BUSINESS OPPORTUNITIES: MALAYSIA FOR ASEAN

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1 Medical Devices Pharmaceutical BUSINESS OPPORTUNITIES: MALAYSIA FOR ASEAN WAHIDA ABDUL RAHMAN Malaysian Investment Development Authority (MIDA) Biotechnology Driving Transformation, Powering Growth

2 Air Connectivity Singapore: 45 minutes (90x daily) Jakarta: 2 hours (32x daily) Bangkok: 2 hours (34x daily) Hanoi & Ho Chi Minh: 2 hours (18x daily) Medical Devices Manila: 2.5 hours (12x daily) Phnom Penh & Siem Reap: 2 hours (6x daily) Brunei: 2 hours (5x daily) ASEAN:633 million market, 8.8% of world s Biotechnology population Yangon: 3.5 hours (3x daily) ASEAN Economic Community and Single Market by 2015 Implemented AFTA in th largest economy in the world combined GDP USD2.55 trillion. GDP USD 2.57 trillion, GDP growth 4.6% (2015). 3 rd largest market in the world - population over 633 million people in 2015 and estimated to 717 million in Intra-ASEAN trade is 24% of total global trade of USD2.22 trillion in Total FDI inflows of USD96 billion in 2016 with intra-asean investments alone contributing 25% 97.3% of products traded in the region will be duty-free Tourism arrivals million in 2015, Intra-ASEAN 46 million ASEAN Economic Community 2015, integrated market & production base freer flow of goods, services, investments, skilled labour and capital

3 MALAYSIA IS CONNECTED TO THE WORLD THROUGH FTA s MALAYSIA IS THE STRATEGIC GATEWAY TO KEY MARKETS LEVERAGING ON FTAs Market size: 2.7 billion people Tariff reduction and elimination: 2016 Malaysia Malaysia has implemented 13 FTAs: ASEAN 1. 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) BILATERAL 1. Japan (2005) 2. Pakistan (2007) 3. New Zealand (2009) 4. Chile (2010) 5. India (2011) 6. Australia (2012) 7. Turkey ( ) Malaysia is still negotiating Regional Comprehensive Economic Partnership (RCEP), Malaysia-EU, Malaysia-EFTA and ASEAN-Hong Kong. 3

4 Malaysia s Economic Development Journey SECTOR GDP CONTRIBUTION (%) Agriculture Mining Construction Manufacturing Services Manufacturing sector contributes 81% of total exports MNCs contribute 75% of total exports Services the largest contributor to the Economy Malaysia has successfully transformed from a predominantly agriculture-based economy in the 1970s, to a more diversified economic structure. Source : Department of Statistic Malaysia 4

5 Eleventh Malaysia Plan ( ) Three (3) catalytic subsectors namely Chemical, E&E and M&E industries; and two (2) subsectors of high potential growth namely Aerospace and Medical Devices have been identified in the 11th MP to drive the growth of the manufacturing sector. 3 catalytic subsectors Electrical and Electronics Chemicals 2 High Growth Sectors Machinery and Equipment Medical devices Aerospace 5

6 PROMOTED SECTORS IN MALAYSIA BIOTECHNOLOGY ELECTRICAL & ELECTRONIC Oil & GAS MACHINERY AND EQUIPMENT HEALTHCARE AEROSPACE & AVIATION SPECIALTY CHEMICALS DIGITAL ECONOMY ICT REGIONAL ESTABLISHMENT GREEN TECHNOLOGY 6

7 MALAYSIA S DIGITAL ECONOMY Through attracting technology investment, supporting technology champions and helping Malaysian organisations and talent to embrace digital, we are fuelling a sustainable digital ecosystem that will drive nation s digital economy forward A Diversified POOL of DIGITAL BUSINESSES Supports and Drives Industry Transformation Multimedia content designing of computer based media including: & PLATFORM text, graphics, sound, animation, TECHNOLOGY Study, design development, implementatio n, technical services or support, SERVICES marketing and management of computing based Outsourcing of common services and leveraging on economies of CONTENT scale 7

8 FOCUS AREAS: TECHNOLOGY AND APPLICATIONS Catalyse Digital Adoption Across Industry Sectors 8

9 MALAYSIA : Attractive Base for UK Companies Medical Devices Pharmaceutical Biotechnology

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11 Digital Free trade Zone (DFTZ) DFTZ is an initiative by the Malaysia Government to capitalize on the confluence and exponential growth of cross-border ecommerce activities that are happening within digital economy Two important components efulfilment equipped with technology to serve cluster of facilities for customs clearance, warehousing and logistics to facilitate trans-shipment air cargo eservices Platform to manage cross-border trade and leverage on an integrated trade facilitation platform that provides access to ecommerce ecosystem players (financing, last mile fulfilment, insurance, digital marketing and others DFTZ will increase the SMEs goods export to USD38 billion, create jobs and support US65 billion worth of goods moving through DFTZ by 2025 KLIA Aeropolis DFTZ Park is a efulfilment hub that to make Malaysia as a regional hub that will be of the ewtp (the Electronic World Trade Platform) which will be connected to the upcoming regional hubs in the region and others Over 1,900 export-ready SMEs are onboard to benefit from the DFTZ In the future, DFTZ will support for transportation of goods by sea and rail

12 British Malaysian Chamber of Commerce (BMCC) Ms Aurelia Silva Executive Director British Malaysian Chamber of Commerce Lot E04C1 4th Floor East Block, Wisma Selangor Dredging, 142-B Jalan Ampang, Kuala Lumpur, Malaysia. Phone: (+603) Fax: (+603)

13 Thank you Mrs Wahida Abdul Rahman Director Malaysian Investment Development Authority (MIDA) 17 Curzon Street, London W1J 5HR, UK Tel: / Fax: london@mida.gov.my MALAYSIA Your Profit Centre in Asia