01. Introduction - Man - Introduction The agriculture...

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Introduction The agriculture sector provides a sizable contribution to the country’s exports, supplies inputs for the food and beverage industry, and plays an essential role in ensuring national food security. New technologies, policies and human capital management will be key to the sector’s future agribusiness transformation. The agriculture sector plays an important role in Malaysia’s economic development. Beyond its contribution to gross domestic product (GDP), it also provides job opportunities and elevates incomes in rural areas while helping to ensure national food security. The sector comprises various sub-sectors including oil palm, rubber, livestock, forestry and logging, fisheries, aquaculture and other agriculture (paddy, fruits, vegetables, coconut, tobacco, tea, flowers, pepper, cocoa, and pineapple). At a time of high global demand for agricultural products due to the growing world population and a strengthening world economy, Malaysia’s agriculture sector has a great opportunity to expand its contribution to national income and to support the ringgit’s foreign exchange valuation . Agriculture remains an important sector of Malaysia's economy, contributing 12 percent to the national GDP and providing employment for 16 percent of the population The agriculture sector should gain a significant cost advantage with the implementation of Malaysia’s Goods and Services Tax (GST) on 1 April 2015. Since major agriculture sub-
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