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Home International Customs

Malaysia’s total exports to GCC hit RM18.79b in 2014

byCustoms Today Report
23/11/2015
in International Customs
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KUALA LUMPUR: Malaysia’s total exports to Gulf Cooperation Council (GCC) countries amounted to RM18.79 billion in 2014, up by 2.5 per cent year-on-year, says the Malaysia External Trade Development Corporation (Matrade).

“Although the penetration of Malaysian manufacturers or companies into the GCC market has been relatively small, it is still an important and prosperous market for us to further tap into,” said Director of ICT Trade and Services Promotion Division Sharimahton Mat Saleh She was speaking to reporters after delivering her opening remarks at the “Introduction of G-Mark Scheme in GCC” seminar here today. The amended G-Mark regulation – Technical Regulation (BD-142004-01) which takes effect on July 1, 2016 – will affect sectors such as consumer goods, toys, electrical & electronics, telecommunications and machinery, she said.

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“Today’s seminar aims to create awareness to the involved parties, and to ensure Malaysian companies remain competitive in the GCC market,” she added. The Technical Regulation covers safety and electromagnetic compatibility and is applicable in the GCC states.

It will be made mandatory for all low voltage electrical equipment and appliances manufactured in or imported to the GCC member states of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.

Tags: Malaysia’s total exportsto GCC hit RM18.79b in 2014

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