Malaysia trade authority expects 3 pct growth from country’s biggest halal fair
KUALA LUMPUR - The Malaysia External Trade Development Corporation (MATRADE) is expecting 3 percent growth from last year’s 1.78 billion ringgit ($436 million) trade value for the upcoming Malaysia International Halal Showcase (MIHAS) 2019, MATRADE chief executive Wan Latiff Wan Musa told Salaam Gateway.
This modest increase is in line with a weakening global expansion—the International Monetary Fund expects global growth of 3.5 percent this year from 3.7 percent in 2018—and lower price of palm-based products.
MATRADE also expects growth from the International Sourcing Programme (INSP), but outcomes will only be announced at the end of the annual trade show.
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Ahmad Mustakim Zulkifli