Malaysia Expo offers key to ASEAN market

The inaugural edition of the Malaysian Wood Expo 2019 (19-21 November) will be the first true coming together of top exhibitors in this part of the world. It is jointly organised by the Malaysian Timber Council (MTC) and the publisher of wood magazines, Panels & Furniture Group.

Scheduled to be held at the Putra World Trade Centre in Kuala Lumpur, MWE-2019 is expected to attract the finest international wood-based manufacturers and exporters – as well as woodworking machinery suppliers and buyers who will tap into the unlimited opportunities that some of the fastest-growing South-East Asian economies have to offer.

As the third-largest economy in Asia and fifth-largest economy in the world, ASEAN (Association of South-East Asian Nations) offers great opportunities with its recovery of exports and robust domestic demand. Since 2006, ASEAN’s Gross Domestic Product (GDP) has stood steadily at 5.3%.

Total exports from the ASEAN economies rose by 14.7% to US$ 1,322 billion in 2017. With several free trade agreements under its belt, trading with ASEAN countries will lead to a wealth of business opportunities.

Ranked as the second most competitive economy within the ASEAN bloc, Malaysia, with its well-developed infrastructure, sound political climate, strategic geographical location and business facilities, makes it an excellent gateway into ASEAN.

Malaysia will also be a good timber manufacturing hub for export to ASEAN, countries which has a combined population of over 640 million and a GDP of US$ 2.8 trillion.

MWE 2019 is going to be about the market, trends, new products and the place where the tendencies of tomorrow are going to be discovered by all. The MTC was established in January 1992 to promote the development and growth of the Malaysian timber industry globally.

MTC’s main objectives are to promote the Malaysian timber trade and develop the market for timber products globally, to promote the development of the industry by upgrading the industry’s manufacturing technology base, to augment the supply of raw materials, to provide information services and to protect and improve the Malaysian timber industry’s global image. (www.mtc.com.my).

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