BUSINESS DELEGATION TO BUENOS AIRES, SAO PAULO IDENTIFIES BUSINESS WORTH US$6.3 MLN

KUALA LUMPUR, Dec 23 (Bernama) -- A 16-member delegation of Malaysian
companies to Buenos Aires and Sao Paulo, led by Malaysia External Trade
Development Corp (Matrade), has identified potential business estimated at
RM19.55 million (US$6.30 million).

In a statement here Thursday, Matrade said it organised 169 one-on-one
business meetings between the delegation members and representatives of the
local business community in both cities during the mission from Dec 5-14, 2010.

Matrade said Malaysia's business ties with Argentina and Brazil were set to
be significantly enhanced with the signing of the memorandum of understanding
(MOU).

"The MOU calls for increased trade networking and cooperation among the
business communities of all three countries," it said.

It said in the logistics sector, Argentina and Brazil offered opportunities
for Malaysian companies to collaborate in offering total logistics solutions.

In the creative and design sectors, both countries expressed interest in
Malaysian-designed jewellery, fashion and furniture.

"As both countries are widely considered to be the leading fashion-conscious
countries in South America, they represent significant export potential for our
companies," it said.
-- BERNAMA


Attachments:
untitled-[2]