Malaysia External Trade Development Corporation (MATRADE) has identified a huge potential to boost trade collaborations with the Republic of Korea in high-value and high technology-driven industries namely transportation, electrical vehicle, high-speed rail and train, halal, chemicals and financing. These potential sectors were identified during its participation in 2019 ASEAN-Republic of Korea Commemorative Summit held in Busan recently.
Malaysia’s participation at the summit was led by Malaysian Prime Minister Tun Dr Mahathir Mohamad and supported by government bodies such as Malaysia Investment Development Authority (MIDA), Halal Development Industry Corporation (HDC), Invest Selangor and Tourism Malaysia.
MATRADE trade commissioner in South Korea Norharliza Yunos said the feedback received by the companies was overwhelming as many Koreans are aware of Malaysia’s pro-business environment and capabilities to supply to the world.
Norharliza said "Seeing the positive response given to Malaysia, MATRADE Seoul will strengthen our engagements with South Korea’s businesses and match them with capable Malaysian companies in our database,” he also added that in 2018, South Korea was Malaysia’s 8th largest trading partner and is currently one of Malaysia’s key markets.
Meanwhile, MATRADE will be inviting businesses in South Korea to take part in MATRADE’s iconic trade fair - Malaysia International Halal Showcase (MIHAS) 2020, which will take place from 1-4 April 2020 at Malaysia International Trade and Exhibition Centre (MITEC).
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