KUALA LUMPUR, April 18 (Bernama) -- Prime Minister Datuk Seri Anwar Ibrahim’s working visit to Thailand which ended today has attracted potential exports worth RM1.07 billion, including products such as automotive parts, construction, oil and gas, energy, and medical devices.
The Ministry of Investment, Trade and Industry (MITI) said the interest in sourcing the products was communicated during a roundtable meeting organised by Malaysia External Trade Development Corporation (MATRADE) with top officials from eight prominent Thai companies to facilitate trade opportunities between both nations.
“Collectively, these companies presented a combined potential sourcing value of RM1.07 billion (US$244.04 million) from Malaysia, underscoring Malaysia’s attractiveness as a reliable trade and supply chain partner,” the ministry said in a statement here today.
MITI Minister Tengku Datuk Seri Zafrul Abdul Aziz was among Malaysian officials accompanying Anwar during the two-day trip.
MITI said the strong interest from Thai companies in sourcing Malaysian products and investing in Malaysia aligned closely with the latest policy direction under the New Industrial Master Plan 2030 (NIMP 2030).
It said this policy emphasises strategic investments, regional collaboration and value-added exports to position Malaysia as a key player in the regional supply chain.
“MITI’s focus on driving green growth, strengthening industrial linkages and promoting high-value sectors supports the facilitation of cross-border ventures with Thailand, enhancing Malaysia’s competitiveness and resilience in the evolving global trade landscape,” the ministry said.
Thailand is Malaysia’s third largest trading partner within ASEAN and seventh globally.
In 2024, bilateral trade recorded US$25.06 billion with border trade making up 40 per cent share.
“The momentum continues in early 2025, with bilateral trade rising by nearly eight per cent in the first two months of 2025,” MITI said.
From 1980 to December 2024, a total of 116 manufacturing projects with Thai participation have been implemented, amounting to US$768 million (RM2.73 billion) in realised investments and creating over 11,000 jobs.
-- BERNAMA
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