National Trade Blueprint

44 National Trade Blueprint Guide industry and government investment to grow a more productive and competitive export sector in response to an increasingly sophisticated export market by focusing our resources on fast growing and developing markets, where government can have the greatest impact to the export performance. Meanwhile, sectors which are currently focused on high volume production would be advanced to high value manufacturing given its strong potential in driving economic performance over the longer term Driving Growth Through Investment and Export Diversification Attracting investments and diversifying exports would be critical for Malaysia to remain resilient amid uncertainties in the global trade environment, especially given the current trend on reshoring of investments and global supply chain disruption. Malaysian businesses need investment, modern infrastructure and skilled resources to effectively access global markets and operate productively. 8 Strategic Thrusts Thrust 7: FOCUS RATIONALE Generate new opportunities through investments to grow and complete the ecosystem and value chain Objective / Pain points Continuously driving investments to grow Malaysia’s exports. Position Malaysia as an attractive investment destination, coupled with a conducive business environment. Key Stakeholders: MITI/MIDA (Lead), MATRADE, Regional Economic Corridors, Industry Associations Implementation timeline : Long-term Action plans 1. Increase investments in new growth clusters, especially in areas of high-tech and green industries a) Align focus sectors with masterplans such as RMK-12 and the upcoming industrial masterplan. b) Activity or performance-based incentives such as for innovation, skill development and environmental sustainability may be considered besides providing current blanket tax holidays, to encourage investors to set up facilities in Malaysia for exports. 2. Undertake mapping of supply chain on key focus sectors and promote investments in export-oriented activities and infrastructure a) Identify target sectors to drive investment, then undertake measures to bring together a variety of downstream/upstream activities. 3. Alignment between MIDA and MATRADE to identify the target investments in the pipeline a) Identify products where Malaysia can expand in scale based on existing competitive strength. b) For goods that Malaysia is unable to manufacture due to unavailable technologies and expertise, engage with MIDA to explore potential investments that need to be attracted into Malaysia. 7.1