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Monday, April 28, 2008

Intrade Malaysia 2008 may rake in RM3.2b sales

International Trade Malaysia 2008 Exhibition (Intrade Malaysia 2008), to be held this November, is expected to generate more than RM3.2 billion worth of on-the-spot and negotiated sales.

This is in line with the anticipated increase in the number of exhibitors to 500 from 300 exhibitors at last year's event, according to Malaysia External Trade Development Corporation (Matrade).

Foreign exhibitors are expected to account for 20 per cent of the exhibitors.

Matrade chief executive officer Datuk Noharuddin Nordin said the exhibition has received encouraging response from both local and foreign companies as well as trade promotion agencies.

NOHARUDDIN: Encouraging response from both local and foreign firms

Speaking at a media briefing before the Intrade Malaysia 2008 networking reception in Kuala Lumpur last week, Noharuddin said the good response was due to impressive results reported by exhibitors and companies participating at the business matching sessions with international buyers during the inaugural Intrade Malaysia held in November last year.

Last year, Intrade Malaysia 2007 raked in total sales of RM3.38 billion for over 1,300 Malaysian companies. They recorded on-the-spot sales worth RM469.7 million, while sales under negotiation were valued at RM2.91 billion.

The top five buying nations include the United Arab Emirates with deals worth RM1.06 billion, followed by Kazakhstan (RM598.5 million), the UK (RM433.8 million), Australia (RM385.3 million) and Nigeria (RM156.3 million).

With its theme, "Optimising Global Opportunities", Noharuddin said Intrade Malaysia 2008 is aimed at providing a platform not only for Malaysian companies, but also foreign companies to expand their businesses and access new markets.

He said as a general international trade fair, Intrade Malaysia offers a platform to exhibit a wide range of products and services from agro-based products, auto parts and accessories to building materials .

By New Straits Times

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