MATRADE Shares Insight on Export Opportunities in Latin America Market (17 November 2015)
MATRADE SHARES INSIGHTS ON EXPORT OPPORTUNITIES IN LATIN AMERICAN MARKET
TUESDAY, NOVEMBER 17, 2015, KUALA LUMPUR: Malaysia External Trade Development Corporation (MATRADE) organised a seminar titled Understanding Latin American Market: Opportunities for Malaysian Product and Services in Chile and Its Neighbouring Countries. The seminar took place today at Perdana Hall in Menara MATRADE.
The market awareness programme included a half-day briefing focusing on the Latin American market, particularly Chile and its neighbouring countries. The briefing aimed to encourage more Malaysian companies to benefit from the Malaysia-Chile Free Trade Agreement (MCFTA) and the Trans Pacific Partnership (TPP).
This market briefing was presented by MATRADE’s Trade Commissioner to Santiago, Ms. Noor Ezzwanee Ahmad who shared insights on doing business with Chile and its neighbouring countries, information on market opportunities and effective strategies to access the Chilean market including trade rules and regulations.
Chile is considered a gateway to Latin America due to its stable microeconomic policies and prudent fiscal measure. With the MCFTA, which took effect on 25 February 2015, the bilateral trade between Malaysia and Chile has been strengthened and is expected to further accelerate with the TPP.
Malaysia’s trade with Latin America in 2009 was RM987.2 billion and in 2014 it has increased to RM 1.5 trillion. In 2009, total export to the Latin America market was RM553 billion and in 2014 the number recorded 38 per cent increase to reach RM765.4 billion. Between the period of Jan to Sept of 2015, Malaysia’s total export to Latin America was valued at RM568.2 billion.
Among the top export destinations in Latin America are Mexico, Brazil, Chile, Argentina, Panama and Peru. The main products exported to this region include electrical & electronics, rubber products, machinery, appliances & parts, chemical & chemical products, transport equipment and palm oil.
To obtain useful market intelligence, Malaysian companies are urged to engage with MATRADE’s Santiago trade office and email to Alamat emel ini dilindungi dari Spambot. Anda perlu hidupkan JavaScript untuk melihatnya.. For details of MATRADE’s future training sessions and seminars, email to Alamat emel ini dilindungi dari Spambot. Anda perlu hidupkan JavaScript untuk melihatnya. / Alamat emel ini dilindungi dari Spambot. Anda perlu hidupkan JavaScript untuk melihatnya. / Alamat emel ini dilindungi dari Spambot. Anda perlu hidupkan JavaScript untuk melihatnya.
