Malaysia expected to move into more non-traditional markets next year

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Malaysia External Trade Development Corp (Matrade) is expected to create a better platform for local exporters to move into non-traditional markets that would boost growth of the country’s total trade.

Matrade CEO Dr Mohd Shahreen Zainooreen Madros (picture) said the agency’s upcoming trade programmes have been directed towards more trade in new markets including Uganda, the Middle East and Central Asia.

He said the areas that could be focused towards the new direction include six sectors which are the backbone of the economy, along with potential sectors such as aerospace, creative industries — films and animations — as well as fashion.

“The halal sector has been strong for us and we will try to capitalise more on that by leveraging on what we have, such as the Malaysia International Halal Showcase.

“We intend to explore more on Islamic finance and Islamic lifestyle — which include pharmaceuticals and fashion,” he said at a media briefing after announcing the agency’s work programme for 2019 in Kuala Lumpur yesterday.

Read the full story at the Malaysian Reserve.

The views expressed in this article are the author’s own and do not necessarily reflect Saray Consultancy’s editorial stance.

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