PETALING JAYA: Malaysia Trade Development Corporation (Matrade) and Malaysia Digital Economy Corporation (Mdec) have signed a memorandum of understanding (MoU) to further strengthen the existing partnership and strategic cooperation between the two institutions.
This aims to better encourage Malaysian high-tech companies that are currently export-ready to strengthen their global footprint through more coordinated and cooperative trade facilitation initiatives.
According to Matrade CEO Datuk Mohd Mustafa Abdul Aziz, the MoU will bring about a higher level of cooperation between the two institutions, resulting in the global expansion of local technology champions in line with the objectives of the newly launched New Industrial Master. He says that this will accelerate the transformation of players. Plan (NIMP) 2030.
“NIMP is particularly focused on the government’s mission to embrace technology and digitization in Malaysian businesses to drive innovation, improve productivity and create new opportunities for economic growth,” said Mohd Mustafa. said.
The NIMP has identified digital and information and communication technology as one of five focus areas that could help Malaysia strengthen its exports of more complex products and services.
He said institutions such as Matrade and Mdec need to further streamline their efforts and adopt a whole-of-country approach in promoting overseas.
Meanwhile, Mdec CEO Mahadir Aziz said the company’s Malaysian Digital Catalyst Program is driving nine areas, which will drive high-value digital exports and help technology companies expand globally. He said he believes it will be a starting point.
“To foster and promote a business-friendly digital ecosystem, we are working with various partners, one of which is Matrade,” he said.