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375638
Wed, 07/29/2015 - 13:04
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Malaysia-Germany Trade Set To Grow By 5-7 Pct More: Chamber

KUALA LUMPUR, July 29 (Bernama) -- Malaysia-Germany total trade, which touched a high of €10.9 billion (€1 = US$1.10) last year, is expected to grow by between five and seven per cent more this year, says Malaysian-German Chamber of Commerce and Industry (MGCC). Executive Director, Alexander Stedtfeld, said the total trade would hit the above €11 billion mark by 2016, driven by trade in manufactured products. He said German imports from Malaysia were the highest ever in 2014 at €6.1 billion while exports to this country were €14.8 billion. "Currently, the trade surplus is in Malaysia's favour. Following a steady growth trend, German exports to Malaysia should do better in 2015 and the total trade could go above €11 billion next year," he said after presenting results of the ASEAN Business Climate Survey 2015 here Wednesday. Steadtfeld said the survey showed that overall, German businesses were positive on the economic outlook in ASEAN. "In the run-up to the ASEAN Economic Community 2015, German businesses, including the small- and medium-sized enterprises (SMEs), are increasing their engagement in the region,” he said. On perception of companies based in Malaysia, Stedtfeld said in general, the survey found that German companies were mostly satisfied with the economic situation in the country. "As a business chamber, we meet German companies every month in Kuala Lumpur and Penang (northern state) we receive mainly positive. So we are not worry about the future of our companies here and the future of Malaysia,” he said. -- BERNAMA

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