Malaysia is one of the most open economies in the world, with a trade to GDP ratio averaging over 130 percent since 2010. Malaysia has successfully diversified its economy from agriculture and commodity-based to one that now plays host to robust manufacturing and services sectors, which has propelled it to become a leading exporter of electrical appliances, electronic parts and components.

Intervention

The energy and trade sectors have played an essential role in the growth of the Malaysian economy. The establishment of PETRONAS in 1974 has helped to strengthen the energy resource development in the country, with the combined oil, gas and energy sectors representing 19 percent of GDP in 2009. To sustain its current position as one of the most competitive and successful countries in the world, the successful implementation of the Economic Transformation Programme (ETP) is crucial. Millennium Institute, in partnership with the Ministry of Economic Affairs conducted a comprehensive integrated assessment of the interventions planned and needed in the energy and trade sectors to coherently and effectively support national development.