KUALA LUMPUR, April 26 (NNN-Bernama) — Malaysia’s first trade and investment mission to South Korea and Japan amidst the pandemic and global challenges has generated export-related transactions worth RM986.15 million.<\/p>\n\n\n\n
During the six-day mission which ended on April 6, a series of business discussions on sourcing of products and services were held, involving premium buyers and leading companies from both countries.<\/p>\n\n\n\n
\u201cAbout RM70 million of exports in products and services to South Korea were reported following the meetings with buyers from the country,\u201d said Malaysia External Trade Development Corporation (Matrade) in a statement Monday.<\/p>\n\n\n\n
It added that one of the meetings involved South Korea\u2019s major retailer, GS Retail, operator of more than 15,000 convenience stores and 289 supermarkets.<\/p>\n\n\n\n
Members of the trade mission also held meetings with Japanese companies that trade in a wide range of products and materials, such as Mitsubishi Corporation, Mitsui & Co and Daiso.<\/p>\n\n\n\n
\u201cCommitments were made to increase sourcing of fast-moving consumer goods, palm oil, halal products and services, as well as chemicals and chemical products from Malaysia,\u201d said Matrade.<\/p>\n\n\n\n
It added that the meeting with Daiso aimed to provide Malaysian exporters with the opportunity to supply more Malaysian products.<\/p>\n\n\n\n
Matrade said the Japanese buyers expressed their commitment to purchase from Malaysia over the next 24 months, with an export value of RM916.15 million.<\/p>\n\n\n\n
During the mission, Matrade also signed a Memorandum of Cooperation with the Japan External Trade Organisation to strategically strengthen Malaysia\u2019s trade promotion cooperation with Japan in areas such as halal, information and communications technology, e-commerce and digital transformation.<\/p>\n\n\n\n
The delegation was led by Senior Minister cum Minister of International Trade and Industry, Mohamed Azmin Ali.<\/p>\n\n\n\n
— NNN-BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"
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