High Commissioner of Malaysia in Sri Lanka, Tan Yang Thai was the guest speaker at a Session on ‘Bilateral Trade between Sri Lanka and Malaysia’ organised by the National Chamber of Commerce of Sri Lanka, at its auditorium recently.
Minister Counsellor, Malaysian High Commission, Ismail M. Bkri, Roswaidin Mohd Zain of Malaysia Investment Development Authority and Muzzafar Shah Hanafi of Malaysia External Trade Development Corporation attended the event.
During the presentations, it was revealed that Malaysia had strong capabilities in green technology, Innovative ICT products and design complex smart chips, a comprehensive, progressive and sophisticated Islamic Finance market place, designed and built some of the iconic buildings in the world from airports to universities and townships and fast evolving into a regional aviation and MRO services hub.
Malaysia has signed 13 FTAs already and their major trading partners are China, Japan, Singapore, South Korea, India, Taiwan and United States. Malaysia’s total exports are amounting to 247 USD Billion (2018) and their major export items are electrical and electronics, petroleum products, chemicals, palm oil, metal and LNG.Its population is approximately 31 million and the GDP is approx. 340 billion USD.
Under the investment policy of Malaysia many incentives have been introduced for advanced electronics medical devices, machinery equipment, biotechnology, food technology, pharmaceuticals, oils and gas etc.
Green technology, logistics, private healthcare, private education Tourism sector have been promoted under service sector investments.