MATRADE helps 10 Malaysian companies to expand footprint in Thailand via virtual mission

BANGKOK, Oct 25  -- The Malaysia External Trade Development Corporation (MATRADE) has brought onboard 10 Malaysian companies to a virtual Export Acceleration Mission (EAM) to boost exports of Malaysian products and services in the kingdom.

In a statement, MATRADE said the three-day EAM starting tomorrow would provide a networking platform as well as build business partnerships between the Malaysian and Thai business community.

“A total of 10 Malaysian companies under MATRADE from sectors such as food & beverage, healthcare, skincare and IT business solutions would be participating in the mission,” the national trade promotion agency said.

EAM is initiated by MATRADE in order to link Malaysian companies with foreign partners as well as encourage them to explore trade opportunities abroad.

During the mission, MATRADE through its Bangkok office will be coordinating virtual business meetings with leading importers and buyers.

Complementing this, programmes that have been arranged for the Malaysian companies include briefing on export opportunities in Thailand by the MATRADE trade commissioner in Bangkok and relevant authorities.

The programmes planned during the mission include virtual business meetings, briefing on Doing Business in Thailand and rules and regulations as well as how to register a product in Thailand.

MATRADE trade commissioner Norman Dzulkarnain Nasri said Malaysia and Thailand can complement each other in terms of its trade engagements especially on border trade and trade agreements.

“Potential products that Malaysian companies can explore in Thailand are fast moving consumer goods (FMCG), halal, processed food, healthy products, ready-to-eat food, medical products, medical-related products, pharmaceutical, lifestyle products, electronic components, automotive parts and many others,” he said.

Norman said Thailand is the 8th largest trading partner for Malaysia.

In 2020, he said the total trade between Malaysia and Thailand amounted to US$19 billion (US$1 = RM4.15) with the top trading products being electrical & electronic products, chemicals & chemical products, transport equipment, crude petroleum and machinery, equipment and parts.

The Malaysian embassy in Bangkok encourages Thai and Malaysian companies to leverage MATRADE’s office here. The Thai business community can contact MATRADE Bangkok to get more info about the programme or any other enquiries pertaining to Malaysian products and services.

-- BERNAMA