Impact Of Global Uncertainty On Trade, Investment Known In Three Months
KUALA LUMPUR, April 18 (Bernama) -- The impact of global uncertainty stemming from political situations in the Middle East and North Africa, the devastating tsunami in Japan and debt and deficit woes in Europe and the US on Malaysian trade and investment is expected to be known in two to three months.
As of now, Malaysia was still able to withstand it based on the encouraging trade growth in the first two months of 2011, International Trade and Investment Minister Datuk Seri Mustapa Mohamed said Monday.
"This year will be more challenging than 2010 but it's too early to gauge the impact.
"We are monitoring the situation. We have yet to make revisions on the trade and investment figures because so far we feel we can hold on," he told reporters after the ministry's monthly assembly here.
Malaysia's total trade last year was RM1.2 trillion, and the ministry has set a growth target of 10 per cent for 2011 with promotional and outreach programmes being planned.
"I hope what have been planned for the first quarter have been successfully implemented.
"I really hope the ministry staff and agencies under the ministry will give their best, and the programmes implemented achieve their objectives and benefit the people," Mustapa said.
He also said that the construction of the Malaysia External Trade Development Corporation's exhibition centre would begin in two to three months, for completion in four years. -- BERNAMA
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