AEC helps boost Malaysian exports

  • Economy
  • Tuesday, 11 Jul 2017

KUALA LUMPUR: Malaysia’s exports have increased after the establishment of the Asean Economic Community (AEC) in 2015, with total exports to Asean markets rising to RM230.93bil in 2016 from RM213.4bil in 2014.

Malaysia External Trade Development Corp (Matrade) Asean Unit Director, Raja Badrulnizam Raja Kamalzaman, said the association had eliminated many trade barriers, and trade among the countries should grow further as their economies continued to develop.

“Asean governments have been working together to formulate strategies to increase exports of services, especially for small and medium enterprises (SMEs).

“As such, SMEs will have bigger opportunities to penetrate the global market, and are expected to account for 30% of total trade in AawN by 2020, driven by AEC initiatives,” he told reporters at SME Export Day press conference here today.

Meanwhile,  Raja Badrulnizam said, Matrade, together with PanPages Bhd , would be organising the SME Export Day on Aug 9, 2017, in an effort to boost SMEs’ interest in exports and provide a platform where they would be able to get practical advice from trade experts.

He said the event would offer the most complete guide on exports to aspiring exporters and Malaysian SMEs planning to expand their businesses globally.

“About 1,000 decision-makers from export-ready SMEs are expected to attend the event,” he said. - Bernama

Economy , Matrade , exports