The Malaysia External Trade Development Corporation (MATRADE) is going to organise a trade show from October 1-4 at the Tatmadaw Hall in Yangon.
MATRADE said the exhibition, to be held for the third time in Myanmar since its launch in 2012, is an initiative to promote bilateral trade as well as forge business partnerships between Myanmar and Malaysian enterprises.
A total of 69 Malaysian companies will be participating in this year’s exhibition representing various sectors such as automotive, building materials, electrical and electronics, fast moving consumer goods, health and wellness, lifestyle (cosmetics and furniture), machinery, construction, education, information and communication technology, oil and gas, franchise and business services, MATRADE said.
“Showcase Malaysia 2014 offers a one-stop solution and business opportunity for Myanmar companies. Local businesses are invited to take advantage of this opportunity to meet Malaysian exhibitors; source for high-quality products and services; and create strategic alliances at this event,” said the Trade Commissioner of MATRADE Yangon, Jonathan Rao.
The expo will offer individual business meetings with Malaysian exhibitors, free consultation on doing business with Malaysia, business workshops and seminars, and talks on studying opportunities in Malaysia.
Total trade between Malaysia and Myanmar increased 43.6 percent to $622 million for the first seven months of 2014 compared to the same period in 2013.
From January to July, Malaysia’s exports to Myanmar increased 63.6 percent to $515 million compared to the same period in 2013. Imports from Myanmar to Malaysia recorded a value of $107 million during the same period, MATRADE said.
Malaysia is the seventh largest investor in Myanmar totalling $1.65 billion as of June. Among the sectors invested by Malaysian companies in Myanmar are oil and gas, plantation, manufacturing, construction, franchise, and other services such as consultancy, healthcare and legal.
“In the coming years, we anticipate more Malaysian companies will invest in other sectors of Myanmar such as hotel and tourism, information and communication technology (ICT), education; agriculture, financial services, real estate, as well as power generation,” Rao added.
MATRADE said the positive trend is expected to continue at a rapid pace with the realisation of the ASEAN Economic Community in 2015 as more Malaysian companies seek opportunities to do business in Myanmar.