Malaysia to focus on exporting services to Asia and Europe

European countries, Vietnam, Cambodia, Indonesia, India and China are among Malaysia’s focus markets for the export of services this year, national news agency Bernama reported, quoting a government agency.

Malaysia External Trade Development Corp (Matrade) trade and promotion deputy chief executive officer Dr Wong Lai Sum said there were tremendous opportunities for Malaysians to export services to these places.

“This is especially in the area of outsourcing, professional and construction related services. In China, there is demand for water and wastewater treatment, information and communications technology (ICT) as well as engineering services,” she told reporters after the opening of the Matrade-Austrade Seminar on exporting services yesterday.

Wong said Matrade had lined up a few missions for Malaysian companies seeking business opportunities in the countries mentioned.

“Fifty percent of our missions this year is based on the services sector. This shows how serious we are towards the industry, which is expected to contribute 60 percent to the nation’s gross domestic product by 2020,” Wong said. She said this target was set under the Third Industrial Master Plan.

Reach Southeast Asia! 10- Nations, 560- Million Consumers And $1-Trillion Market We are the Voice of Southeast Asia  Media Kit The only Media Dedicated to Southeast Asia Advertising Rates for Magazine   Online Ad Rates Contact: marketing@aseanaffairs.com