KUALA LUMPUR, Nov 25 (NNN-BERNAMA) — Malaysia External Trade Development Corporation (MATRADE) has identified various Malaysian products which could potentially fill in the gaps arising from the United States-China trade conflict.<\/p>\n\n\n\n
Deputy chief executive officer Mohd Mustafa Abdul Aziz said the product categories include electrical and electronics (E&E), machinery and equipment, optical and scientific products, petroleum as well as chemicals and chemical products.<\/p>\n\n\n\n
“Malaysia companies should be more proactive in navigating trade tension challenges to expand their business wisely,” he said in a speech at the 2nd China- Malaysia ‘Belt & Road’ Shaanxi Trade expo here, today.<\/p>\n\n\n\n
He said the Belt & Road Initiative (BRI) presented opportunities for the Malaysian business community to tap into smart partnerships, collaborations and joint ventures, among others.<\/p>\n\n\n\n
“The initiative is extremely beneficial, not only for Malaysia and China, but also other countries along the BRI, especially in outbound capital projects and infrastructure.<\/p>\n\n\n\n
“Companies from Shaanxi could forge a win-win partnership in many areas such as supply equipment, technology, engineering, procurement and construction,” he said.<\/p>\n\n\n\n
Mohd Mustafa said Malaysian companies are open to form strategic partnerships with Chinese companies to jointly undertake projects in Malaysia, China and countries along the BRI.<\/p>\n\n\n\n
He said Malaysian companies should also use Shaanxi as a gateway to northwestern China, adding that it is the most populated and developed province in the region.<\/p>\n\n\n\n
“There are areas with opportunities that we can collaborate on, such as aerospace parts and components, E&E, commodities like palm oil, rubber and timber, consumer products as well as services including healthcare, education, retailing and franchising,” he said.<\/p>\n\n\n\n
He added that Shaanxi can also serve as a springboard for Malaysian halal exporters to tap into the 400,000 Muslim population in western China.<\/p>\n\n\n\n
From January to September 2019, trade with China stood at US$55.36 billion (US$1=RM4.18), with exports at US$24.13 billion and import at US$31.23 billion.<\/p>\n\n\n\n
“China was the biggest contributor of approved foreign investments into the manufacturing sector last year at US$4.8 billion,” he said, adding that in 2018, the total trade value between Malaysia and China reached a historic high at US$108.6 billion.<\/p>\n\n\n\n
“Moreover, 2019 is a special year as it marks the 45th anniversary of diplomatic relations between Malaysia and China,” he noted.<\/p>\n\n\n\n
Meanwhile, China Council for the Promotion of International Trade Shaanxi Sub-Council vice-chairman Wu Fu Jie said hoped Malaysia businesses will be able to take this opportunities to enter Shaanxi, in order to enhance Malaysia-China friendship with the expo.<\/p>\n\n\n\n
— NNN-BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"
KUALA LUMPUR, Nov 25 (NNN-BERNAMA) — Malaysia External Trade Development Corporation (MATRADE) has identified various Malaysian products which could potentially fill in the gaps arising from the United States-China trade conflict. Deputy chief executive officer Mohd Mustafa Abdul Aziz said the product categories include electrical and electronics (E&E), machinery and equipment, optical and scientific products, petroleum […]<\/p>\n","protected":false},"author":19,"featured_media":52006,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[288,300,318],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/51959"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51959"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/51959\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/52006"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51959"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51959"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51959"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}