I dentify the business environment in Brunei

1. Identify the business environment in Brunei • Anindustry involved in the extraction and collection of natural resources, such as copper and timber, as well as by activities such as farming and fishing. • Acompany in a primary industry can also be involved in turning natural resources into products. • Primary industry tends to make up a larger portion of the economyof developing countries than they do for developed countries. • Oil and gas is the primary resource fuelling Brunei Darussalam's economy, accounting for more than half of the nation's GDP.

2. While making efforts to sustain and strengthen the oil and gas industry, through the development of new upstream and downstream activities, the Government of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam is also pushing hard for economic diversification Manufacturing, primary resources and tourism have been identified as a pillar of diversification. The development of the Brunei Halal brand, the shift to agribusiness, and export oriented manufacturing, food processing and services are just examples of new initiatives of the government, which should prove attractive for investors and entrepreneurs alike. New high technology investments such as biotechnology based on natural tropical forest biodiversity and high technology manufacturing, information and communication technology (ICT) and high technology farming and fisheries is also actively promoted. 

3. Fully developed industrial and primary resources sites are available in strategic locations all over the country, to locate manufacturing activities, agricultural and fisheries-based food processing, farming, aquaculture fisheries, services industries and other promoted activities. A total of more than 51,000 employment opportunities have been created by the manufacturing, primary resources and tourism sectors. Development in the primary resources sector continues to show encouraging progress in terms of production, yield and earnings. The change towards commercial and business orientation resulted in more intensive production spurred by the introduction of new technologies and quality breeds of livestock and fisheries, and varieties of crops.

4. Crude oil and natural gas production account for about 90% of its GDP. About 167,000 barrels of oil are produced every day, making Brunei the fourth largest producer of oil in South-east Asia. It also produces approximately 895,000,000 cubic feet (25,300,000 m3) of liquefied natural gas per day, making Brunei the ninth-largest exporter of the substance in the world. Brunei depends heavily on imports such as agricultural products (e.g. rice, food products,livestock, etc.),motorcars and electrical products from other countries. Brunei Darussalam imports 60% of its food requirements, which around 75% of those food imports come from the ASEAN countries.

5. To achieve its target for food self-sufficiency, Brunei renamed its Brunei Darussalam Rice 1 to Laila Rice during the launch of the "Padi Planting Towards Achieving Self-Sufficiency of Rice Production in Brunei Darussalam" ceremony at the Wasanpadi fields in April 2009. In August 2009, the Royal Family reaped the first few Lailapadi stalks, after years of multiple attempts to boost local rice production, a goal which was envisioned about half a century ago. In July 2009 Brunei launched its national halal branding scheme, Brunei Halal, with an aim to export to foreign markets.

6. Main imports Machinery, transportation equipment, manufactured goods, food stuff and chemicals Main export partners Japan, Indonesia, Australia, South Africa and USA Main industries Petroleum, petroleum refining, liquefied natural gas and construction Main import partners Singapore, Malaysia, Japan, China, Thailand, USA and UK Main exports Crude oil and liquefied natural gas

7. 38% 62%

9. Comparison of Brunei’s Export & Import in 2009 & 2010 $ 2009 2010