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Call for businesses to tap into vast global halal market

Useful insights: (clockwise from top left) Standard Chartered Bank Singapore’s Koh and Divya, HDC’s Hanisofian, Tanamera Tropical’s Faisal, Julie’s Ang, Matrade’s Leany and Standard Chartered Saadiq Malaysia’s Bilal.
KUALA LUMPUR: Malaysian businesses must actively tap into global halal market opportunities as they increasingly look outside the country’s borders for growth, according to speakers at the recent Export Excellence Awards (EEA) 2021 webinar.
Entitled Halal Export Opportunities, the second webinar in the EEA 2021 Webinar Series featured experts from a wide range of industries, starting off with Standard Chartered Bank Singapore economist (Asia) Jonathan Koh’s economic forecast for Malaysia and the world. ....

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Leveraging key strengths to thrive in global market

S Standard Chartered Singapore ASA FX Research head Divya Devesh will be speaking on matters relating to foreign currency, including the impact of foreign exchange (FX) rates on the Malaysian ringgit in particular.
KUALA LUMPUR: While the world is still reeling from the effects of the Covid-19 pandemic, it is imperative that Malaysian businesses actively seek opportunities for growth in the global market, especially in areas with exponential potential – such as the halal industry – that the country already has an advantage in.
This is also the core focus for the upcoming webinar titled Halal Export Opportunities, the second online live event under the Export Excellence Awards (EEA) 2021 Webinar Series. Those keen to attend can register at bit.ly/eeawebinar2. ....

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Tapping into export through FTAs

Star award 2
KUALA LUMPUR: Companies, including small and medium enterprises, should leverage free trade agreements such as the Regional Comprehensive Economic Partnership (RCEP) to export to countries in the Asia Pacific region, according to speakers at the first Export Excellence Awards (EEA) 2021 webinar.
RCEP, Asean’s biggest free trade agreement (FTA) to date, comprises all 10 Asean member states and five of Asean’s existing FTA partners to cover a market of 2.2 billion people with a combined size of approximately US$25tril (US$101.21 tril), which is about 29% of the world’s gross domestic product.
Its primary purpose is to serve as an overarching mechanism to facilitate free trade between the 15 countries with a single set of rules and procedures for accessing preferential tariffs. ....

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Commodities-based sectors early RCEP beneficiaries

“I think the immediate winners will be commodities-based players like palm oil players and palm oil-related products, rubber and rubber-related products and wood and wood-related products which include furniture. We are already quite strong in these industries, ” said independent project consultant Guanie Lim.
PETALING JAYA: Commodities-based industries are expected to be one of the early beneficiaries of the Regional Comprehensive Economic Partnership (RCEP) given Malaysia’s strong position in the sector.
The trade agreement will see member countries reducing 80%-90% of tariff lines and maintaining carve-outs for agricultural products.
“I think the immediate winners will be commodities-based players like palm oil players and palm oil-related products, rubber and rubber-related products and wood and wood-related products which include furniture. We are already quite strong in these industries, ” said independent project consultant Guanie Lim. ....

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Highlighting export opportunities for growth

Expert advice: Azmin, Ang and Sharimahton are among the speakers featured in the EEA 2021 Webinar Series.
KUALA LUMPUR: Companies keen to seek opportunities outside the country can tune in to the first webinar under the Export Excellence Awards (EEA) 2021 Webinar Series to find out more.
Titled “Shaping The Future: Broadening Economic Networks and Opportunities”, the webinar will be held virtually on Dec 15 from 8pm via the video conferencing platform Zoom.
Those keen to attend can register at bit.ly/eeawebinar1.
To kick off the webinar, International Trade and Industry Minister Datuk Seri Azmin Ali will give the keynote address on the Regional Comprehensive Economic Partnership (RCEP). ....

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