Malaysian companies identified actual sales of RM1.4 million and potential business worth RM722.7 million at recent events in Dhaka, Bangladesh, the Malaysia External Trade Development Corporation (Matrade) said.
It said Matrade organised the participation of 16 companies at the Malaysia Product and Services Exhibition from Aug 7 to 9 with the objective of supporting Malaysian exporters in the promotion of their products and services in Bangladesh.
The sectors that participated at the exhibition included Malaysian food and beverages, electrical and electronic products, plastic products, medical and healthcare services, professional services and education, it said in a statement on Friday.
Concurrently in Dhaka, Matrade also led a delegation of eight Malaysian companies on a Specialised Marketing Mission to promote automotive products and services to Bangladesh from Aug 6 to 9.
Members of the mission had the opportunity to directly discuss business with pre-screened quality buyers during the Individual Business Meeting sessions, officiated by Malaysian High Commissioner to Bangladesh Jamaluddin Sabeh.
The two day business meetings, held from Aug 7 to 8, resulted in immediate sales worth RM107,547 and potential sales of RM1.6 million from the 45 business meetings arranged, Matrade said.
Malaysian products on demand during the programme included automotive lighting, windscreen glasses, motorcycle rims and spoke, gasket and spare parts as well as engine lubricants.
“Despite the economic slowdown facing the world today, we can see from the outcome of Matrade trade promotion programmes that there are still pockets of opportunities for Malaysian exporters to exploit,” Matrade chief executive officer Datuk Noharuddin Nordin said in the statement.
To succeed, Malaysian companies must be committed to maintain their visibility in the marketplace while actively searching for untapped opportunities overseas, he added.
He also urged Malaysian companies to take advantage of the export assistance provided by Matrade which could help cushion the impact from softened demand during these difficult times.