CAEXPO A GATE­WAY TO BOOST TRADE

Ship­ments be­tween Malaysia and China ex­panded by 27.7pc to RM163.02b in first half

New Straits Times - - Business / News - ARFA YUNUS NAN­NING news@nst.com.my

MALAYSIA’S par­tic­i­pa­tion at the 14th China-Asean Expo (Caexpo) is one of the coun­try’s strate­gies to en­ter China’s large mar­ket, as well as to strengthen the trade be­tween the two coun­tries.

Malaysia Ex­ter­nal Trade De­vel­op­ment Cor­po­ra­tions (Ma­trade) chief ex­ec­u­tive of­fi­cer Dr Mohd Shahreen Zain­ooreen Madros de­scribed Caexpo as a huge di­men­sion for lo­cal com­pa­nies.

“With our good re­la­tion­ship be­tween Malaysia and China, we can take a lot of mileage to build a bet­ter re­la­tion­ship and help pro­mote our in­dus­try in China,” he said at Caexpo 2017, here, yes­ter­day.

Since Malaysia’s par­tic­i­pa­tion in the Caexpo in 2004, Shahreen said Malaysian com­pa­nies had been able to grow, adding that sup­port from vis­i­tors on the first day had been good.

“Ma­trade has been ar­rang­ing a lot of busi­ness meet­ing ses­sions. Ma­trade had a sign­ing cer­e­mony with China Post and KCO Lo­gis­tics and Dis­tri­bu­tion Ser­vices Sdn Bhd to help build a sus­tain­able ecosys­tem for Malaysia’s in­dus­try to pen­e­trate China.

“Malaysia’s strat­egy to en­ter the Chi­nese mar­ket is also via par­tic­i­pa­tion in the ‘Belt and Road’ ini­tia­tive by the Chi­nese govern­ment,” he added.

The four-day expo, which is or­gan­ised an­nu­ally, here, is a plat­form to pro­mote co­op­er­a­tion be­tween China and Asean in trade, in­vest­ment and tourism.

The theme for this year’s Caexpo is “Jointly Build the 21st Cen­tury Maritime Silk Road, Pro­mote Re­gional Eco­nomic Integration through tourism”.

Trade be­tween Malaysia and China ex­panded by 27.7 per cent to RM163.02 bil­lion in the first half of the year, with higher im­ports from China such as petroleum prod­ucts, elec­tri­cal and elec­tronic prod­ucts, as well as ma­chin­ery, equip­ment and parts.

Malaysia Ex­ter­nal Trade De­vel­op­ment Cor­po­ra­tions chief ex­ec­u­tive of­fi­cer Dr Mohd Shahreen Zain­ooreen Madros (cen­tre) at the 14th China-Asean Expo 2017 in Nan­ning yes­ter­day.

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