Malaysia targets Central Asian and Latin American markets to address declining export value, says PM

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Malaysia targets Central Asian and Latin American markets to address declining export value, says PM
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KUALA LUMPUR: The United States had tried to exert pressure on Malaysia over its stance on the Palestine-Israel conflict, Prime Minister Datuk Seri Anwar Ibrahim has revealed.

KUALA LUMPUR: Diversifying export destinations is among several initiatives to mitigate declining export value in the current global situation, says Datuk Seri Anwar Ibrahim.

He said for the first nine months of this year, exports to Central Asian and Latin American markets recorded growth of 24.7% and 2.3% respectively. Anwar was responding to Datuk Dr Ku Abd Rahman Ku Ismail who asked about the mitigation measures taken to address declining export value from January to September this year compared to last year.

Following the negative performance, he said the government has increased exports to markets under the Free Trade Agreement such as the Regional Comprehensive Economic Partnership and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership .

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