How will Miti support Malaysian companies in Central Asia?

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Miti to Expedite Export Commitments and Expand Business Opportunities in Central Asia

The Ministry of Investment, Trade and Industry (Miti) will actively support Malaysian companies seeking to expand into Central Asia by expediting existing export commitments and establishing a stronger presence through the Malaysia External Trade Development Corporation (Matrade). These initiatives are aimed at translating potential trade into tangible commercial opportunities, fostering growth for Malaysian Small and Medium Enterprises (SMEs), and generating employment within Malaysia. The focus on Central Asia, specifically Kazakhstan and Uzbekistan, is driven by significant potential export values and a commitment to strengthening bilateral trade relations.
Expediting Export Commitments to Boost National Growth

Miti is prioritising the swift realisation of export commitments valued at RM2.4 billion originating from Kazakhstan and Uzbekistan. This strategic focus is intended to directly contribute to Malaysia's gross domestic product, leveraging the growing trust placed in Malaysia as a key trade and investment partner by businesses in these Central Asian nations. The acceleration of these commitments is a direct measure to convert potential into economic benefit for the country.
Enhancing Business Opportunities Through Matrade's Regional Presence

To further facilitate Malaysian companies' engagement in Central Asia, Miti will leverage Matrade's established offices in Almaty and Tashkent. This expanded presence is designed to create and broaden business opportunities, providing Malaysian firms with on-the-ground support and access to market intelligence. The objective is to ensure that these efforts yield concrete commercial prospects, particularly for SMEs, and subsequently lead to job creation for Malaysians.
Reactivating Joint Trade Committee to Deepen Bilateral Cooperation

Malaysia and Uzbekistan have agreed to re-establish the Joint Trade Committee (JTC) Meeting. This platform is crucial for addressing mutual interests, exploring new avenues for cooperation, and reinforcing collaboration between the private sectors of both nations. The reactivation of the JTC is a key step in fostering a more robust environment for trade and investment, underscoring the commitment to strengthening economic ties.

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How will Miti support Malaysian companies in Central Asia?

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