KUALA LUMPUR: The Malaysia External Trade Development Corporation (Matrade) has urged Malaysian small and medium enterprises (SMEs) as well as mid-tier companies to fully leverage on the perks announced in Budget 2020 by incorporating an export plan in their business strategy or enhancing their existing export plan for 2020 and beyond.
In a statement yesterday, the national trade promotion agency highlighted incentives such the Market Development Grant with a higher claim ceiling per company of RM300,000, reimbursable grant for participation in trade fairs overseas with a higher claim ceiling of RM25,000 and an allocation of RM50mil to encourage SMEs to engage in more export promotion activities.