Ex­pand­ing con­nec­tions

Dünya Executive - - BUSINESS -

The Malaysian econ­omy, which has a very small do­mes­tic mar­ket, is pre­dom­i­nantly based on for­eign trade. Trad­ing with more than 200 coun­tries, Malaysia has re­lied on tra­di­tional mar­kets such as the U.S., China, Sin­ga­pore, Ja­pan and Korea for many years. But now the coun­try wants to fo­cus on this part of the world, in­clud­ing Tur­key and East­ern Europe. MATRADE Ex­port Pro­mo­tion and Mar­ket Ac­cess Di­vi­sion Se­nior Di­rec­tor Abu Bakar Yu­sof said that Tur­key is among the fastest grow­ing pri­or­ity mar­kets in this re­gion. There are un­touched ar­eas in terms of trade, he re­marked. “Palm oil used in the food and per­sonal care in­dus­tries and polyester for use in tex­tiles and med­i­cal gloves are the prod­ucts we mostly sell to Tur­key. For new ar­eas, we are look­ing at co­op­er­a­tion in de­fense, avi­a­tion, au­to­mo­tive, med­i­cal equip­ment and ed­u­ca­tion.”

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