MINISTRY IN INTERNATIONAL TRADE AND INDUSRTY

By Saravanesh Maniam

   Topic:Ministry in International Trade and Industry.

                        MINISTRY IN INTERNATIONAL TRADE AND INDUSRTY

The Ministry of International Trade and Industry, is a government ministry that is responsible determining the policies and direction to achieve the goals of International Trade and Industries, in Malaysia .The main objective of this ministry is to plan, legislate and implement international trade and industrial policies that will ensure Malaysia’s rapid development towards achieving National Economic Policy and Vision 2020.

International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

MATRADE publishes Malaysia’s monthly, quarterly and annual trade statistics covering Malaysia’s export and imports by commodities or countries. These statistics can be obtained from MATRADE’s portal and MATRADE’s Business Information Centre (BIC).

 

This is Summary of Malaysia's Monthly Trade 2013

 

 

 

Month	Total Exports  (RM Billion)	Total Imports (RM Billion)	Total Trade  (RM Billion)	Balance of Trade (RM Billion)
August	62.90	55.79	118.69	7.11
July	60.73	57.87	118.59	2.86
June	56.75	52.43	109.18	4.32
May	55.79	52.91	108.71	2.88
April	55.81	54.77	110.58	1.04
March	60.01	55.14	115.15	4.87
February	52.46	44.26	96.72	8.21
January	56.99	53.72	110.72	3.27

Our country Malayasia International Trade And Industry can be improved to a better level with a few changes .

 Trade often stimulates diffusion of new technologies and innovations. New technologies and innovations not only improve the overall effectiveness of production, but also improve standard of living of people. 

Through trade many countries in the world can obtain various resources like oil or iron ore. Without resources there can be basically no production and no growth. 

 Trade stimulates competition between companies and again there is more effectiveness in the economy. 

Our country,Malaysia itself should be producing high quality technology for multi-purpose.  Besides that they should get reviews from the citizen to improve their product in all aspects. Getting review from the public will be more better because they are the one who purchases it. Addition to that, if Malaysia is producing a technology they will be definitely be more job opportunities.