Miti focuses on non-traditional partners to diversify trade, says minister

Ministry Of International Trade And Industry MITI News

Miti focuses on non-traditional partners to diversify trade, says minister
Tengku Zafrul Abdul AzizMalaysia Trade
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SAMARKAND, May 19 — The Investment, Trade and Industry Ministry is diversifying trade efforts by focusing on non-traditional trading partners to address the challenges in the...

Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz said that with geopolitical challenges reducing global trade, the ministry is focusing on countries such as those in Africa, South America and West Asia. — Bernama picSAMARKAND, May 19 — The Investment, Trade and Industry Ministry is diversifying trade efforts by focusing on non-traditional trading partners to address the challenges in the era of globalisation.

Tengku Zafrul is in Uzbekistan to accompany Prime Minister Datuk Seri Anwar Ibrahim who is on an official visit to three Central Asian countries from May 14 to 19. He was in the Kyrgyz Republic and Kazakhstan before this. Malaysia-Kyrgyzstan trade volume reached RM162.3 million in 2023, a 312.6 per cent rise from 2022 with Malaysian exports of RM161.1 million in 2023.

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