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KUALA LUMPUR: The newly launched National Trade Blueprint (NTBp) by Prime Minister Datuk Seri Ismail Sabri Yaakob aims to position Malaysia as a dynamic and pre-eminent trading nation through sustainable export development.
This will support the realisation of the country’s export target of RM1.252 trillion in 2025 as set by the 12th Malaysia Plan (12MP).
According to Ismail Sabri, the NTBp outlines a five-year (2021-2025) development strategy and initiatives to enhance Malaysia’s trade competitiveness, specifically in the exports of merchandise.
“The blueprint will elevate the nation’s trade competitiveness and strengthen its position as a leading export country.CLICK TO ENLARGE
“It reflects the government’s clear ambitions to further develop Malaysia’s position and competitiveness in international trade.
“More importantly, this blueprint is set to supplement the policies outlined in the 12MP towards meeting its targets with clear, actionable, and focused recommendations,” said Ismail Sabri in his speech during the online launch of the NTBp yesterday.
The blueprint will also affect the people in a positive manner, he said adding that besides advocating an economic agenda that is aligned with the nation’s social landscape, the blueprint’s key thrusts and recommendations strive towards inclusivity, fair distribution of wealth, narrowing of inequality gaps, elevating livelihood of Malaysians, as well as providing positive impacts for the nation through higher income generation.
The NTBp was developed by Malaysia External Trade Development Corp (Matrade) under the purview of the Ministry of International Trade and Industry (Miti) to increase Malaysia’s trade through an improved business ecosystem.
The blueprint’s framework is guided by four strategic priorities, three strategic themes and eight strategic thrusts with 40 recommendations to improve and enhance Malaysia’s trade competitiveness.
Among the specific areas under the ecosystem covered by the NTBp are trade facilitation and logistics, standards and conformance, trade promotion and market access, sustainability and innovation, digitalisation and technology as well as investment and branding.
The four strategic priorities include increasing exporting companies by uplifting the capabilities of small and medium-sized enterprises (SMEs) and encouraging them to be part of global value chains, and also increasing high value exports by looking into ways of exporting more high value export goods and, improving Malaysia’s current offerings, as well as diversifying export products by moving into other non-commodity export products, specifically high value niche products, through intensive promotional activities.