Categories: Business NewsTrade

MITI secures RM2.4 Billion in Exports Potential in Kyrgyz Rep, Kazakhstan and Uzbekistan

The Ministry of Investment, Trade & Industry (MITI) has secured RM2.4 billion of potential exports of Malaysian goods and services through the inaugural official visit of Malaysia’s Prime Minister, YAB Dato’ Sri Anwar Ibrahim to the Krgyz Republic, Kazakhstan and Uzbekistan from 15 – 19 May 2025. The Minister of MITI, YB Tengku Datuk Seri Utama Zafrul Aziz, was part of the Prime Ministerial delegation.

The potential exports are in sectors such as electrical and electronics (E&E); palm oil and palm oil-based products; fast-moving consumer goods (FMCG); energy and industrial solutions; food and beverage (F&B); furniture; halal products and services; oil and gas; building materials and construction; professional services as well as jewellery. These export commitments were made by captains of industry in separate roundtable meetings with Dato’ Sri Anwar in Kazakhstan and Uzbekistan.

RM2.4 Billion in Exports Potential

Read More Business News

This encouraging outcome signifies the strengthening of economic ties between Malaysia and these Central Asian countries.

Tengku Zafrul Aziz said, “We have achieved RM2.4 billion of cumulative potential exports from the businesses in Kazakhstan and Uzbekistan. This significant figure – confirmed through the roundtable meetings in both countries – reflects their respective business communities’ growing trust in Malaysia as a strategic partner in trade and investment. MITI will ensure that those export commitments are realized as quickly as possible to support Malaysia’s GDP growth.”

Great Exports Potential
Great Exports Potential
Staff Writer

Recent Posts

Sepang Set to Host F1 Again With Costs Covered by Bahrain

Sepang International Circuit may host a Formula One race with Bahrain potentially funding costs, reviving…

6 hours ago

Saudi Arabia Reroutes Oil via Red Sea Pipelines to Bypass Blockades

Overland pipelines help bypass Gulf blockades, but shipping delays and rising costs continue to strain…

6 hours ago

King’s Diplomacy Strengthens Russia-Malaysia Relations Ahead of 60th Anniversary

Malaysia and Russia deepen diplomatic ties ahead of their 60th anniversary, enhancing collaboration in trade,…

7 hours ago

FBM KLCI Seen Trading Cautiously Ahead Of Fed Decision Amid Tariff Woes

The FBM KLCI is expected to remain cautious this week as investors monitor the US…

9 hours ago

Market News: What Investors Should Expect from Bursa Malaysia

Malaysia's stock market shows resilience, supported by strong domestic growth amid global uncertainties, analysts advise…

11 hours ago

Malaysia Reviewing Petroleum Reserves to Strengthen Energy Security

Malaysia is reviewing its petroleum reserves to enhance energy security and address global supply uncertainties…

22 hours ago

This website uses cookies.