MATRADE, MDEC To Enhance Malaysian Tech Companies’ Global Footprint

Malaysia External Trade Development Corporation (MATRADE) and Malaysia Digital Economy Corporation (MDEC) signed a MoU to further strengthen existing alliances and strategic cooperation between both agencies.

The MoU aims to better facilitate the current and export ready Malaysian tech companies in strengthening their global footprint through more concerted and collaborative trade promotion initiatives. 

According to MATRADE’s CEO, Datuk Mohd Mustafa Abdul Aziz, the MoU will result in greater level of collaboration between both agencies, which in turn will accelerate the transformation of local tech champions into global players. 

This is in line with the objective of the newly launched New Industrial Master Plan (NIMP) 2030, which was recently launched by YAB Dato’ Seri Anwar bin Ibrahim. “NIMP among others focusses on the government’s mission to get Malaysian businesses to embrace technology and digitalisation to drive innovation, enhance productivity and create new opportunities for economic growth,” Datuk Mohd Mustafa pointed out.

Under the newly launched New Industrial Master Plan 2030 (NIMP2030), digital and ICT has been identified as one of the five key focus sectors that could help enhance Malaysia’s exports of more complex products and services.

As such, he added, there is a need for agencies like MATRADE and MDEC to further streamline our initiatives and embrace a whole nation approach in our promotion abroad. 

“Under MDEC’s Malaysia Digital (MD) Catalytic Programmes (PEMANGKIN), we promote nine sectors, which we believe can drive high-value digital export and provide a launchpad for tech companies to expand globally. To nurture and facilitate a business-friendly digital ecosystem, we are collaborating with various partners, and one of them is MATRADE”, said Ts. Mahadhir Aziz, Chief Executive Officer of MDEC.

MATRADE is optimistic about achieving sales of RM2.5 billion for this year’s edition of the Malaysia International Halal Showcase (MIHAS)

Datuk Mohd Mustafa Abdul Aziz said the sales target is achievable after delivering a strong sales performance last year.

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