Zafrul optimistic trade will stay above RM2 trillion


Taking a closer look: Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah (second from right) receiving a memento from Tengku Zafrul (right) at the Golf KITA 2025 event at the Glenmarie Golf Club, as Fadillah (second from left) and Amirudin (left) look on. — Bernama

SHAH ALAM: Malaysia’s international trade is expected to grow this year and remain above RM2 trillion despite global challenges from its main trading partners, said Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

The Investment, Trade and Industry Minister said the optimism is based on the assumption that the country’s economy would continue to expand, despite a potential slowdown in the Chinese economy and the United States’ new policies.

“Given the current global situation, if conditions worsen – though unlikely due to our economic trajectory – we will continue to achieve trade growth,” he told reporters after attending Golf KITA 2025 here today.

The growth in exports and imports drove Malaysia’s total trade for 2024 up 9.2% to a new record high of RM2.879 trillion.

This also marks the fourth consecutive year that the country’s total trade recorded above RM2 trillion.

“Our target is to maintain the RM2 trillion we achieved last year. We still expect positive growth in our economy,” said Tengku Zafrul, reported Bernama.Golf KITA 2025 is a fundraising event dedicated to welfare, research and knowledge-building initiatives for underprivileged communities.

Sultan of Pahang, Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah, also attended the event.

Also present at the event were Deputy Prime Minister Datuk Seri Fadillah Yusof and Selangor Menteri Besar Datuk Seri Amirudin Shari.

Tengku Zafrul said the initiative was just the beginning, and more communities would benefit from the generosity and spirit of giving showcased at Golf KITA 2025.

Golf KITA 2025 was organised by the South-East Asian Futures Initiative Centre (SEAFIC), Yayasan TZA and Kelab Perkaderan.

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