Burma-Malaysia Trade to Reach $1 Billion
By On Tuesday, February 26, 2013 @ 6:53 am
Burma-Malaysia bilateral trade is expected to total nearly US $1 billion in 2013 as a result of Burma’s economic reforms and trade liberalization policies, news agency Bernama reports. “Going by past growth records, I am optimistic that the RM 3 billion [$ 970 million] is within reach this year,” Deputy Chief Executive Officer of the Malaysia External Trade Development Corporation Datuk Kamarudin Hassan said on the sidelines of a Burma investment seminar in Kuala Lumpur. Burma-Malaysian trade stood at $880 million last year, with Burma importing $700 million worth of Malaysian goods, while exports to Malaysia were worth $180 million. Malaysian investment reached about $1 billion last year in sectors such as oil, gas and hotels.
Article printed from The Irrawaddy Magazine: http://www.irrawaddy.org
URL to article: http://www.irrawaddy.org/archives/27700
Click here to print.
Copyright © 2012 The Irrawaddy Magazine. All rights reserved.