Malaysia is among one of the important countries in far-east with over 26 Million populations. I have personally collected some interested statistics, which describe Malaysia’s importance.
Malaysia has a total of 190$ billion GDP. Whereas the GDP per capita is 6980US$ and the GDP growth is 6.3% yearly.
The amounts of GDP shares in different sectors are as below:
- Agriculture 7.2%
- Industries 33.3%
- Services 59.5%
The different type of industries working in Malaysia includes rubber, palm oil processing and manufacturing, tin mining, electronics, processing timber, petroleum product and oil refineries.
Many of the countries are acting as trading partners of Malaysia’s export. Among them, some of them are listed below:
- United States with 8.7% of shares
- Singapore with 15% of shares
- Japan with 10% of shares
- China with 6.7% of shares
- Pakistan with 0.5% of shares
On the other hand major trading partners of Malaysia’s import are:
- Japan with 59.5% of shares
- United states with 14.5 of shares
- Singapore with 11.1% of shares
- China with 9.8 of shares
- Pakistan with 0.05 of shares
Now, let’s have a look at some indicators, particularly related to Pakistan. Pakistan has a total of 94.38 Million US$ export to Malaysia and 1261.41 Million US$ imports from Malaysia. Pakistan has 3.1% share in total imports to Malaysia and just 0.49% share in total export. The major items of export from Pakistan to Malaysia are cotton yarn and fabrics, rice, fish, textile articles and main made filaments. Whereas the main items imported from Malaysia to Pakistan are animal, vegetable fats and oil, Organic chemical, Boilers, machinery, mechanical application, plastic and telecommunication equipment.
The researched statistics show that there is some work required to increase trade between Pakistan and Malaysia. Also the economic indicators show that the trade between both countries is not satisfactory.
So, the business community in Pakistan must play an effective role to capture Malaysia’s import and export market. For this reason, on 18th January 2010, a ten member delegation of Rawalpindi Chamber Of Commerce and Industry (RCCI) lead by me; visited Malaysia to discuss the way to build strong links with both countries.
Munir Ahmed, leader of the delegation Rawalpindi Chamber of commerce & Industry (RCCI) presented a shield to Ambassador of Pakistan to Malaysia General (R) Tahir Mahmood Qazi at Kulalumper
During the 8 day visit, the delegation also attended an exhibition for the advancement of material and process engineering (SAMPLE) Asia Expo 2010.
The delegation held a meeting with an Ambassador of Pakistan to Malaysia General (R) Mehmood Qazi. Ambassador emphasized the importance of increase trade. He said investment ties between Pakistan and South East Asia in this context will enhance Pakistan-ASEAN relationship.
Munir Ahmed, leader of delegation Rawalpindi Chamber of commerce & Industry (RCCI) With Dr. Imtaiz A Kazi Deputy Head of Mission to Malaysia at Kulalumper
Commercial Consular for Pakistan High Commission Mr. Wajjiullah Kundi verified the delegates about the general business environment in Malaysia. He offered his full support and cooperation.
Further, the delegation meets with various business entities of Malaysia representing different sectors such as jewelry, computers, stationery and pharmaceutical with an objective to establish business to business contacts and promote bilateral trade.
During the stay delegation held meetings with following business organizations:
Later the delegation attended a dinner hosted by Malaysian Printers Association and arrived back to Pakistan on 26th January 2010.
I presented a report to president Rawalpindi Chamber of Commerce and Industries (RCCI). President RCCI Kashif Shabbir and executive body of RCCI appreciated the work of the delegation and congratulated me on a successful tour. Kashif Shabbir quoted that this report will probably help the business community of Rawalpindi and Pakistan as well.
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