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Malaysia

With a rapidly modernising economy, Malaysia entered in to the ‘Patent Cooperation Treaty’ (PCT) with the World Intellectual Property Organisation (WIPO) in 2006.

Economic Overview

Once a commodity-based economy focussed on rubber and tin, Malaysia is now one of the world’s largest electronic and electrical products producers, with almost 36% of all exports comprised of these products. Over 80% of the country’s exports in 2015 being manufactured goods. Goods and services exports comprise over 70% of Malaysia’s GDP, which was US$313.5b in 2015.

In 1991, Malaysia expressed a vision to become a high income, developed economy by 2020 (Vision 2020). This plan includes the eradication of poverty and the advancement of indigenous groups. The country is well on its way toward achieving Vision 2020, but is still faced with a number of economic reforms which need to be addressed to achieve sustainable, long-term economic growth.

The current prime minister has set out to further liberalise the economy, namely in the services sector with a Goods & Services Tax introduced in 2015 bringing their economy in line with other major international economies.

Bilateral Relations

Australia and Malaysia share an extensive cooperation history. 2015 marked the 60th anniversary of Australia’s diplomatic presence in Malaysia.

An Australia-Malaysia Strategic Partnership was elevated in 2015, acknowledging bilateral ties and a desire to shared desire for stable prosperity. Both countries share a longstanding history of economic, foreign affairs, defence and security, and people-to-people cooperation.

16 Sep 2017
At FB Rice, we recognise that diversity is a strength and that we are a better firm for having people with different ethnicity, sex, gender identity, sexual orientation and backgrounds.

02 Mar 2017
The Acquisition International IP Excellence Awards for 2017 have been announced, and we are honoured to be awarded Best IP Strategy Firm - APAC as well as AI Excellence Award for Trademark Prosecution - Antipodes.