MONDAY, 30 DECEMBER 2019, KUALA LUMPUR: Malaysia External Trade Development Corporation (MATRADE) urges Malaysian Small and Medium Enterprises (SMEs) to utilise its Market Development Grant (MDG) to enhance their market access as the ceiling amount of the MDG will be increased from RM200,000 to RM300,000 per company.
The increase, which was part of the Budget 2020 announcement in October 2019, will commence from 1 January 2020. The financial facilitation is open to all Malaysian SMEs, Professional Service Providers, Trade and Industry Associations, Chambers of Commerce, Professional Bodies and trade-related Cooperatives. The new ceiling amount is also applicable to applicants that have maximised the RM200,000 set previously.
In addition, under the MDG, the claimed expenses for participation in international trade fairs held overseas have been revised to RM25,000 from RM15,000.
To be eligible for the MDG, SMEs, Professional Service Providers, Trade and Industry Associations, Chambers of Commerce, Professional Bodies and trade-related Cooperatives must register as a MATRADE member on www.matrade.gov.my.
The MDG is an export facilitation facility in the form of a reimbursable grant introduced in 2002, with the objective to facilitate Malaysian exporters’ core expenses in promoting Malaysian made products or services globally. Over the years, the MDG has benefitted 8,607 Malaysian exporters from all over Malaysia.