Prime Minister Anwar Ibrahim’s maiden visit to Brazil has come into fruition when it generated potential export worth RM6.8 billion over the next three to five years.
When asked about this remarkable outcome, Anwar credited this success to ongoing discussions with 58 industry leaders representing 28 leading companies and business associations in Brazil who also showed an openness to investing in Malaysia.
“This round-table meeting generated export potential of RM6.8 billion for the next three to five years” Anwar mentioned during a press conference of Monday.
Although the Malaysian delegates are far from home, attending the G20 Summit in Rio de Janeiro, they have identified several key export opportunities such as oil and gas services, semiconductors, palm oil, aerospace components, and food and beverage products.
Brazilian companies involved in these round-table discussions collectively imported RM1.16 billion worth of Malaysian goods and services in 2023.
Malaysia and Brazil also share strong bilateral and multilateral ties across various fields including semiconductors, information and communication technology, halal producsts and vegetable oils.
Separately, Malaysia and Brazil are keen to explore more initiatives during Malaysia’s ASEAN chairmanship nexy year, coinciding with Brazil’s BRICS presidency and its role as host for the 30th United Nations Climate Change Conference (COP30).
These ongoing efforts signify the commitment, dedication and perseverance of the MADANI government to explore investment opportunities and leverage on bilateral partnerships far and wide.
