00:00I'm looking forward to capitalizing the performance achieved in 2025 to shape new opportunities in 2026.
00:30Malaysia has 17 bilateral and multilateral trade agreements that presents very big market access to our traders and our exporters.
00:42I would like to ask our exporters to go beyond traditional trade countries, trading nations, to explore growth centers.
00:56I think that is where the opportunities are.
01:01From the book, you can get all this data and then Maltrade will continue to help traders to increase their product complexity and also to help them facilitate trade and exports to all over the world.
01:19So, for example, E&E is because export of Malaysia.
01:23So, usually, they import semi-finished goods and we value it at, for example, packaging and then we export back.
01:32So, in that sense, it doesn't affect much because whatever the stronger the ringgit is, we buy the goods in cheaper.
01:40All right?
01:41And then we value-add, it exports.
01:43Actually, it works well to us.
01:45So, to us, maybe for some of the traders, like local, what do you call, our maybe made in Malaysia goods may have some problem but they somehow, they can, if we can help them to value-add, to make it more better, then they can go towards a higher value market.
02:09Which I think we should be moving towards, no longer a low-cost producer.
02:15Malaysia shouldn't be a low-cost producer.
02:17We should be a value, what do you call, a higher value, move up the value chain so that we make more money and quality money.
02:27That's what I think we are moving towards.
02:30And somehow, Malaysia has gone through from two, I mean, we used to have in three, some, three ringgit, I mean, one dollar, three ringgit, three ringgit, 80 cents.
02:39I mean, now it's only back to be less than four, you see?
02:45So, I think it is still a manageable situation.
02:48The MarTrade trade this year, 2026, three to five percent.
02:52Three to five percent.
02:53So, I think we have another caveat, because I think, let's say the economy as it is now, I think we can, we are optimist to achieve the targets.
03:01Of course, there will be Black Swan event, we don't know whether some big economy slowdown or our trade partners have an economic crisis.
03:10That one is beyond our control.
03:12Yeah?
03:13That, I think for now, like last year, we, MarTrade targeted five percent, three to five percent also.
03:21But it exceeded, six point three percent is tremendous success.
03:25Because last year, actually, people are expecting a US economic slowdown, but it didn't.
03:31So, I think we need to put things in perspective.
03:34We wanted to have more trade, but it is also limited.
03:39Sometimes it affected by global economic situation.
03:42Alright, thank you very much.
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