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M?sia Will Sustain Trillion Ringgit Trade This Year, Says Mukhriz
KUALA LUMPUR, Sept 10 – Malaysia is expected to sustain its trillion
ringgit trade this year despite the uncertainties in Europe and the
sluggish United States’ economy, Deputy Minister of International Trade
and Industry Datuk Mukhriz Tun Dr Mahathir said today.
The target would be driven by the huge exports to China and
fast-growing Middle East and India markets, he told reporters after the
SME100 launch.
“Asia has been growing very fast, our trade with China is still very huge and we are maintaining our trade surplus with China.
“We remain optimistic, our approach has been diversifying our market
base. I think demand for our goods is still there eventhough there is a
drop in exports in our electrical and electronics products,” he said.
Mukhriz said the ministry was monitoring exports to China as the
largest exports to that country was electrical and electronics products.
“So, when there is a slight drop in the exports of electrical and
electronics products, we are looking to see if our trade with China was
reducing compared to previous years. So far, its going quite okay,” he
said.
Mukhriz said while the drop in exports in the past two months was the
main concern, the overall picture is expected to deliver positive
results.
Last year, Malaysia’s trade clinched RM1.26 trillion.
On the launch of SME100, Mukhriz said to date, the small and medium
enterprises (SMEs) contributed to one third of Malaysia’s gross domestic
product and constitutes about one-fifth ofl total exports.
“As such, the importance of the SME sector to our national economy cannot be under estimated.
“Even during the current period of global economic uncertainty, the
SME sector continues to be a growth avenue that propels Malaysia
forward,” he added.
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