KUALA LUMPUR, June 21 (NNN-Bernama) — The Malaysia External Trade Development Corporation (MATRADE) and the National Aerospace Industry Corporation Malaysia (NAICO) have collaborated to spearhead the Malaysia Pavilion at the world’s top aerospace and aviation event in Paris.
In a statement, MATRADE said the national pavilion is showcasing 14 Malaysian exhibitors, including companies, state investment promotion agencies, and the Malaysia Aerospace Industry Association (MAIA) at the 54th International Paris Airshow (IPAS) 2023.
“The Malaysian delegation aims to demonstrate its commitment to sustainability, innovation, advanced manufacturing technologies, and to support the stability of the global supply chain,” it said.
Organised by the Salon International de l’Aéronautique et de l’Espace (SIAE), a subsidiary of the French Aerospace Industries Association (GIFAS ), the event is currently taking place from June 19-25, 2023 at the Le Bourget Parc des Expositions.
Under the leadership of the Investment, Trade and Industry Ministry (Miti), MATRADE and NAICO, the Malaysia Pavilion provides a dynamic platform for Malaysian aerospace companies to expand their global presence and explore strategic opportunities for technological development.
The IPAS 2023 is a biennial trade show and has attracted major players such as Airbus, Boeing, Embraer, and Bombardier.
MATRADE chief executive officer Mohd Mustafa Abdul Aziz said the Malaysian aerospace sector plays a vital role in driving the country’s advancement in innovation and technology as well as high-value exports.
It is a key focus area outlined in the 12th Malaysia Plan and the Malaysian Aerospace Blueprint 2030.
“With a well-established industry and strong capabilities in aircraft assembly and maintenance, Malaysia boasts one of the largest aerospace sectors in Southeast Asia.
“Supported by a skilled workforce, MATRADE is always committed to generating more opportunities for Malaysian aerospace companies to capitalise on the demand of the global aerospace market,” he said.
In terms of trade performance, the aerospace industry in Malaysia recorded a total trade of RM24.04 billion (US$1=RM4.65) in 2022, with exports increasing by 9.1 per cent to RM6.32 billion compared with RM5.79 billion in 2021.
Malaysia’s top exports for the aerospace sector include parts for planes or helicopters, aircraft and aircraft parts among others.
France, the United States (US), the United Kingdom (UK), China, and Singapore were Malaysia’s major export destinations last year.
Notably, Malaysia experienced a remarkable increase of 99.1 per cent in exports to France, reaching RM1.78 billion.
“We project annual revenue of RM55.2 billion and the creation of over 32,000 high-income jobs as stipulated in the Malaysian Aerospace Blueprint 2030,” Mohd Mustafa added.
— NNN-BERNAMA
