NANNING (China), Sept 19 (Bernama) -- The Malaysia External Trade Development Corporation (Matrade) is maintaining last year’s sales target of RM640 million at the 16th China-ASEAN-Expo (CAEXPO) that will begin on Sept 21 to 24.
Chief executive officer Datuk Wan Latiff Wan Musa said the target was set after taking into consideration the expected slower growth in the world economy at 2.6 per cent from the initial projection of 3.0 per cent.
“Even GDP (gross domestic product) for China has been revised downward to around 6.2 per cent this year,” he told the Malaysian press after visiting CAEXPO venue to see the ongoing preparation at the Malaysia Pavilion here Thursday.
He said this year’s edition would see 167 booths at the Malaysia Pavilion compared with 179 last year due to limited space provided by the organiser.
Despite fewer booths, Wan Latiff is optimistic of achieving the sales target.
He said of the 167 Malaysian exhibitors, 61.6 per cent is first-timers.
Since its first participation in the CAEXPO 16 years ago, Matrade had assisted more than 1,700 local small and medium enterprises expanded into the overseas market.
-- BERNAMA
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