As a trading hub, Malaysia has historically been linked with trade in every sense. From Malacca to Johor, Port Klang to Penang, there have been many efforts to make Malaysia an import-export hub of the world which has been very successful. As a trading port, Malaysia:
Throughout history, Malaysia has been exporting much of its produces to the rest of the world. Among them include:
Meanwhile, Malaysia exports mainly to:
On the other hand, Malaysia imports a lot of products as well. Its main import partner is:
The following products are imported by Malaysia:
In Malaysia, imported and exported goods that are not from ASEAN or the Association of Southeast Asian Nations follow the HTS or Harmonized Tariff System. On the other hand, the ASEAN Harmonized Tariff Nomenclature or AHTN is followed for those coming from ASEAN countries.
It must be noted that within Malaysia, there are:
With this, Malaysia is able to trade within the countries and territories more efficiently. Malaysia has agreed on bilateral FTAs with several countries that include:
In terms of being partners in the ASEAN Trade in Goods Agreement, Malaysia is in this with:
In terms of competition, Malaysia’s trading partners have similar services. This includes:
If you have been investing in the stock market, you would surely have heard of the term stock market bubble. That is one of the
For Muslims in particular, travelling to places like China, Hong Kong or other non-Muslim countries can be a challenge especially when it comes to food.
Did you know that you can now earn an income by trading China products on a part-time basis? At the current economic condition, the ‘one
The China market is often seen to be very challenging and entrepreneurs have often been trying to bring China-produced goods out to other countries. Penetrating
The golden question of whether it is hard to trade in China is often asked to entrepreneurs and businessmen from different types of business sectors.
You can now enter into a whole new business opportunity by venturing into the China market. Get to know what you can expect and how
Commercial Invoice This is the most common type of invoice used and goes by different names like Trade Invoice, Shipping Invoice or just Invoice alone.
Latest articles
What is STO? STO stands for Security Token Offering. It is also known as a Tokenized IPO (Initial Public Offering). This is where tokenized digital
What is Transak? Transak generally provides a payment gateway and banking solution for cryptocurrencies. It started with the idea and objective to allow web2-to-web3 conversion
Bitcoin is always volatile but has good performance Suffice to say, BTC is constantly the main cryptocurrency to invest in this year. It breached the
What is Heaven’s Door in China? Heaven’s Door is referred to the unique and natural formation of Tianmen Mountain, which has been said to be
What is a dark kitchen? Dark kitchens became popular in the recent COVID-19 pandemic where food and beverage (F & B) businesses started a new
What is DApp? DApp is short for decentralized applications. The name implies that it is an application that is built and intended to run on