Five more initiatives under MDG for SME exporters

by AZALEA AZUAR / pic by TMR FILE

FIVE more initiatives have been introduced today under the Market Development Grant (MDG) to assist Small and Medium Enterprise (SME) exports during the Covid-19 pandemic.

According to the Malaysia External Trade Development Corporation (MATRADE) the five additional include addressing the increasing export costs, facilitating virtual event participations (international trade fairs both locally and overseas), addressing the loss of export promotion activities, registering an International Certification for export, Intellectual Property (IP) registration for international market as well as branding and advertising for exports using digital platforms.

MATRADE CEO Mohd Mustafa Abdul Aziz said Malaysian SMEs have been very active when it comes to promoting the products and services internationally through partnership with foreign buyers.

“The Covid-19 pandemic has greatly affected their business health, including curtailing their exports’ growth. The Government, through MITI and its agency MATRADE, supports our SMEs’ efforts through the MDG which was introduced in 2002, with the objective of enhancing the facilitation in export activities,” he said in a statement.

Additional MDG initiatives are being introduced in order for SMEs to sustain in the global market.

Since March 2020, MATRADE managed to assist 1,350 Malaysian SME exporters with a total of 6,810 activities with a total export of RM2.6 billion.

It covers industries such as furniture, palm oil products, medical products, wood products, prepared foods, machinery and equipment and engineering services.

The assistance given has also managed these SMEs to export their products to Japan, South Korea, People’s Republic of China, Brunei, Myanmar, Laos, Indonesia, The Philippines, Canada, France, the United Kingdom (UK), the United Arab Emirates (UAE) and Saudi Arabia.

MATRADE has also urged more SMEs to join its MDG initiatives which will commence from July 15 until the end of 2021.

To enable these SMEs to be more involved in MATRADE’s export promotion programmes, they are encouraged to register as its members which is complementary and can be done through www.matrade.gov.my.