Malaysian Companies Stand Out In Russia

Edited by: Sheera Abg Mansor

KUCHING: Malaysian companies have successfully reaped potential export sales of RM85 million and achieved the mission aimed to explore business opportunities in Russia as well as expanding Malaysia’s footprint in Russia.

A total of 12 Malaysian companies from four main sectors, namely aerospace, food and beverages, medical devices and disposables as well as electric and electrical products participated in the mission.

According to Mohd Mustafa Abdul Aziz, Matrade’s deputy chief executive officer (export acceleration) as quoted in Borneo Post, Russia needs to be in the Malaysian exporters’ radar as trade with Russia means a leap into Eurasian Customs Union countries such as Armenia, Belarus, Kazakhstan and Kyrgyzstan.

Apart from participating in the trade exhibition, Matrade also organised side programmes such as market briefings and visits to major Russian retailers and distributors in Moscow aimed to update Malaysian companies with the current trade practices by the Russian business communities, to give exposure and opportunity to Malaysian participants to directly interact, expand their network and explore business opportunities with the local potential clients as well as with private and public entities.

On top of that, it also organized side programs such as a seminar by industry experts to update Malaysian companies on the latest rules and regulation to penetrate the market as well a networking session with leading Russian importers, local trade associations and Chambers of Commerce.

Source: Borneo Post