ID :
84327
Tue, 10/13/2009 - 11:13
Auther :
Shortlink :
https://oananews.org//node/84327
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MATRADE SEES IRAN AS GOOD PROSPECT FOR MALAYSIAN EXPORTS
By Muin Abdul Majid
DUBAI, Oct 12 (Bernama) -- Despite the challenges of doing business with Iran, the Malaysia External Trade Development Corporation (Matrade) views the Islamic republic as a fertile ground for Malaysian exports.
Matrade's senior trade commissioner based in Dubai, Dzulkifli Mahmud, said
Malaysian exports to the Islamic republic were valued at RM1.19 billion in the
first seven months of 2009. (US$1=RM3.40)
In a further sign of Iranian importers and buyers' growing confidence in
high-quality Malaysian products, a Matrade-led Malaysian business delegation
succeeded in securing export orders worth RM13.39 million at the just-concluded
Ninth Tehran International Industry Fair.
"Most of the Malaysian companies which participated in the fair are new to
this market and they're very pleased with the export sales and orders received
from Iranian buyers," Dzulkifli told Bernama on the outcome of the Oct 6 to 9
trade fair organised in the Iranian capital.
Malaysia exported RM2.45 billion worth of products to Iran last year.
A total of 28 Malaysian companies took part in the exhibition which also
marked the fifth participation by Matrade since 2005.
Among Malaysian products which had been well-received by Iranian buyers
included building materials, vacuum cleaners, wooden items, industrial rubber
products, agriculture pumps, chemicals for oil and gas sector, brake pads and
rubber autoparts, solar water heater and car accessories.
"Matrade sees the prospect of exporting more products from Malaysia to the
Iranian market as very bright. Iranian buyers now look at Malaysia as a country
to source high quality products and services," Dzulkifli said.
He said the Matrade office would continue to assist Malaysian companies in
penetrating the Iranian market comprising around 70 million people, 2.6 times
the size of Malaysia's population.
"The Iranian market is a growing market and there's good demand locally for
consumer products imported from overseas," he said, adding that Iranian buyers
preferred high-quality and value-for-money products.
The trade commissioner reckoned that Iranian buyers and consumers have high
regard for Malaysian products, thanks to their quality and competitive prices.
He acknowledged that doing business with Iran, Malaysia's third largest
trading partner in the Middle East, could be a bit tricky, no thanks to a slew
of international sanctions which, among others, cause problems in raising
letters of credit for payment purposes.
But Malaysian companies are finding alternative ways to resolve such issues,
he said.
Dzulkifli said Matrade expected more Iranian buyers to visit Malaysia to
continue discussions with their partners and seek new products that Malaysian
companies could offer.
"Malaysian companies must continue to serve this market through regular
market visits and participation in trade events in Iran," he said.
And Matrade, he added, would continue to engage more Malaysian companies in
efforts to explore new overseas markets.
Making its debut at the Iranian trade show, Johor-based Myvac Technology (M)
Sdn Bhd was happy with the quality of trade buyers who visited the fair.
Its chief executive Michael Tan said his company was now in the process of
shortlisting potential distributors for Myvac which he described as the world's
first floating vacuum cleaner invented in Malaysia.
"Myvac will make its debut in this market in the next three months after all
necessary arrangements with local distributors are completed," he said.
Tan said the Iranian market offered ample opportunities for his company's
products given that carpets were a regular feature in most Iranian households.
Meanwhile, Malcorp Sdn Bhd's chief executive Serajudin Ismail said Malaysian
rubber extrusions and industrial rubber hoses have bright prospects in the
Iranian market.
"Iranian buyers and consumers have high regard for Malaysian rubber products
due to the fact that Malaysia is well known as a leader in rubber research and
its high-quality rubber and rubber products," he said.
Serajudin said Malaysian companies should consider developing more
industrial rubber products, particularly those that would fulfil the
requirements of the Iranian automotive industry.
-- BERNAMA
DUBAI, Oct 12 (Bernama) -- Despite the challenges of doing business with Iran, the Malaysia External Trade Development Corporation (Matrade) views the Islamic republic as a fertile ground for Malaysian exports.
Matrade's senior trade commissioner based in Dubai, Dzulkifli Mahmud, said
Malaysian exports to the Islamic republic were valued at RM1.19 billion in the
first seven months of 2009. (US$1=RM3.40)
In a further sign of Iranian importers and buyers' growing confidence in
high-quality Malaysian products, a Matrade-led Malaysian business delegation
succeeded in securing export orders worth RM13.39 million at the just-concluded
Ninth Tehran International Industry Fair.
"Most of the Malaysian companies which participated in the fair are new to
this market and they're very pleased with the export sales and orders received
from Iranian buyers," Dzulkifli told Bernama on the outcome of the Oct 6 to 9
trade fair organised in the Iranian capital.
Malaysia exported RM2.45 billion worth of products to Iran last year.
A total of 28 Malaysian companies took part in the exhibition which also
marked the fifth participation by Matrade since 2005.
Among Malaysian products which had been well-received by Iranian buyers
included building materials, vacuum cleaners, wooden items, industrial rubber
products, agriculture pumps, chemicals for oil and gas sector, brake pads and
rubber autoparts, solar water heater and car accessories.
"Matrade sees the prospect of exporting more products from Malaysia to the
Iranian market as very bright. Iranian buyers now look at Malaysia as a country
to source high quality products and services," Dzulkifli said.
He said the Matrade office would continue to assist Malaysian companies in
penetrating the Iranian market comprising around 70 million people, 2.6 times
the size of Malaysia's population.
"The Iranian market is a growing market and there's good demand locally for
consumer products imported from overseas," he said, adding that Iranian buyers
preferred high-quality and value-for-money products.
The trade commissioner reckoned that Iranian buyers and consumers have high
regard for Malaysian products, thanks to their quality and competitive prices.
He acknowledged that doing business with Iran, Malaysia's third largest
trading partner in the Middle East, could be a bit tricky, no thanks to a slew
of international sanctions which, among others, cause problems in raising
letters of credit for payment purposes.
But Malaysian companies are finding alternative ways to resolve such issues,
he said.
Dzulkifli said Matrade expected more Iranian buyers to visit Malaysia to
continue discussions with their partners and seek new products that Malaysian
companies could offer.
"Malaysian companies must continue to serve this market through regular
market visits and participation in trade events in Iran," he said.
And Matrade, he added, would continue to engage more Malaysian companies in
efforts to explore new overseas markets.
Making its debut at the Iranian trade show, Johor-based Myvac Technology (M)
Sdn Bhd was happy with the quality of trade buyers who visited the fair.
Its chief executive Michael Tan said his company was now in the process of
shortlisting potential distributors for Myvac which he described as the world's
first floating vacuum cleaner invented in Malaysia.
"Myvac will make its debut in this market in the next three months after all
necessary arrangements with local distributors are completed," he said.
Tan said the Iranian market offered ample opportunities for his company's
products given that carpets were a regular feature in most Iranian households.
Meanwhile, Malcorp Sdn Bhd's chief executive Serajudin Ismail said Malaysian
rubber extrusions and industrial rubber hoses have bright prospects in the
Iranian market.
"Iranian buyers and consumers have high regard for Malaysian rubber products
due to the fact that Malaysia is well known as a leader in rubber research and
its high-quality rubber and rubber products," he said.
Serajudin said Malaysian companies should consider developing more
industrial rubber products, particularly those that would fulfil the
requirements of the Iranian automotive industry.
-- BERNAMA
