Malay Jean Inc.

1. Malay Jean Inc. Chloe Gohr Lacey Heatherly Bianca Kohandani Ashley McCright Victor Ramirez Carly Seitz

2. About Malaysia • Located 9374.86 miles across the Pacific Ocean from the United States • Malaysia’s current population is over 28,700,00 • The official religion is Islam • Life expectancy at birth is 73, with the median age of 26 years old as of 2011 • Official language spoken is Bahasa Malaysia, and the secondary languages spoken are English and Chinese. • Malaysia is newly industrialized, which puts the nation in between developing and developed status.

3. Political Environment • Constitutional monarchy consisting of a Parliament with two houses headed by a prime minister, sultans, and a king who acts as chief of state. • Legislative power is divided between: • Federal and State legislature: • A lower house, the House of Representatives, and the upper house, the Senate.

4. Cultural Environment • Malaysia is a multi–ethnic, multicultural, and multilingual society. • Separate cultural identities. • Art and music • 1917 National Culture Policy • Policy made it so that only Malay texts are considered official cultural documents. • Strong government control • Family is important

5. Economic Enviornment • One of the best economic records in Asia • 2010, the GDP was $414,400 billion • 29th largest economy in the world • Government has pushed to increase tourism • Negative Effects? • Exports • oil and gas, rubber and tin, palm oil, crude petroleum and petroleum products, electronics, textiles, and timber. • One of the highest standards of living in Southeast Asia • Major trading partners: • the United States, Singapore, Japan, and China.

6. Legal Environment • Law based on other jurisdictions • Federal and State laws • Written and Unwritten laws • Criminal Procedure Code and Contracts Act • Malaysian land law is based on the Australian Torrens system. • The Federal Constitution provides the supreme law of the land. • Laws, legislation, courts, and other administrative aspects of the law • Defines the government and monarch, and their powers, as well as the rights of the citizens

7. Trade Environment • Malaysia growth through international trade. • Stabilizing trade policy with other countries to create a more liberal and fair global trade environment • Trade arrangements such as free trade agreements • Create quicker and higher levels of liberalization for effective market access between the participating countries. • Topic Malaysia needs to address: • Tariffs and non-tariff measures • Taxes • Facilitation and promotion amongst trade, economic expansion, and financing • Try to increase their efforts of becoming a more developed country with the help of enhancing the competiveness • The four bilateral federal trade agreements that Malaysia has are with Japan, Pakistan, New Zealand, and Chile.

8. Textile and Apparel Industry • Began primarily in the 1970s • Known for producing and exporting high end products • Malaysian-produced goods include fibers • man-made and natural-fiber yarns • woven cotton and man-made-fiber fabrics • knitted and crocheted fabrics • tulles, lace, ribbons, trimmings, and embroidery • special yarns, textile fabrics, and related products • Malaysia behind China, India, and Vietnam when it comes to cheap labor • Still ideal location for U.S., as well as other foreign, companies looking for a highly skilled, educated workforce and a government supportive of foreign investment. • The United States stands as the top export destination for Malaysian goods. • In 2008, the production index of the textiles segment increased by 8.6% to 102.8 from 94.7 in 2007 • While the production of the apparel segment decreased by 9.5% to 102.5 from 113.3 • decline in man-made fiber spinning and the weaving of textiles • decline due to United States’ economic recession