MATRADE’s US offices in Los Angeles, Miami and New York will strengthen Malaysia’s export market engagement through strategic partnerships.
KUALA LUMPUR: The Malaysia External Trade Development Corporation’s offices in Los Angeles, Miami and New York are well-positioned to strengthen Malaysia’s engagement in the export market.
MATRADE aims to intensify export promotions through strategic partnerships with industry associations and big corporations such as Amazon and Deloitte.
The agency will also conduct trade and investment missions to the United States to boost export activities.
The Agreement on Reciprocal Trade marks a pivotal step toward strengthening Malaysia’s position in the global marketplace by securing fair and stable access to the US market.
This agreement ensures trade stability while safeguarding local industries and jobs across Malaysia.
It also encourages Malaysian exporters to become more competitive and innovative while aligning with international environmental, social, and governance standards.
The ART serves as a catalyst for enhancing product quality, sustainability practices and the global credibility of local exports.
Beyond tariff relief, the agreement strengthens regulatory certainty and supply-chain resilience through deeper cooperation in trade facilitation.
This reinforcement bolsters Malaysia’s reputation as a reliable production and sourcing hub for US companies.
Malaysian firms gain a distinct competitive edge within ASEAN through these strengthened trade arrangements.
The ART also acts as a catalyst for export upgrading and market diversification among local industries.
It encourages Malaysian industries to elevate standards and invest in value-added processes throughout their operations.
Local companies are further motivated to expand branded and service-oriented exports under this agreement.
These collective developments support Malaysia’s long-term vision to move up the global value chain.
They also enhance Malaysia’s role as a trusted trading partner to the United States in international commerce. – Bernama
