MATRADE and Malaysia Digital Economy Corporation Signs MoU to Assist Tech Companies to Increase Global Presence

Malaysia External Trade Development Corporation (MATRADE) and Malaysia Digital Economy Corporation (MDEC) have signed a Memorandum of Understanding (MoU) to strengthen existing alliances and strategic collaboration.

The MoU aims to help current and export-ready Malaysian tech companies strengthen their global footprint through more concerted and collaborative trade promotion initiatives, according to a joint statement issued by the agencies on Sept 11.

The Memorandum of Understanding was signed by Mohd Mustafa Abdul, CEO of MATRADE, and Ts. Mahadhir Aziz, CEO of MDEC. The MOU Exchange Ceremony was witnessed by MATRADE's Senior Board member, Hazimah Zainuddin, on the sidelines of MATRADE's International Sourcing Programme (INSP) held in conjunction with Malaysia International Halal Showcase (MIHAS) 2023 today at Menara MATRADE.

According to MATRADE's CEO, Datuk Mohd Mustafa Abdul Aziz, the MoU will result in increased collaboration between both agencies, accelerating the transformation of local tech champions into global players.

This is consistent with the goal of Malaysia Prime Minister Anwar Ibrahim's recently launched New Industrial Master Plan (NIMP) 2030. "Among others, NIMP focuses on the government's mission to encourage Malaysian businesses to embrace technology and digitalisation in order to drive innovation, improve productivity, and create new opportunities for economic growth," Mohd Mustafa explained.