Commercial relations In 1971 Malaysian imports from Israel exceeded M$11 million while exports to Israel totaled more than M$2 million. Malaysia imposed a ban on trade with Israel in 1974.[3]:23 According to the Israel–Asia Center, trade between Israel and Malaysia is conducted through intermediate countries such as Singapore and Thailand rather than directly. Between 2000 and 2001, exports to Malaysia from Israels Intelcomputer chip factory in Kiryat Gat were responsible for US$600–700 million.[5] A 2002 report on Israels trade relations with Indonesia and Malaysia from Israels Ministry of Industry, Trade and Labor advised Israelis interested in conducting business with Malaysian companies that there is no opposition to trade and commercial relations as long as a low profile is kept. The same report stated that Israels Intel factory accounted for some 98% of Israels exports to Malaysia between 1999 and 2002. Thus in 1999 Israeli exports to Malaysia were worth $107 million – $5.3 million excluding Intel. That year Israeli imports from Malaysia were worth $23.6 million. In 2000 Israeli exports to Malaysia were worth $732 million – $4.7 million excluding Intel. Israeli imports from Malaysia were worth $25.9 million. In 2001 Israeli exports to Malaysia were worth $615.5 million – $4.7 million excluding Intel. Israeli imports from Malaysia were worth $26.3 million.[6] Figures released by Israels Central Bureau of Statistics showed that trade between Israel and Malaysia in 2008–2011 fluctuated considerably. In 2008, Israeli exports to Malaysia came to $30.2 million while Israel imported goods worth $100.6 million. In 2009, Israel exported $116.8 million-worth of goods to Malaysia and imported goods worth $68.5 million. In 2010, Israels exports to Malaysia grew to $798 million and imports grew to $85 million. 2011 saw Israel export goods to Malaysia worth $716.4 million and import goods worth $93.6 million.[7] A report compiled by the European Commission indicated that in 2010 Malaysia ranked 15th among Israels major trade partners, accounting for 0.8% (€667.6 million) of Israels trade in that year.[8] en.wikipedia.org/wiki/Israel%E2%80%93Malaysia_relations
Posted on: Thu, 10 Jul 2014 03:03:10 +0000
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