Monday, 10 Aug 2020 10:53 PM MYT
Meanwhile, Malaysia’s trade with China rose 0.2 per cent y-o-y to RM315.20 billion in 2019, with exports growing by 0.3 per cent y-o-y to RM139.61 billion and imports edging up by 0.1 per cent to RM175.59 billion. Miti noted that there were several business opportunities in certain sectors, citing the substantial 40.3 per cent increase in rubber glove exports, following the robust demand in the global market due to the Covid-19 pandemic.Due to the ongoing US-China trade war and the unabating pandemic, Miti said it had taken proactive steps through its trade promotion agency, Malaysia External Trade Development Corporation to address the trade impact on Malaysia.
MATRADE has also expanded its Market Development Grant to include virtual trade promotion activities.
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