Trade with NAM countries risen over the decade

  • Business
  • Wednesday, 19 Feb 2003

TRADE between Malaysia and member countries of the Non-Aligned Movement (NAM) has increased over the last decade from RM61bil in 1992 to RM194.7bil in 2002, said Minister of International Trade and Industry Datuk Seri Rafidah Aziz. 

“Exports in 2002 were valued at RM115.4bil while imports were valued at RM79.3bil,” she said in her speech at the official opening of Showcase Malaysia 2003 and Malaysia Tourism Fair 2003 in Kuala Lumpur yesterday. 

Rafidah said Showcase Malaysia and Malaysia Tourism Fair, held to coincide with the XIII NAM Summit, would serve to enhance business and tourism linkages among the NAM member countries. 

She said Showcase Malaysia would be a focal point during the NAM Summit, for international and local business representatives to establish contacts and forge business links. 

Showcase Malaysia covers an exhibition area of 14,000 sq ft and will exhibit products and services of more than 500 companies. 

One of the exhibitors, integrated infrastructure developer, YTL Group of companies, sees Showcase Malaysia as a means for the company to share its experience in infrastructure development with the rest of the NAM member countries, group customer service executive director Eric Eoon said. 

The Malaysian Tourism Fair has over 59 participants including hoteliers, retail chain operators and fashion designers.  

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