(MENAFN- QNA) Some 90% of the 126 Malaysian companies taking part in the 11th China-Asean Expo (CAEXPO) here have the capability to export and supply their products and services to overseas markets.
Malaysia External Trade and Development Corporation (Matrade) Deputy Chief Executive Officer Dzulkifli Mahmud said their capabilities would make it easier for the companies comprising mostly small and medium enterprises (SME) to penetrate the Chinese market, Malaysian News Agency (Bernama) reported.
With a population of 1.36 billion, China is Matrade's key focus for companies wanting to penetrate foreign markets for the first time.
"There are more companies that have successfully penetrated the Chinese market. This can be seen from the trade figures which have been rising every year. Last year, trade between the two countries hit RM318 billion (US$106 billion) and this is expected to reach RM480 billion by 2017," he said.
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