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NEWS UPDATES 4 January 2010

Malaysia expects rebound in shipments in 2010

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Malaysian exports are due for a recovery this year, the Business Times quoted the national export promotion agency as saying.

Malaysia External Trade Development Corp (Matrade) chief executive officer Datuk Noharuddin Nordin said that several factors will be working in favour of exporters this year.

For example, the outlook for the electrical and electronics (E&E) sector, which makes up about 40 per cent of total exports, is expected to brighten as global demand picks up.

"This includes demand for semiconductor products, LCD (liquid crystal display) television and PCs (personal computers)," Noharuddin told the Business Times.

The full implementation of various regional free trade pacts will also benefit the country. Malaysian products will have "privileged access" in areas like Asean and China, for instance. Under free trade agreements (FTAs), Malaysian goods can enter these countries with lower, or even zero, duties.

Asean and China buy almost 40 percent of Malaysia's total exports. Noharuddin said that Malaysia's exports rose on a month-on-month basis in the first 10 months of last year.


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