Chamber: M’sia-Germany trade to expand 10% this year

KUALA LUMPUR: The bilateral trade between Malaysia and Germany is expected to grow at least 10% this year from RM44.038bil registered last year.

Executive Director of the Malaysian-German Chamber of Commerce and Industry (MGCC) Alexander Stedtfeld said signs of recovery in the European debt crisis as well as the vibrancy in the Malaysian economy, being part of booming Asean economies, were the main factors for the optimistic target.