Arnold, Knobloch & Saunders, L.L.P.
Malaysia has progressed from an economy dependent on agriculture and primary commodities to a manufacturing-based, export-driven economy spurred on by high technology, knowledge-based and capital-intensive industries. Multinational corporations from more than 40 countries have invested in over 5,000 companies in Malaysia's manufacturing and related services sectors, encouraged by the country's pro-business environment.
The country continues to improve in the global ranking of the most business-friendly economies coming in at 12th position in the World Bank Doing Business Report for 2013, moving up from 18th spot last year and 23rd in 2010.
It is strategically located in ASEAN, the most vibrant economic region with a 4.9% GDP growth, a combined GDP of US$2.1 trillion and a population of 607 million in 2011.
The ASEAN region hosts approximately $150 billion U.S. Foreign Direct Investment, is the 5th largest market for U.S. exports, and bilateral ASEAN-U.S. trade reached U.S. $176 billion in 2008.