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Malaysia's Trade To Grow By 88 Per Cent In 2025 [ 15-12-2011 ]

KUALA LUMPUR, Dec 8 (Bernama) -- Malaysia's trade volume is expected to grow by 88 per cent to US$552.8 billion in 2025 from US$325.3 billion in 2010, said HSBC Bank Malaysia Bhd.

Its trade and supply chain director, Ng Wei Wei, said Malaysia's merchandise trade volume in 2025 would account for 1.1 per cent of total global trade.

"The key sectors driving Malaysia's growth clearly will be in commodities such as rubber, iron, palm oil and steel, as well as agricultural products," she said at a media briefing after a presentation on the overall Asia-Pacific trade outlook and trends here Thursday.

She said HSBC was bullish and positive on the outlook of the country despite the uncertainties of global environment.

Meanwhile, HSBC trade and supply chain regional head for Asia-Pacific (ex-Hong Kong and Macau), Simon Constantinides, said world trade volumes were expected to grow dramatically over the next 15 years, expanding by 73 per cent by 2025.

He said HSBC was positive of Malaysia's future.

"Of the 65 countries we are operating in, Malaysia is in the top 20," he said.

-- BERNAMA

 

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