By BERNAMA / Pic By TMR File
PRIMARY Industries Minister Teresa Kok (picture) led a palm oil and rubber economic and investment mission to India beginning Monday to strengthen trade relations between New Delhi and Putrajaya.
The five-day mission is also aimed to address issues related to trade, as well as exploring market and investment opportunities — particularly in palm oil and rubber.
“India and Malaysia share a long-rooted historical and cultural commonality, as well as a good relationship, which has over time developed and helped craft the landscape for economic and commercial relations between our countries,” the ministry said in a statement in Kuala Lumpur yesterday.
The delegation comprises representatives from the ministry, Malaysian Palm Oil Board, Malaysian Rubber Board, Malaysian Palm Oil Council and Malaysian Rubber Export Promotion Council (MREPC).
The ministry said Malaysia has always looked upon India as a strategic and important trade partner, of which trade had evolved from items such as spices, clothing and food, to current items such as commodities, particularly palm oil and rubber.
In 2018, India was the third-largest importer of palm oil and palm oil-based products valued at RM6.84 billion or 10.1% of the total national palm oil and palm oil-based products exports.
Meanwhile, for the rubber sector, India imported 1.5% of the total national export of rubber and rubber products which amounted to RM476.56 million.
During the mission, the minister will attend the Malaysia-India Palm Oil Trade Fair & Seminar 2019 in Mumbai that is aimed to provide support to Malaysian palm oil industries in developing and enhancing trade opportunities in India, as well as exploring business collaboration and to furnish the latest development in the oils and fats industry.
Kok is also scheduled to attend the “Educational Seminar: Managing Infection Control — Selecting the Right Gloves” organised by MREPC in New Delhi, with an objective to educate medical practitioners in India on the importance and properties of medical gloves for infection control, as well as to promote Malaysian rubber medical gloves among medical practitioners and healthcare workers in India.
Kok is also expected to have a networking dinner and dialogue with the local business community and Malaysian diaspora as part of efforts to increase promotional initiatives on palm nutrition and rubber gloves, among others.
The palm oil and rubber economic and investment mission to India is part of the ministry’s ongoing activities to promote products based on palm oil and rubber to key markets, especially countries in South Asia. — Bernama