If you are hoping to export goods and/or services from Australia into Malaysia, you’ll be delighted to learn about MAFTA, the Malaysia-Australia Free Trade Agreement (MAFTA). This deal has opened up a dynamic Asian market to Australian businesses, as it has meant less export tariff Australia to Malaysia. But the MAFTA isn’t the only reason to consider importing goods and services into this southeast-Asian country. Read on to discover more about how trade with Malaysia can benefit you and your business.
How Does Exporting Goods Help Business?
Exporting good overseas is a way of opening up your business to brand new markets. It also reduces your company’s dependence on the Australian market and makes you more resilient. If you are an Australian company in search of new overseas markets, Malaysia is a strong contender. TSL is able to take care of every aspect of the operation for you.
Benefits Of Exporting To Malaysia
1. Free Trade Agreement Between Australia And Malaysia
Since early 2013 the MAFTA has been in force. This high-quality Free Trade Agreement between Malaysia and Australia further integrated the Australian economy into a rapidly growing Asian region. It has made it much easier and cheaper to carry out Australia-to-Malaysia imports of services and goods because it has meant much less export tariff Australia to Malaysia, and resulted in there being NO export tariff when importing from Malaysia to Australia. Click here to find out more about Free Trade Agreements and how they can help your business grow.
2. Malaysia’s Geographical Position
Malaysia is situated in the heart of Asia. This makes it a great location for Australian businesses to use as a base to access other powerful Asian countries such as Japan and China. Malaysia is bordered with Thailand, Indonesia and Brunei by land, and Vietnam, Singapore and the Philippines by sea.
3. Malaysia’s Growing Economy
Malaysia is a fast-growing Asian economy with a population of around 32 million. It is set to become a high-income nation by 2020. In recent years, the country has experienced rapid increases in development and infrastructure, which means increased opportunities for Australians who want to export goods to Malaysia.
4. Doing Business With Malaysians Is Straightforward
Malaysia’s population is made up of Malays, Chinese and Indians – it is a country which is very diverse ethnically. Business is carried out in similar ways as with countries such as China, India and Indonesia, which many Australian businesses are already familiar with. What’s more, the language of business in Malaysia is English which makes things easy for Australians.
Shipping To Malaysia Sea Freight Or Air Freight
TSL is here to organise every aspect of your freight forwarding operation to Malaysia for you. We have an extensive network of contacts and agents who can arrange everything from packing and distribution to road transportation and customs brokerage. We can organise shipping to Malaysia sea freight or air freight. If you’d like to know more about our services Click Contact link below and we’ll get back to you ASAP.