PUTRAJAYA 27 OCTOBER 2016. Menteri Perdagangan Antarabangsa dan Industri, Datuk Seri Mustapa Mohamed ketika berucap di majlis Penyampaian Anugerah Konvensyen Team Excellence Peringkat Kebangsaan 2016 di Pusat Konvensyen Antarabangsa Putrajaya (PICC). NSTP/MOHD FADLI HAMZAH

Malaysia, African nations seek to double trade volume by 2021

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Malaysia and countries in the African continent must further develop trade between the two parties and double trade to US$16 billion (RM67.2 billion) by 2021. Minister of International Trade and Industry Datuk Seri Mustapha Mohamed said that the 2015 trade of US$8 billion (RM33.6 billion) was far too small in light of the African continent’s more than a billion population. He said, in comparison, Malaysia’s trade with China which also had a population of one billion people was US$100 billion (RM420 billion) annually. Mustapa was speaking at the launch of the two-day Africa Business Day here today. The event features business seminars, workshops, one-to-one business meetings and networking sessions between Malaysian and African businesses.