SENIOR trade officials and veteran exporters have invited anyone interested in tapping Malaysia’s dynamic market to a nationwide series of seminars from 27 February to 10 March.
‘Malaysia on the map – open for Australian business’ will cover the latest opportunities for trade and how to become a successful exporter to the South East Asian nation.
Malaysia is the second strongest economy in Southeast Asia and Australia’s ninth largest trading partner, which in 2004 resulted in $8 billion total goods trade between Australia and Malaysia and $1.7 billion in services trade.
“Malaysia is a diverse and rapidly advancing economy,” said Australia’s High Commissioner to Malaysia, James Wise, who will host the seminars,“if you’re at all interested in exporting products and services to Malaysia, this seminar series is a great place to start.”
The Malaysian economy grew by more than 5% last year, underpinned by strong private sector activity.
The services sector is the main contributor to growth, due to strong consumer spending, tourist arrivals and building activity.
In Australian traders’ favour is Malaysia’s English-speaking business population, its status as the most developed market in South East Asia after Singapore, and the potential of a future Malaysia-Australia Free Trade Agreement (FTA), in negotiations since April 2005 and expected this year.
For more information, contact Austrade .