Malaysia is looking to enhance trade volumes after coming out from a self imposed coma, the pandemic and subsequent lockdowns has severely damaged the country’s GDP in 2020, trade was halted with border close and industries shuttered. With the recovery clearly under way in 2021, Malaysia is poised to capatalise on every avenue possible to get Malaysia back on track including with the Tokyo Olympics.
Malaysia External Trade Development Corporation has taken progressive steps in this relation by working with Japan External Trade Organization to enhance trade promotion co-operation between Malaysia and Japan. A corporation agreement signed between Senior Minister and Minister of International Trade and Industry, YB Dato’ Seri Mohamed Azmin Ali and Japan’s Minister of Economy Trade and Industry Hiroshi Kajiyama signaled a new bilateral trade relations between these two old trading partners.
With the upcoming Tokyo Olympics and Paralympics as well as World Expo 2025 in Osaka, there are many opportunities for companies in both countries to realise, specifically in exporting Halal products and services too. We encourage more Malaysian companies to reach out to MATRADE for assistance in expanding and accessing the Japanese market,” said Mr. Mohd Mustafa Abdul Aziz, Chief Executive Officer of MATRADE.
Moving forward, both parties are committed to facilitate trade promotion through activities such as business missions, meetings, seminars, workshops, trade shows and other trade promotional activities in both Malaysia and Japan. In addition, there will be intensified exchange and dissemination of trade-related information to both Malaysian and Japanese companies on export opportunities.
Such co-operation aims to increase Malaysia’s exports to Japan whilst expanding collaboration in digital transformation between the Malaysian and Japanese companies. MATRADE has a network of 46 global offices to facilitate Malaysian companies’ access into the world market and for Japan, MATRADE has a trade office in Tokyo. For more details on MATRADE’s support for Malaysian companies.