Deputy Minister Highlights Collaboration as Catalyst for Inclusive Economic Growth
Deputy Minister of Investment, Trade, and Industry, Liew Chin Tong, emphasized the importance of collaboration in promoting inclusive economic growth and strengthening Malaysia’s digital trade ecosystem.
Collaboration for Economic Progress
Speaking at the official launch of the Malaysia External Trade Development Corporation’s (Matrade) Digital Trade Platform (MDTP), Liew underscored the significance of public-private partnerships in advancing the country’s economic objectives. He cited the partnership between Matrade and Fusionex Group as a key example of the successful collaboration between government and industry to enhance Malaysia’s trade capabilities.
Liew acknowledged that the joint effort between Matrade and Fusionex has been instrumental in positioning Malaysia’s trade ecosystem for future success. “This partnership has shown that collaboration is not just essential but a powerful tool for achieving inclusive growth,” Liew stated.
The Role of MDTP in Empowering Local Businesses
Liew highlighted how the inclusion of MDTP into Malaysia’s export ecosystem is set to transform local companies into global leaders. The platform, powered by Fusionex’s AI-driven solutions, aims to offer the necessary support and resources to Malaysian companies, particularly micro, small, and medium enterprises (MSMEs), to help them thrive in international markets.
He further expressed his belief that MDTP could act as a launching pad for local businesses, providing them with the guidance and exposure needed to expand their reach to global markets. “The Digital Trade Platform will enable local businesses to not only reach international buyers but also showcase the quality of Malaysian-made products to a global audience,” Liew explained.
Fusionex’s Role in Shaping the Digital Landscape
Fusionex, a leader in data technology, has made significant contributions to the success of this initiative. Liew praised Fusionex for its remarkable investment in technology and innovation. “Fusionex’s ability to develop a state-of-the-art AI platform in such a short period has been integral to the progress of Malaysia’s export ambitions,” he said, adding that Fusionex’s expertise continues to shape the digital landscape and contribute to Malaysia’s growth.
Matrade: Empowering MSMEs for International Expansion
Matrade, known for its role as a catalyst for local businesses, particularly MSMEs, has been actively involved in initiatives aimed at helping businesses break into international markets. The digital solutions offered by MDTP are designed to simplify the complexities of global trade, ensuring that Malaysian businesses can operate more efficiently on the global stage.
“MDTP provides a full spectrum of digital tools that help Malaysian businesses overcome the hurdles of international trade and stay aligned with evolving trade standards,” Liew added. This, he believes, will pave the way for sustained success and greater efficiency for local companies as they expand globally.
A Vision for Global Export Success
Launched in July 2022, MDTP is the result of a collaboration between Matrade and Fusionex, combining cutting-edge AI technology with a user-friendly platform designed to maximize Malaysia’s export potential. By leveraging these advanced technologies, the platform aims to support SMEs in accessing international markets and enhancing Malaysia’s global trade standing.
This partnership represents a significant milestone for Malaysia’s digital trade ambitions, with both Matrade and Fusionex committed to continuing their efforts to empower local businesses and provide the necessary resources for their international success.
