MATRADE to ramp up promotion in new markets

KUALA LUMPUR, The Malaysia External Trade Development Corporation (MATRADE) is ramping up products promotion in new markets while expanding into existing and traditional markets.

The traditional markets are the United States, China and Europe.

MATRADE chief executive officer Datuk Wan Latiff Wan Musa said MATRADE was also looking to diversify traditional export products for the country to include electrical and electronic components, and healthcare and medical devices, among others.

Currently, we have furniture and rubber gloves as Malaysia’s traditional export products, he told reporters after distributing bubur lambuk to MATRADE staff, here today.

Commenting on the performance of the country’s economy which grew 4.5 per cent in the first quarter of 2019, Wan Latif envisaged improved exports going forward with the baseline projection for the Malaysian economy to grow between 4.3 and 4.8 per cent for the year.

We have to admit, in the first quarter, February’s performance was not good due to shorted weeks and long holiday season, thus we need to perform better in the quarters to come to counter the situation in the first quarter, he added.

Source: BERNAMA (News Agency)