4 days ago
Matrade supports RM2.09 trillion export target by 2030
Matrade chairman Datuk Seri Reezal Merican Naina Merican.
KUALA LUMPUR: The Malaysia External Trade Development Corporation (MATRADE) supports the country's gross export growth target, averaging 5.8 per cent annually, to reach RM2.09 trillion by 2030.
In a statement today, it said it will continue to play a strategic role in expanding global trade networks and intensifying export promotion in high-impact sectors aligned with MADANI economic principles.
MATRADE chairman Datuk Seri Reezal Merican Naina Merican said the agency's initiatives will be coordinated to support the government's aspirations under the 13th Malaysia Plan (13MP).
"Priority will be given to strengthening the nation's export competitiveness by empowering micro, small, and medium enterprises (MSMEs), exploring new markets, enhancing product innovation, and adapting to an increasingly complex and challenging global trade landscape by embracing digital and sustainable business models."
"These efforts align with the 13MP's aspirations, which emphasise the importance of driving economic growth via increasing exports, strengthening economic inclusivity, and incorporating technology and innovation in strategic sectors," he said.
Meanwhile, MATRADE chief executive officer Datuk Seri Mohd Mustafa Abdul Aziz said the export promotion programme focuses on key sectors such as electrical and electronic goods, halal, digital, agriculture, franchised products, and services.
"These efforts also leverage MATRADE's network of overseas offices to help Malaysian companies effectively foray into international markets," he added.
According to MATRADE, expanding export matching programmes, foreign market guidance, and the provision of capacity-building programmes such as seminars, workshops, and related courses will be implemented for MSMEs.
It will also take strategic steps in planning export development and promotion programmes that align with government aspirations, particularly in developing high-growth, high-value industries. These include the electrical and electronics sector, games and digital animation, halal products, modern agriculture, global services and franchising.
"MATRADE will focus on exploring new high-potential markets such as South America, Africa, the Middle East and Eastern Europe, involving more participation in free trade agreements, business matching programmes and export acceleration missions.
"The introduction of the National Trade Blueprint 2.0 will serve as a new strategic roadmap document to coordinate policies, enhance implementation efficiency, and strengthen the export ecosystem," he said. - Bernama
