Kazakhstan, Uzbekistan’s RM2.4bil export potential signals opportunities

Business & Finance
22 May 2024 • 6:08 PM MYT
Daily Express
Daily Express

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By: Bernama

PETALING JAYA: Potential exports worth RM2.4 billion from businesses in Kazakhstan and Uzbekistan indicate numerous opportunities for Malaysian companies to explore in the region.

“This significant figure reflects the growing trust of their respective business communities in Malaysia as a strategic trade and investment partner,” said investment, trade and industry minister (Miti) Tengku Zafrul Aziz.

He assured that Miti will expedite the realisation of these export commitments to support Malaysia’s domestic growth.

“There are numerous opportunities for Malaysian companies in Central Asia,” he said on X (formerly Twitter).

SPONSORED CONTENT Electrifying windows of opportunity in Sabah - The right policies, collaborations, and strategies can turn emerging opportunities into victories for all parties in Sabah. CHIEF Minister Datuk Seri Panglima Hajiji Noor’s 2021 Hala Tuju Sabah Maju Jaya Plan and the Sabah Economic Development and Investment Authority (SEDIA) have laid out a road map to an exciting future for all Sabahans, with a target of increasing Sabah’s income levels and GDP per capita from about RM 23,000 to about RM 40,000 by 2030. Read more He said Miti will expand business opportunities for Malaysian companies through the Malaysia External Trade Development Corporation’s (Matrade) presence in Almaty and Tashkent.

“MITI will ensure these translate into commercial opportunities for Malaysian SMEs and create jobs for Malaysians,” said the minister, who was part of Prime Minister Anwar Ibrahim’s official delegation to these countries.

Malaysia and Uzbekistan also agreed to reactivate the Joint Trade Committee (JTC) Meeting.

“The JTC serves as a platform to address issues of interest, discuss existing and potential new areas of cooperation, strengthen private sector collaboration, and further encourage trade and investment between the two countries,” he added.

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