Skip to playerSkip to main content
  • 5 weeks ago
Malaysia’s agricultural industry has long been a pillar of its economy.

With the Hainan Free Trade Port in China, local producers and exporters can now tap into lucrative new opportunities for growth. From durians to aquaculture, new pathways for regional expansion are emerging.

Watch this video to explore the future of Malaysia-Hainan agricultural trade.

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Category

🗞
News
Transcript
00:01From tropical fruits to seafood exports, Malaysia's agricultural industry has long been a pillar of its economy.
00:09And now, a new gateway is opening at the Hainan Free Trade Port in China,
00:14offering a wealth of opportunities for Malaysia's producers and exporters.
00:28Hainan is positioning itself as a hub of tropical agriculture and imported foods.
00:34Policies encourage the importation, processing and re-export of agricultural products.
00:39For Malaysian businesses, this creates a soft landing to enter China with fewer market herders.
00:46One of the most promising commodities to gain from the Hainan Free Trade Port is Malaysia's durian.
00:53Yeah, actually this is the most hottest topic everybody is talking about,
00:57where China is currently using Hainan as one of the free trade zones to attract a lot of investors
01:03to actually have their first startups or first destinations enter because of the free trade facilities.
01:10So one thing about Hainan Free Trade Port, we can eventually enter into China,
01:15the first port of entry without flocking out the initial funding.
01:19And also that we can actually, you know, understand the whole infrastructure,
01:23how we can actually, from this first port, that we can go into China.
01:28On the first day of island-wide customs operations at the Hainan Free Trade Port,
01:331.5 tonnes of Malaysian durians cleared customs in under two hours.
01:39This is a clear example of the efficiency and convenience this port offers.
01:44And for the first time, in January this year, fresh Musang King from Malaysia reached China by sea.
01:51I'm actually considering to en route my first port of entry to Hainan to enjoy the facility first.
01:57From there itself, maybe I will partner with my new partners that who can actually do the on-ground activations.
02:03And from there itself, we can maybe think of actually doing secondary processing
02:08where we can bring in our goods in bulk and perhaps start up the factory or the production there
02:14where this will definitely help us in terms of putting our pricing to make things more affordable.
02:20So the cost, eventually I can see there's a significant savings.
02:24Most entrepreneurs are struggling entering into China with a lot of difficulty,
02:29especially when it comes to G2G, clearance and all those things.
02:31I think the China government is giving a very good platform for the first-timer
02:37or people who really wish to go into China to have this as the first port of entry.
02:41The Hainan Free Trade Port could be a game-changer for the seafood industry too.
02:46As one Malaysian company has discovered,
02:49collaboration extends far beyond simply selling to Chinese consumers.
02:53We are a farming and seafood supply chain company that we're already in this line for 25 years.
03:01Eventually, I also have a company in Hansanya.
03:03I think I sell it two years ago.
03:05We don't sell there, but we buy.
03:07We buy calabia fillet.
03:08We buy fingerlings, especially the silver pumpano fingerlings from Hainan.
03:13Because of weather, northern area of China, farming is also very limited
03:18because during winter, they have challenged cost to build an indoor hub,
03:24also very expensive.
03:25And the growth, they need more, longer time to grow.
03:29We have a very good environment of farming in Malaysia all year round.
03:3326-28 degrees of water, 33-37 degrees of weather, very good.
03:38Like we have a good baramundi, syaka, we have plants.
03:41Malaysia can be a backyard because Hainan,
03:43they still have a challenge of natural disaster.
03:46You see the typhoon coming in more often and often.
03:50Don't put all eggs in one basket.
03:52This is the worst I talk to my friends in Lingshui.
03:56They do brew stock.
03:58Then why not you put some technology here?
04:01We can win-win.
04:02We can help.
04:03Some can grow faster here.
04:05Why not we do it here?
04:07Success in Hainan requires a clear strategy.
04:10From identifying high demand products and understanding local regulations
04:15to forming partnerships with local distributors and logistics providers.
04:21Their culture will be different.
04:23You must understand whether they are consumption, data,
04:29what kind of product they like.
04:30That is where we face difficulty.
04:33But going to Hainan is probably a pilot place for them to test pay.
04:37This is number one.
04:38Of course, number two is that going to a new place,
04:40you need to understand a lot of local authority issues.
04:43And of course, more importantly is we don't know the market potential.
04:47SME may not know the market potential because you spend money to do
04:50market potential study, whatever is very expensive.
04:53And most SME do not have big capital to do that.
04:57Malaysia can leverage the Hainan Free Trade Port to strengthen its food security
05:01and reduce reliance on imports.
05:04One of the two most important areas is collaboration with China
05:09in solving our food security problem.
05:12Now, I'm looking at Hainan is not just a free trade zone
05:17offering incentive or tariff advantages.
05:20It's also emerging as an important regional platform for logistics,
05:25for food processing, technological transfer, investment,
05:28and an integrated supply chain development
05:32and a broader framework within the framework of ASEAN.
05:35For Malaysia, this opens up practical opportunities.
05:40One of the opportunities is exactly we can build shorter supply chains.
05:46Instead of taking from South America, we can now take it from China.
05:50Malaysia now has opportunity not merely to streamline
05:53or strengthen domestic food production,
05:56but also to reposition our agro-food sector as a new engine of growth,
06:01a new engine of entrepreneurship, technology, innovation, and youth participation.
06:07At the same time, new export opportunities could also emerge for Malaysia.
06:12Malaysia can expand exports, as I said just now, tropical fruits,
06:17and process agro-foods into the vast Chinese market
06:21through Hainan's getaway position.
06:23At the same time, Malaysia can position itself as a halal processing hub.
06:28Now, the rest of the Muslim world, we have 2 billion people there
06:31and distributing the meat or this halal food to the ASEAN,
06:36especially to the Middle East, back to China,
06:38and also to the rest of the Muslim world.
06:41So, if we increase our halal food production, we can also expand our food productions.
06:46In this sense, Hainan should not be viewed just simply as a port or a trading zone.
06:52It becomes a larger part of a regional ecosystem, food ecosystem,
06:57where trade, technology, investment, food security, logistic, and human development
07:02can be developed for long-term resilience and a shared prosperity.
07:08The Hainan Free Trade Port is more than a trade policy.
07:12It is a bridge connecting Malaysia's agricultural excellence to China and beyond.
07:17For the aquaculture and agriculture sectors,
07:20new pathways for growth and collaboration are opening up.
Comments

Recommended