In 2010 the Malaysian Government presented the New Economic Model and the 10th Malaysian Economic Plan to facilitate Malaysia's transition to become a high-income economy by the year 2020. This economic model advocates the need to enhance the role of the private sector and re-focus the Government's role in the economy as a facilitator and enabler.
Malaysia's policy of liberalisation with regard to its services sector, has led to increased opportunities for trade in services.
When a free trade agreement is concluded between the EU and Malaysia, the trade between the two parties is expected to increase even further