Back-to-back trade missions to Iran and India from Feb 5 to 9.

Trade in palm oil, rubber and timber sectors with Iran, India.

Multi Management and Future Solutions Malaysia: Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong will lead back-to-back trade missions to Iran and India from Feb 5 to 9. 

In a statement today, Mah said the delegation he will lead comprises government officials and business leaders in the palm oil, rubber and timber sectors. 

The main purpose of these missions is to promote and strengthen exports of palm oil, timber and rubber products to Iran and India. 

"We look forward to strengthening business linkages between the trading and investing communities of Iran and India with Malaysia,” he said. 

Mah’s first stop tomorrow will be Tehran, where he will officiate the opening of the regional office of the Malaysian Palm Oil Board (MPOB), as well as the Palm Oil Trade Fair and Seminar (POTS Iran 2017). 

During his three-day visit to Iran, Mah will also hold bilateral discussions with Iranian ministers, including Mahmoud Hojjati, Minister of Agriculture; and Mohammad Reza Ne’matzadeh, Minister of Industry, Mine and Trade. 

"We would like to share with our friends in Iran the latest on palm oil’s nutritional benefits,” he said. 

From Jan to Nov 2016, Malaysia's trade with Iran was valued at RM2.59 billion. Total exports were RM1.97 billion and out of this, commodities contributed RM1.55 billion (or 78.7 per cent of total exports). 

In the 11-month period, palm oil exports amounted to RM1.21 billion, timber shipments were RM33.76 million and rubber made up RM268.94 million. 

From Tehran, Mah’s delegation will fly to Mumbai on Feb 8. There, he will officiate the Palm Oil Networking Seminar and convene a meeting with the Solvent Extractor’s Association of India. 

He will also hold a bilateral discussion with Devendra Fadnavis, Chief Minister of Maharashtra State, to explore areas for friendly cooperation. 

From Jan to Nov 2016, Malaysia's trade with India amounted to RM44.18 billion. Total exports were valued at RM29.24 billion and out of this, commodity products contributed RM9.57 billion (or 32.7 per cent of total exports). 

In the 11-month period, exports of palm oil amounted to RM7.8 billion, while timber shipments were RM1.42 billion and rubber, at RM279.53 million.

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