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Ministry of International Trade and Industry Malaysia Official Blog

Tag Archives: Malaysia

Malaysia-OIC bilateral trade to rise 19% this year
November 18, 2015 , by vox vox

KUALA LUMPUR: Bilateral trade between Malaysia and the Organisation of Islamic Cooperation (OIC) countries is expected to rise by 19% by the end of this year and by 25% next year, said International Trade and Industry (Miti) Minister Datuk Seri Mustapa Mohamed.

“Today, OIC countries’ share of global merchandise trade is still low. We are still trading with other countries (non-Islamic nations).

“Because of this, Malaysia has successfully signed a bilateral free trade agreement (FTA) with Turkey and Pakistan as a catalyst to boost bilateral trade between the Muslim nations,” he said.

He said Muslim nations had much to offer to the world, as they always had, from knowledge and resources to culture and products.

“And now, the Muslim world also has big opportunity in the halal economy and in trade and investment in halal goods and services.

“This opportunity should not be missed by OIC nations as many non-Islamic nations are already seeing the profit in this industry...

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Cement Industry To See Reasonable Growth - Mustapa
November 18, 2015 , by vox vox

KUALA LUMPUR, Oct 21 (Bernama) — The cement industry is expected to see reasonable growth in the next two to three years on the support from the major government infrastructure development projects.

Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed, said the construction sector recorded between five and six per cent growth for the past few years.

“Although demand for high-end residential units had softened, the government is continuously pushing to spur construction in the form of affordable housing, the Refinery and Petrochemical Integrated Development and Mass Rapid Transit projects, among others,” he told reporters at the 50th Anniversary of Cement and Concrete Association (C&CA) here Wednesday.

He said these projects were the major consumers of cement.

Mustapa said the prospects of the industry would continue to be good for cement and construction sector as a whole.

Meanwhile, C&CA Chairwoman, Datuk Yeoh Soo Keng, said the association hoped the...

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Budget: Miti Hopeful Of Boost In Economic Growth & Trade Figures From Budget 2016
November 18, 2015 , by vox vox

KUALA LUMPUR, Oct 22 (Bernama) –The Ministry of International Trade and Industry hopes the Budget 2016 will help boost economic growth and trade figures.

This is amid the uncertainty in the global market due to the fall in the oil prices and weakening of the ringgit, said its Minister Datuk Seri Mustapa Mohamed.

The budget will be tabled by Prime Minister Datuk Seri Najib Tun Razak in Parliament tomorrow.

Mustapa was also hopeful that more focus would be given to small and medium enterprises (SMEs) - the backbone of the country’s economy - in the budget with new plans and strategies to enhance exports.

Mustapa said this was also due to the competition the country is facing.

He told reporters this during a briefing and memorandum of understanding signing ceremony.

In an effort to encourage more Malaysian food manufacturers obtain the Hazard Analysis Critical Control Points (HACCP)certification, the Malaysia External Trade Development Corporation (Matrade) is collaborating...

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Malaysia-China Trade To Rise To US$110 Billion In 2015, Says Matrade
November 18, 2015 , by vox vox

KUALA LUMPUR, Oct 12 (Bernama) — Malaysia External Trade Development Corporation (Matrade) expects total trade between Malaysia and China to increase to US$110 billion (US$1 = RM4.17) this year from US$102 billion last year.

Matrade Chief Executive Officer Datuk Dzulkifli Mahmud said the increase would be driven by a commitment made by both nations to increase two-way trade to US$160 billion by 2017.

“Despite the current economic challenges, China remains our important trading partner whereby during the first eight months of this year, our trade with China increased 9.6 per cent to RM147.55 billion.

“Our exports to China rose 9.3 per cent to RM65.17 billion while imports rose 9.8 per cent to RM82.18 billion,” he told a press conference after officiating the “Leveraging on Renminbi to Enhance Exports to China” seminar here Monday.

The half-day seminar was organised by Matrade as part of its effort to encourage local companies to use renminbi in their trade with China...

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APEC Needs To Grow Ecosystem To Support Enterprise Creation - Ahmad Maslan
October 15, 2015 , by admin2

KUALA LUMPUR, Sept 26 (Bernama) — The Asia-Pacific Economic Cooperation (APEC) needs to build an ecosystem that supports enterprise creation and improves the environment for innovation, as well as facilitates financial inclusion for start-ups, Deputy Minister of International Trade and Industry Datuk Ahmad Maslan said.

He said Malaysia recognises the vital role of micro, small and medium enterprises (MSMEs) in bringing new ideas to the market and fostering innovation.

Ahmad highlighted Malaysia’s initiatives for modernisation and automation of MSMEs, including focusing on the Soft Loan Scheme for Automation & Modernisation (SLSAM).

SLSAM seeks to encourage MSMEs in Malaysia to embrace automation and modernisation of their businesses.

“We further applaud the Philippines for putting the MSMEs at the forefront of its priorities this year, and we fully support the ‘APEC Iloilo Initiative’ which complements the ‘Boracay Action Agenda’ in promoting conducive policy,...

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Next round of industrial revolution
October 15, 2015 , by admin2

E-commerce is another avenue to grow businesses, and both Malaysian and Chinese SMEs are taking advantage of it.

THE 12th China-Asean Expo (Caexpo) in Nanning, Guangxi province concluded on Monday (Sept 21), after four days of trading and business matching.

A billboard near the venue advertised: “You are just one handshake away from the market of 1.9 billion people,” referring to the combined pop­u­lation of 1.3 billion from China and 620 million from 10 Asean cou­ntries.

The Malaysian pavilion was the busiest at the Caexpo.

Visitors thronged the hall for the food and beverages, health and wellness products, lifestyle products and other services offered by the exhibitors.

While goods changed hands and meetings between potential partners took place under the Jalur Gemilang hanging from the hall ceiling, small and medium enterprises (SMEs) were encouraged to give e-commerce a try.

International Trade and Industry Minister II Datuk Seri Ong Ka Chuan, who opened the...

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MIDA Opens Third Office In China
October 13, 2015 , by admin2

BEIJING, Sept 9 (Bernama) — The Malaysian Investment Development Authority (MIDA) on Tuesday opened its third office in China to further woo investments.

Malaysian Minister of International Trade and Industry, Mustapa Mohamed, said the office, after Shanghai and Guangzhou, was to serve and facilitate Chinese investors amid their strong interests to invest in Malaysia.

He said the office would enhance MIDA’s efforts to attract Chinese companies to invest in Malaysia as well as act as a resources centre for interested companies looking for business and investment opportunities in Malaysia.

“China is a very important country for Malaysia and we hope the new office would further attract their investments,” he told reporters after officiating MIDA’s office here Tuesday.

Mustapa said the Chinese companies had strong presence in Malaysia’s construction industry as well as in property, manufacturing, services and ports.

He said Malaysia had seen an increase in investments...

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Malaysia Sasar Eksport Lebih Banyak Produk Pertanian Ke Turki
October 13, 2015 , by admin2

KUALA LUMPUR: Perbadanan Pembangunan Perdagangan Luar Malaysia (Matrade) menyasarkan untuk meningkat eksport barangan pertanian ke Turki tahun ini, diperkukuh oleh permintaan yang semakin meningkat ke atas buah-buahan tropika di negara itu.

Pesuruhjaya Perdagangan Matrade di Istanbul Idzham Abd Hamid berkata buah-buahan tropika seperti nanas, belimbing dan buah naga, mendapat permintaan tinggi di Turki.

Istanbul kini mengimport sebagaian besar buah-buahan tropika dari Belanda.

“Kita patut merebut peluang untuk mengeksport (lebih banyak) buah-buahan tropika kita ke negara itu,” katanya kepada pemberita di uar seminar Perjanjian Perdagangan Bebas (FTA) Malaysia-Turki, di sini, Rabu.

 

Eksport utama Malaysia ke Turki bagi tempoh Januari hingga Julai 2015 terdiri daripada barangan pertanian, dengan dagangan bagi segmen itu bernilai  RM386 juta, diikuti barangan pembuatan (RM1.2 bilion) dan barangan perlombongan  (RM3.3 juta).

Seminar bertema ‘Memanfaatkan FTA...

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Program Groom Big Beri Peluang Pengusaha Bumiputera Kembang Sayap Ke Timur Tengah/AS Sep 21st, 2015 by miticoms
October 13, 2015 , by admin2
NANNING, 20 Sept (Bernama) — Selepas China, Program Groom Big yang dikendalikan atas usaha sama Kementerian Perdagangan Antarabangsa dan Industri (MITI), MATRADE dan SIRIM, bakal memberi peluang kepada pengusaha Bumiputera untuk mengembangkan sayap mereka ke pasaran Timur Tengah dan Amerika Syarikat. Pengarah Pembangunan Perniagaan Bumiputera MITI Bahria Mohd Tamil berkata buat masa ini, sektor yang diberi fokus ialah produk berasaskan makanan halal. “Buat masa ini, memang kita mahu fokus pada makanan halal dahulu. Baru-baru ini, majlis ekspo kebangsaan memutuskan supaya produk halal diperkenalkan bagi meningkatkan eksport kita dalam usaha menangani situasi ekonomi semasa,” kata Bahria kepada media Malaysia di Ekspo China-ASEAN (CAEXPO) 2015. Beliau turut berharap dapat menambah penyertaan syarikat Bumiputera di bawah program ini ke CAEXPO tahun depan jika sambutan tahun ini menggalakkan. “Setakat hari pertama, sejumlah RM15,000 transaksi jualan tunai berjaya dikumpul, dan... Read More
Halal Ingredients Asia 2015 Set To Give Industry A Boost
October 13, 2015 , by admin2

KUALA LUMPUR, Sept 22 (Bernama) — Halal Ingredients Asia 2015, touted as Asia’s first event platform for halal food and personal care ingredients industry, opened its doors on Monday.

The three-day event represents the region’s best gathering and market place for halal ingredient professionals and industry players in providing thought leadership to further accelerate and enhance the development of the industry.

Halal Development Corp (HDC) Chief Executive Officer, Datuk Seri Jamil Bidin, said the event would focus on several components to give a whole new perspective and opportunities via a conference, exhibition and business-to-business (B2B) networking.

“It will also enhance opportunities for trade and investment as well as for local halal ingredient players to be exposed to international buyers,” he told the media on the sidelines of the event opened by Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi here.

Jamil said the manufacturers, distributors and...

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