Malaysia is one of ASEAN’s most mature and connected economies, both regionally and globally. It is a big beneficiary of regional connectivity, considering the degree to which the country has extended its value and supply chains across the region.
In the manufacturing space, Malaysia has long been known as a hub for electronics and semiconductor manufacturing, but this is now changing as the economy matures.
“We are now focusing on high value-added sectors like advanced electronics, medical devices and the aerospace industry,” Malaysia Investment Development Authority (MIDA) Australia Director Aizah Abdullah says. “We want the economy to move up the value chain.”
For Australia, this creates opportunity to not only tap into demand in Malaysia for our advanced-level manufacturing and expertise, but also plug into ASEAN-wide value and supply chains through establishing a base in the country.