May 25, 2012

Malaysia - Malaysia Can Grow in EuroCrisis


Malaysia confident of trade growth despite Global slowing

Malaysia has confidence in trade growth amid global economic slowdown, as domestic and external demand remains strong and trade within ASEAN and with China keeps increasing, Malaysian International Trade and Industry Minister Mustapa Mohamed said Thursday.

“The trade growth rate remains at 5 percent, within our expectations,” he told a press conference after opening the Trade Financing for SME Exporters Seminar.

The gross trade grew by 6.5% in Q-1, while export and import expanded by 8.7 and 10.9% respectively.

Mustapa said the growth was supported by greater domestic activities under the government’s Economic Transformation Program.

“Others than that, the reasons which contributed to the trade volume increase included the huge and strong demand from major markets within ASEAN, plus a pick-up in consumer demand in the United States and China.”



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