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 MALAYSIA
 Trans-Pacific Partnership

Malaysia is a Key U.S. Export Market

  • Malaysia's economy is valued at $296.2 billion*
  • $12.3 billion in goods in 2015 were exported from the United States to Malaysia
  • 13,180 U.S. companies exported goods to Malaysia in 2014 – 87.3% were small and medium-sized companies
  • 54,338 U.S. jobs supported by goods exports to Malaysia and 18,218 U.S. jobs supported by services exports to Malaysia in 2015

TPP Will Eliminate All Foreign Import Taxes on Industrial and Consumer Goods in the Top Export Sectors in Malaysia for U.S. Exporters

Before TPP

After TPP

Chemicals


$918 Million
In Exports
To Malaysia

30% Current Maximum Tariff
in Sector


88.7%
of U.S. Goods Exports will be
Duty–Free Immediately
in Malaysia

Machinery


$694 Million
In Exports
To Malaysia

30% Current Maximum Tariff
in Sector


94.4%
of U.S. Goods Exports will be
Duty–Free Immediately
in Malaysia

High-Tech
Instruments


$399 Million
In Exports
To Malaysia

25% Current Maximum Tariff
in Sector


100%
of U.S. Goods Exports will be
Duty–Free Immediately

in Malaysia

Building Products


$304 Million
In Exports
To Malaysia

60% Current Maximum Tariff
in Sector


82.7%
of U.S. Goods Exports will be
Duty–Free Immediately
in Malaysia

Metals
and Ores


$291 Million
In Exports
To Malaysia

30% Current Maximum Tariff
in Sector


80.4%
of U.S. Goods Exports will be
Duty–Free Immediately

in Malaysia


TPP Works for America

2,991,102:

Jobs Supported by Goods Exported to TPP countries in 2015
$679.6 Billion:

2015 Total
U.S. Goods
Exported to
TPP Countries
174,331:

U.S. Companies
Exported Goods to
TPP Countries in 2014
97%:

SME share of U.S. Goods-Exporting
Companies to TPP Countries in 2014
30%:

SME share of U.S. Goods Exports to TPP Countries in 2014

Market Opportunity Spotlights

Heating, Cooling, Plumbing:

Top U.S. building product exports to Malaysia include electrical switches and wiring, plate glass, nails, screws, bolts and other fasteners, and heating, cooling, and plumbing systems. Some of these products face tariffs as high as 30% into Malaysia. Under TPP, all of these products will become duty free, with most tariffs being eliminated immediately.

Motorcycles:

American high quality motorcycles are in demand throughout the TPP region for their quality and craftsmanship. Yet, American-made motorcycle exports face prohibitive tariffs in new TPP markets: Malaysia applies tariffs ranging up to 30%. Under TPP, U.S. motorcycles will see deep annual cuts to the tariffs before they are phased out entirely. These significant cuts to the tariffs, combined with the rising middle class in the Asia-Pacific region, will provide new export opportunities to America’s motorcycle manufacturers.

* 2015 Nominal GDP
** TPP Countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru,
Singapore, the United States, and Vietnam
*** New TPP Countries: Countries with which the United States currently does not have preferential
market access - Brunei, Japan, Malaysia, New Zealand, and Vietnam

 


 

 

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