Annual Report 2017

98 MA T R A D E A N N U A L R E P O R T 2 0 1 7 Summary of Export Promotion Programmes Based on a 5%CAGR for 2013 to 2017, it is projected that exports of Lifestyle items will reach RM45 billion in 2020. Hence, the Lifestyle Unit will strive to develop closer linkages with industry stakeholders. Besides textiles, apparel & footwear and furniture, jewellery can also be identified as one of the promising subsectors that could accelerate Lifestyle exports. The zero-rating of Goods and Services tax (GST) as well as the value-added tax (VAT) exemption on wholesalers of gold jewellery in the UAE (the biggest single market of Malaysia’s exports of gold jewellery) are positive signs for the Malaysian jewellery industry to boost their export performance in the future. Moving Forward Overall trade reached RM75.07 billion LIFESTYLE ITEMS “ Most of the rubber production is in Malaysia and furniture produced from rubber wood of high quality and durable. This is the main reason why we import furniture fromMalaysia.” Evdema Yalpi Malz. San. Tic. SAN. A., Turkey Activity International Sourcing Programme (INSP) for the Malaysian International Furniture Fair (MIFF) 2017 & Export Furniture Exhibition (EFE) 2017 No. of companies No of business meetings Reported Sales 9 35 sellers & 6 buyers 55 240 670 sellers & 60 buyers 415 15 30 5 8 Not Applicable Not Applicable RM96.58 million – RM19 million World of Private Label International Trade Show PLMA (16-17 May 2017) International Sourcing Programme (INSP) for Asia Islamic Fasion Week (AIFW) (30 March - 2 April 2017) The Lifestyle & Life Sciences Section was invited as speakers to deliver a talk on Role of MATRADE in assisting Malaysian Furniture Exporters for MIFF and EFE exhibitors. • 20% of AIFW participants were MATRADE members (seven out of 35 companies). • 78% of PLMA participants were MATRADE’s market development grant recipients (seven out of nine companies). The Lifestyle & Life Sciences Section was invited to deliver a talk entitled The Roles of MATRADE in Supporting Local Fashionpreneur to Go Global during AIFW 2017.