oil Based Products
Import Opportunities from Malaysia
Rubber-Based Products
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INTERNATIONAL TRADE FAIRS AND
SOURCING PROGRAMME
Ter ima Kas ih
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Thank you
Grac ias