EDC partners with MATRADE to bolster trade between the UAE and Malaysia

Malaysia's total trade with the UAE in 2008 amounted to $4.5bn, an increase of 45.7% from $2.9bn in 2007.

The MoU has been signed to enhance cooperation in promoting bilateral trade for the development of trade relations between Malaysia and the United Arab Emirates.

"Malaysia is one of the biggest Islamic economies which the UAE is trading with. The Partnership will encourage our respective companies to develop trade linkages between the two economies and promote mutual trade in our respective areas of strength."

said Al Awadi.

The agreement was signed by Engineer Saed Al Awadi, Chief Executive Officer, EDC and Dato' Noharuddin Nordin, Chief Executive Officer, MATRADE, during the opening of the second Malaysia Services Exhibition (MSE) 2009 at the Airport Expo Centre.

The objective of the MoU, among others, are to organise joint activities, events & trade missions in respective countries, exchange of trade information, mutual promotion and training through exchange programmes.

Furthermore, both Parties shall cooperate to provide trade information, which shall benefit their companies, for joint publications and take the necessary steps to facilitate cooperation between Malaysia and the United Arab in the field of trade development and promotion

"The exchange of this MoU will further strengthen economic cooperation between Malaysia and the UAE. I am optimistic, that, with such collaborations, trade activities between both countries can be intensified", said Nordin.

The MSE 2009 is a three-day exhibition which will be held from 17-19 March 2009 at the Dubai Airport Expo Exhibition Centre. This exhibition is an excellent avenue for business meetings and establishing profitable business alliances not only with the Malaysian services companies, but also with key decision makers in the GCC area. Over 200 Malaysian service providers will be present at MSE 2009.