MATRADE’S US OFFICES TO BOOST MALAYSIA’S EXPORT PRESENCE

KUALA LUMPUR, Nov 4 (Bernama) -- The Malaysia External Trade Development Corporation’s (MATRADE) offices in Los Angeles, Miami and New York are well-positioned to strengthen Malaysia’s engagement in the export market. 

MATRADE said it aims to intensify export promotions through strategic partnerships with industry associations and big corporations such as Amazon and Deloitte, as well as through trade and investment missions to the United States (US). 

It said the Agreement on Reciprocal Trade (ART) marks a pivotal step toward strengthening Malaysia’s position in the global marketplace by securing fair and stable access to the US market. 

“By ensuring trade stability, the agreement not only safeguards local industries and jobs but also encourages Malaysian exporters to become more competitive and innovative, aligning with international expectations in areas such as environmental, social, and governance (ESG) standards. 

“Overall, the ART serves as a catalyst for enhancing product quality, sustainability practices and the global credibility of local exports,” MATRADE said in a statement today.

The trade promotion agency said beyond tariff relief, the agreement strengthens regulatory certainty and supply-chain resilience through deeper cooperation in trade facilitation.

This reinforces Malaysia’s reputation as a reliable production and sourcing hub for US companies, giving Malaysian firms a distinct competitive edge within ASEAN. 

It also stated that the ART also acts as a catalyst for export upgrading and market diversification, encouraging local industries to elevate standards, invest in value-added processes and expand branded and service-oriented exports.

“Collectively, these developments support Malaysia’s long-term vision to move up the global value chain and enhance its role as a trusted trading partner to the US,” it added.

-- BERNAMA