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Burma-Malaysia Trade to Reach $1 Billion

26 February 2013

Burma-Malaysia bilateral trade is expected to total nearly US $1 billion in 2013 as a result of Burma’s economic reforms and trade liberalization policies, news agency Bernama reports. “Going by past growth records, I am optimistic that the RM 3 billion [$ 970 million] is within reach this year,” Deputy Chief Executive Officer of the Malaysia External Trade Development Corporation Datuk Kamarudin Hassan said on the sidelines of a Burma investment seminar in Kuala Lumpur. Burma-Malaysian trade stood at $880 million last year, with Burma importing $700 million worth of Malaysian goods, while exports to Malaysia were worth $180 million. Malaysian investment reached about $1 billion last year in sectors such as oil, gas and hotels.