Malaysia is eyeing to expand local exporters' opportunities in new markets: Africa and Latin America.
Malaysia have been involved in the Asian market, the US and Europe, so it is time to extend to other emerging economies in Latin America and Africa in sectors like manufacturing, education, services, construction, oil and gas. As Malaysia’s technology development is more advanced compared to some of these markets, Malaysia plans to offer them their technology's products and services.
For example, recently, Hyrax Oil (lubricant manufacturer in Malaysia) and the national company of Mozambique, Petroleos De Mocambique, S.A (Petromoc) have reached an agreement to foster synergies and share gains.
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