Export Trading? Here's What You Need to Know

Rob: It sounds like MAIDA is a one-stop shop. Is that correct? To help companies that, like I look at Canadian companies and think that we’ve got a free trade agreement now with Malaysia. And companies are now saying when we don’t have a free trade agreement with China. we have one with Malaysia, we have one with Vietnam. What kind of, if I came to MAIDA, would they help me with my settlement to find coal manufacturers, for myself or my company?

Nelson: Let me, let me, let me point out what MAIDA does. We essentially take care of approving the manufacturing license. We look at the tax incentives. We look at the corporate tax exemption, of course, that comes with the tax incentive, custom duty exemption. And finally, we also look at visa facilitation for the relocation of projects and expatriates coming into Malaysia. Now with that, we can also offer linking them up to contract manufacturers or even outsourcing arrangements because Malaysian companies are also gone along way into building a strong ecosystem and can be a potential supply chain.

Rob: Any examples of companies that might have done shift to Malaysia?

Nelson: Well, yeah. I have lots of them. I cannot say for sure that they are all shifted out but it definitely did have expanded from wherever they are basically. And these companies come from many regions around the world. To start with, let me focus U.S. first because I’m based here. So, you know, last year, we had Lam research, L.A.M. LAM Research, they are into wafer fabrication equipment for the conductor industry. We’re very happy to say they made Malaysia their home. Besides U.S., we also have approved projects from Europe. Maybe for example, Smith & Nephew. Also in the medical devices industry sector. And then, we have also approved investments from Japan and Korea as well in a variety of industries, from metal, fabricated metal, transport automotive, electronics, and glass industries,

Rob: Nelson Samuel, I want to thank you that was extremely informative.

Nelson: Thank you for this opportunity.

Rob: Thank you Nelson. Thank You

Nearshoring -A Solution to Global Chain Crisis?

As companies are looking to be closer to the American Market, one of those countries to look at is Mexico.

Rob: So, hello to Maria Elena, president and founder CEO of Collectron. Thank you for joining us today on our show. How are you today?

Rob: I am doing great Maria. Thank you for coming today. And thank you for joining our show.

Nowadays with all the companies that are looking for alternatives other than China, have you seen the increase in Mexico and the manufacturing, and as many people approaching your company now to help them resort or nearshore into Mexico?

Maria: Well, what was happening today with us after the pandemia more than new companies who are looking into Mexico. There’s been a lot of organic growth that other companies were manufacturing in other parts of the world. Those companies are already established in Mexico have a large growth.

Rob: That’s great! So, is there any particular sectors Maria, that are more popular than others.

Maria: Maybe what we are seeing is the electronic business, PC board, medical devices.

What Makes Mexico a Solution to Global Supply Crisis?

More than the aerospace business because the aerospace business again because of the pandemia, it is, it’s a kind of had to hold on the growth of coming into Mexico. We’re neighbors to the most powerful country in the world. And the cost of manufacturing is much lower. As soon as you come into Mexico, you have a 20 % increase in your efficiency and productivity because we work at 48-hour aweek, instead of like in the state’s 40-hour week. There are many advantages, you know, like the labor cost.

Rob: Have you seen any Chinese companies move into the marketplace that don’t take advantage of Mexico?

Maria: Any Chinese? Oh, yes, absolutely. We had that too that showing our company two years ago, and in 2019 because of the sanctions that they are having in the United States of their duties and the ACH of 20 to 30%. So just around 101 companies, are moving into Mexico 15 different states throughout Mexico for supply change.

Rob: What would you see is a solution?

Maria: Mexico.

Rob: Good answer. Good answer.Thank you. Thank you so much for me. I much appreciate it.

Maria: You’re welcome. Robert. Thank you so much for giving me the space.

Rob: Thank you for watching our first episode of my news channel show. On our next show, we will be talking about the agriculture sector around the world. I am Rob Arthur, your host. Thank you for joining us.