Trade Policy and Regulations in Malaysia
Foreign Trade in Figures
Malaysia is well known for its openness to international trade. Foreign trade represents more than double of the country’s GDP.
The trade balance is structurally positive. The global economic crisis, even if it caused a reduction in exports, it did not affect the trade balance since imports also dropped on a larger proportion than exports.
The country mainly exports electric and electronic equipment, machinery, mineral fuels and hydrocarbons, animal and vegetable oils and fats, wood and charcoal. The country mainly imports electric and electronic equipment, machinery, fuels and oils, plastic products, iron and steel. Its main trade partners are the United States, Singapore and Japan, followed by China and the European Union.
|Foreign Trade Indicators||2006||2007||2008||2009||2010|
|Imports of Goods (million USD)||131,152||146,982||156,896||123,832||164,733|
|Exports of Goods (million USD)||160,676||176,211||199,516||157,433||198,801|
|Imports of Services (million USD)||23,421||28,475||30,060||27,257||32,040|
|Exports of Services (million USD)||21,572||29,375||30,283||28,727||32,478|
|Imports of Goods and Services (Annual % Change)||8||6||2||-12||-|
|Exports of Goods and Services (Annual % Change)||7||4||2||-10||-|
|Trade Balance (million USD)||37,441||37,727||51,261||40,253||-|
|Current Account (million USD)||26,200||29,770||38,914||31,801||-|
|Foreign Trade (in % of GDP)||210||199||184||171||-|
|Imports of Goods and Services (in % of GDP)||94||89||80||75||-|
|Exports of Goods and Services (in % of GDP)||117||110||103||96||-|
Source: WTO - World Trade Organization ; World Bank
Main Partner Countries
(% of Exports)
|United Arab Emirates||1.8%|
|Other partnersClose extended list||47.7%|
(% of Imports)
|United Arab Emirates||1.4%|
|Other partnersClose extended list||45.3%|
- Main International Economic Cooperation
- Member of
World Trade Organisation
APEC, ASEAN, AFTA and the ASEAN - China Free Trade Area.
The country have signed a trade agreement with 21 other countries in the São Paulo Round of the Global System of Trade Preferences among Developing Countries (GSTP).
- Assessment of Commercial Policy
Malaysia and WTO
Barriers to exchanges
Barriers to exchanges
Sanitary and phytosanitary barriers
- Average Customs Duty (Excluding Agricultural Products)
- Useful Resources
Royal Malaysian Customs Department
- National Organization of Intellectual Property
Inside the Ministry of Trade and Consumption (
Kementerian Perdagangan Dalam Negeri Dan Hal Ehwal Pengguna) the Enforcement Division deals with problems of counterfeiting and pirating.
The central organization in charge of the protection and promotion of intellectual property rights is the Malaysian Intellectual Property Corporation (MyIPO). The appliction for a patent must be directly presented in Malaysia and will cover the whole country. Inventions can only be patented if they are new, not obvious and have an industrial application. A patent expires after 15 years but it can be extended in certain cases.
In order to register a trademark, it is necessary to seek its registration from the Registrar of Trade Marks and to indicate a user of the brand in the country. As soon as the trademark is registered, it becomes protected and its use is continuous.
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Malaysia’s economy registered a growth of 7.2% in 2010. Both the services and manufacturing sectors contributed to the robust growth the year, accounting for 3.7% and 2.9% GDP growth respectively.
Hong Kong Trade Development Council (HKTDC) on 30 May 2011 related to Trade Policy and Regulations in Malaysia
Government Trade Promotion, Hong Kong SAR