Consular relations between Malaysia and the Republic of China (ROC) (Taiwan) was established in 1960’s. However following the end of diplomatic relations between Malaysia and the Republic of China (ROC) on 31 May 1974, the Consulate Office in Taipei was closed down. Malaysia’s presence in Taiwan was represented by the Malaysia Airlines System (MAS) in 1979. In October 1983, a Trade Office was set up and led to the establishment of the Friendship and Trade Exchange Centre (FTEC). Visa Division joined FTEC later in 1985.
Economically – In 2012, Malaysia was Taiwan 8th largest trading partner and total trade amounted to USD15.2 billion. Substantial portion of total trade is made up of LNGs and electrical machinery and equipment (imports of LNG from Malaysia 34.1%; exports of electrical equipment to Malaysia 51.14%). For the period of 2002-2012, Taiwan was 10th largest foreign investor with investments amounting to USD2.0 billion on in 520 projects.
Tourism – Taiwanese tourist arrivals in Malaysia in 2012 increased by 3.7% from 2011. The 242,519 visitors surpassed the 230,000 target set up Tourism Malaysia office in Taipei. Average length of stay for Taiwanese is 6.2 nights. Kota Kinabalu is a popular destination among Taiwanese. A total of 809 Taiwan citizens were involved in MM2H program from 2000 to 2012. For 2013, so far 91 Taiwanese have participated in the MM2H program where most of them had purchased high-end properties in Kuala Lumpur, Melaka and Penang.