ID :
166219
Mon, 03/07/2011 - 07:53
Auther :
Shortlink :
https://oananews.org//node/166219
The shortlink copeid
MATRADE CHIEF URGES MALAYSIAN COMPANIES TO EXPLORE EMERGING MARKETS
By P.Vijian
NEW DELHI, March 7 (Bernama) -- Malaysian companies, large or medium, are advised to test emerging markets rather than rely on traditional economies to remain competitive.
In an interview with Bernama in Delhi recently, the Malaysia External Trade Development Corporation (Matrade) chairman Mah Siew Keong, also urged Malaysian businessmen to exploit existing trade agreements with foreign governments to expand overseas.
"The Malaysian market is too small at the moment. Matured markets
are difficult to penetrate but there is a lot of potential in new markets like the Middle East, Africa or India," he said.
China and India are billed as the largest regional emerging markets. Free Trade Agreements between Asean and China and India came into force last year.
The E7 emerging economies of Brazil, China, India, Indonesia, Mexico, Russia and Turkey, with a large population base, resource rich and high disposable income, are also considered the new drivers of global economy.
By 2050, these markets are forecast to supersede some of the traditional economic giants, and chart a new trade paradigm.
"Just don't look at traditional markets and try to establish a foothold in these new markets.
"In 2011, there will be lot of emphasis on new, emerging markets. Matrade, is leading several missions to these markets to expose our small and medium enterprises," Mah explained.
He was in Delhi to attend the inaugural India-Asean Business Fair, which concluded last Sunday.
A total of 51 Malaysian companies participated in a big way to explore new opportunities in the robust Indian market.
NEW DELHI, March 7 (Bernama) -- Malaysian companies, large or medium, are advised to test emerging markets rather than rely on traditional economies to remain competitive.
In an interview with Bernama in Delhi recently, the Malaysia External Trade Development Corporation (Matrade) chairman Mah Siew Keong, also urged Malaysian businessmen to exploit existing trade agreements with foreign governments to expand overseas.
"The Malaysian market is too small at the moment. Matured markets
are difficult to penetrate but there is a lot of potential in new markets like the Middle East, Africa or India," he said.
China and India are billed as the largest regional emerging markets. Free Trade Agreements between Asean and China and India came into force last year.
The E7 emerging economies of Brazil, China, India, Indonesia, Mexico, Russia and Turkey, with a large population base, resource rich and high disposable income, are also considered the new drivers of global economy.
By 2050, these markets are forecast to supersede some of the traditional economic giants, and chart a new trade paradigm.
"Just don't look at traditional markets and try to establish a foothold in these new markets.
"In 2011, there will be lot of emphasis on new, emerging markets. Matrade, is leading several missions to these markets to expose our small and medium enterprises," Mah explained.
He was in Delhi to attend the inaugural India-Asean Business Fair, which concluded last Sunday.
A total of 51 Malaysian companies participated in a big way to explore new opportunities in the robust Indian market.
