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      20 September 2019  

SDC SMEs showcase their products at the 16th China-ASEAN Expo

 

Nanning, People's Republic of China (Friday) - The Sabah Economic Development and Investment Authority (SEDIA) is currently participating in China-ASEAN Exposition (CAEXPO) 2019, which is held at the Nanning International Convention and Exhibition Centre (NICEC). As part of the SEDIA delegation, five Sabah entrepreneurs under SDC SME development initiatives have the opportunity to promote their Sabah-made products to the China market. During the opening ceremony of the Malaysia Pavillion this afternoon, these entrepreneurs were able to showcase their products to Malaysia Minister of International Trade and Industry Datuk Seri Panglima Datuk Darell Leiking and Sabah Deputy Chief Minister cum State Minister of Trade and Industry Datuk Seri Panglima Wilfred Madius Tangau.

 
  SEDIA Chief Executive Datuk Dr. Mohd Yaakub Hj Johari (right) presenting a memento to Federal Minister of International Trade and Industry Datuk Darell Leiking (centre), as Sabah Deputy Chief Minister cum State Minister of Trade and Industry Datuk Seri Panglima Wilfred Madius Tangau (left) looks on

Having realised the potential of SME contributions to the state economy, SEDIA had developed initiatives and has been actively involved in SME development in Sabah since during the Second Phase of SDC (2011-2015) and into the current Third and final Phase of SDC (2016-2025), in line with one of the three principles of SDC, which is capturing economic value activities. A crucial component of SDC SME programmes has been the SDC SME Incubator programme, conducted over a two-year period. The five entrepreneurs attending CAEXPO 2019 are participants of the SDC SME Incubator programme, which had provided various forms of assistance towards developing their respective businesses and products.

The five entrepreneurs that are participating in CAEXPO 2019 are:

  • MSHerbal (organic pegaga and snakegrass tea, and pegaga moisturising cream);
  • Fuzzo Global (perfume products);
  • Little Penyu (natural infant and mother balm products);
  • Jooskin (virgin coconut oil-based wellness products); and
  • EQUS Borneo (Sabah snakegrass health drink).

The first CAEXPO was held in November 2004, and Nanning has since become the permanent host city for the annual event, as well as a hub for bilateral exchanges between China and ASEAN. 2019 is the fourth year where SEDIA had participated in CAEXPO, which is also the largest overseas exhibition participated by MATRADE since 2004. This year, the Malaysia Pavilion comprises of 178 booths, made up of 167 Malaysian exhibitors. The pavillion is located at Hall 13 of NICEC, where the focused clusters promoted are food and beverages, health and wellness, and the lifestyle and services industries. In sequence of all participating ASEAN countries, Indonesia is the Country of Honour for CAEXPO 2019, which is held on September 21-24, 2019.

The mission for CAEXPO is to consolidate the friendly relationships between China and ASEAN, while accelerating the construction of the China-ASEAN Free Trade Area (CAFTA) and promoting the cooperation between both sides in various fields. The expo is meant to focus on opening China markets to ASEAN, providing an effective bridge for ASEAN products. During 2018, bilateral trade between Malaysia and China amounted to USD$108.74 billion, a 12.74 percent increase from the USD$96.45 billion in 2017. From this figure, Malaysia's exports to China in 2018 reached USD$63.22 billion, while imports from China were valued at USD$45.52 billion. Malaysia's bilateral trade with Guangxi for 2018 was valued at USD$1.17 billion.

The SDC initiatives by SEDIA support, and are aligned with, the State and Federal governments' efforts and initiatives to develop local and bumiputera SMEs, so as to increase the number of locally developed businesses, products and services. The State government, under Chief Minister Datuk Seri Panglima Mohd. Shafie Apdal, has emphasised on the need to develop local entrepreneurs to contribute to the state economy. In Budget 2019, the Sabah Government allocated RM24.45 million for special fund and loan for entrepreneurial development including for youths, to help encourage the activities of SMEs in Sabah, thus highlighting their importance and contribution to the state economy. Additionally, the Ministry of Agriculture and Food Industry announced that a Young Agropreneur Grant programme is offered. Recent investments in Sabah had been largely contributed by domestic investment, reflecting a positive development to the government's efforts in intensifying value-added activities among local entrepreneurs and investors.

- Media SEDIA

   
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