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The Malaysian market, currently the third-largest in ASEAN, is a key driver of growth in the region, offering many new opportunities for foreign investors and businesses. Malaysia has witnessed immense economic development in recent years across its diverse booming sectors. For example, the Malaysian digital economy is expected to triple by 2025. Malaysia has long moved away from low-value and low-cost manufacturing, and is now focused on moving up the value chain towards high value, high tech, and high impact investments (aligned to the National Investment Aspiration & 12th Malaysia Plan).
Malaysia is one of Canada’s largest merchandise trading partners, with bilateral trade totalling approximately CAD$3.8 billion. Other than growing economic ties, Canada and Malaysia are also partners in key development areas, such as democracy and freedom, advancement of the rights of women and monitories, and defense and security.
Join the Canada-ASEAN Business Council and the Malaysia Canada Business Council to explore the lucrative untapped business opportunities present in Malaysia for Canadian companies and investors. Learn more from our local partners about key regulatory developments, in-depth business advice for operating and expanding in the market, and the national programs available to be leveraged by Canadian businesses for support.