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Trade Mission to Malaysia & Philippines
Malaysia
With a population of 34 million people, Malaysia is located at the heart of Southeast Asia and is a member of the Association of Southeast Asian Nations (ASEAN). U.S. exporters to Malaysia can expand their business opportunities by exploring regional opportunities across the other ASEAN economies, including Indonesia, the Philippines, Singapore, Thailand, and Vietnam. Virginia exports to Malaysia were valued at $208M in 2023.
U.S. products and brands are viewed favorably and enjoy a strong presence in many sectors, including technology, machinery, electronics, and medical equipment. U.S. exporters looking to expand their market presence in Malaysia can benefit from the country’s developed infrastructure, an English-speaking business and consumer environment, a well-established legal framework, and the ability to repatriate capital and profits. Malaysia’s position as a regional hub for logistics services, information and communications technology, and medical travel presents opportunities for U.S. exporters. The Malaysian government’s focus on enhancing healthcare is driving demand for healthcare
technology, medical devices, and digital health resources to ensure world-class quality healthcare service delivery. Malaysia also aspires to be a regional aerospace hub and an integral part of the global aerospace supply chain.
The top opportunities for Virginia exporters in Malaysia include:
■ Aerospace and Defense
■ Agricultural Sector
■ Education and Training
■ Environmental Technology
■ Equipment & Machinery
■ Healthcare
■ Information & Communications Technology
■ Renewable Energy
The Philippines
Virginia exports to the Philippines in 2023 were valued at $87.2M. The best prospects for U.S. companies in the Philippines include
information and communications technology, defense, clean energy, transportation infrastructure, and healthcare.
The Philippines is expected to spend approximately $4.4B on digital infrastructure over the next six years, and the country’s “Build-Better-More” infrastructure program currently has projects worth approximately $147B. These projects cover sectors such as physical and digital connectivity, power and energy, water resources, health, and agriculture. Japanese-tied aid projects cover a large portion of the initiative, but U.S. firms can work on these projects as a sub-contractor or supplier through the main Japanese contractor. Opportunities also exist for U.S. firms to compete on government tenders through a Philippine partner, or U.S. firms may elect to participate in public-private partnership projects. In the Philippine defense market, opportunities exist for sales in aircraft, ships, unmanned vehicles, intelligence and
surveillance systems, communications, personal protective equipment, and satellite and space systems.
The top opportunities for Virginia exporters in the Philippines include:
■ Agriculture
■ Cybersecurity
■ Defense
■ Energy
■ Healthcare
■ Information and Communications Technology
■ Transportation Infrastructure
Registration Deadline
Contact
Frequently Asked Questions
Based on past trade missions, we expect 6-10 Virginia companies to participate. The registration process is ongoing until the trade mission is full or the registration deadline has passed.
You must pay the trade mission participation fee of $2,500 to the VEDP at the time of registration. The participation fee includes the following:
- Identifying, contacting and pre-qualifying local distributors, reps and/or partners and organization of your meetings with interested prospects
- A “Doing Business In” briefing on the market(s)
- Your VEDP Trade Mission Leader and in-country consultant on hand during the week to ensure everything runs to plan
- Interpreter if needed
All travel expenses including airfare, hotels, meals, individual ground transportation to be paid directly by each participant. Additional estimated costs you will incur include (but are not limited to):
- Roundtrip airfare
- Hotels (7 nights)
- Meals
- Airport transfers, taxis, and other miscellaneous items
In most cases, you will be traveling independently to the locations of the local companies with which you are meeting. Because most appointments will be held at the companies’ locations, travel and other logistics may prevent each delegate from having a minimum of 3-4 meetings each day of the trade mission.
For travel between meetings, our consultants will recommend the most effective method of transportation. This will likely be a local car/driver.
If required, interpreters will be provided for meetings and are included in your registration fee.
Airline tickets: You book (and pay for) your own airline ticket via local travel agent or online air travel website. If you do not have a travel agent, the Trade Mission Leader can recommend one for you.
Hotels: VEDP will choose the hotel(s) and make reservations at a pre-negotiated government rate for each delegate. However, delegates will be responsible for their own hotel charges throughout the mission. All delegates will stay at the same hotel in order to facilitate logistics as well as to encourage the interaction and networking that is always a collateral benefit of traveling with a group. You will pay all hotel room charges directly to the hotel.
Contact your local International Trade Manager or the Trade Mission Leader immediately! We only want you to make the trip if we think there is good market potential for your company. We can perform exploratory market research within a short period of time to verify market potential for you.