Malaysia-Thailand bilateral trade on track to reach US$30bil next year


BANGKOK: Malaysia and Thailand are on track to reach their US$30 billion bilateral trade target next year, driven by strong trade performance and progress in the first eight months of 2026.

Malaysian Ambassador to Thailand Datuk Wan Zaidi Wan Abdullah said a series of meetings were held with various parties to facilitate exports and imports between the two countries.

However, he said product documentation remains a major barrier for Malaysian exports entering the Thai market.

"Therefore, I hope that the relevant Malaysian authorities can assist product manufacturers in preparing the necessary documentation, particularly in terms of product verification and other requirements, for approval, marketing, or entry into Thailand.

"We want to ensure that exports and imports meet the required standards of both countries, while at the same time ensuring that the process does not create unnecessary difficulties for importers and exporters,” he told reporters at the Vitafoods Asia 2026 exhibition here yesterday.

Wan Zaidi said technical groups from Malaysia and Thailand will continue discussions to reach an agreement on measures to facilitate bilateral trade.

Wan Zaidi also visited several booths operated by Malaysian companies at the exhibition.

He said Malaysian participating companies have strong capabilities to produce health and wellness products and are able to supply products to various international companies because they meet local market requirements.

"There are also companies that have only recently entered the Thai market. Many Thai health-product manufacturers are constantly looking for good sources and quality products and for product development. So I do not think it will be too difficult for them.

"In fact, most Malaysian manufacturing companies are prepared to produce original equipment manufacturer (OEM) or original design manufacturer (ODM) products. They can also conduct joint research to develop and manufacture products that meet their market requirements,” he said.

Vitafoods Asia 2026, held from Sept 2- 4, 2026, at the Queen Sirikit National Convention Centre (QSNCC), brought together more than 800 companies from 40 countries in the nutraceutical and functional food industries. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

'New new three' power China's trade
ACE market-bound Evocom aims to raise RM20.5mil from IPO
RNG Tech inks deal to expand massage chair network at Lotus’s Thailand
Kerjaya Prospek bags RM858mil data centre contract in Johor
Australian dollar hovers near 13-year high on kiwi as rate outlooks diverge
FBM KLCI extends gains as investors await Bank Negara rate decision
China yuan hits 3-1/2-year high as yen strength weighs on dollar
Nestle to build infant formula plant in Brazil as part of US$393mil investment
S&P Global: Asean manufacturing growth eases slightly to 52.3 in August
Japan services growth hits five-month high, PMI shows

Others Also Read