KUALA LUMPUR: The country's trade is likely to grow by two per cent in 2016 amid the challenging economic environment, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
He said the growth would be supported by the government focus on trade in the Asean market.
"Among our focus will be Asean nations. Asean is the largest trading region which contributes significantly to Malaysia's total trade," he told reporters after launching the "Generation of New Exporters" programme here today. Mustapa said the government plans to increase the number of export-ready Bumiputera entrepreneurs via programmes under Young Entrepreneur Organisation Malaysia (GMB).
"We will ask them to increase programmes to help boost the country's exports for 2016 and 2017," he added.
GenEx, a specialised programme to help spur Bumiputera youth entrepreneurs' export ventures, is a collaboration between the Malaysia External Trade Development Corporation (MATRADE) and GMB.
GMB will be scouting 100 youth-owned companies in Malaysia to be GenEX participants, said MATRADE Chief Executive Officer Datuk Dzulkifli Mahmud.
He added that of the 100 companies, 30 will stand a chance to start exporting their products and services to five countries -- the United Kingdom, the United Arab Emirates, Singapore, the Netherlands and Qatar.-- BERNAMA