CAEXPO A GATEWAY TO BOOST TRADE
Shipments between Malaysia and China expanded by 27.7pc to RM163.02b in first half
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.