Malaysian furniture exporters eying big orders from China expo
The China International Furniture Expo was held 8-11 September and the Malaysian Timber Council (MTC) is eying potential orders for Malaysian furniture worth around RM40 million.
The China International Furniture Expo was held 8-11 September and the Malaysian Timber Council (MTC) is eying potential orders for Malaysian furniture worth around RM40 million. 18 Malaysian companies, including six first-time participants, exhibited in the Malaysian pavilion to promote their dining room, bedroom furniture along with occasional furniture and upholstered furniture.
This is one of China’s major furniture fairs and is an annual event organised by the China National Furniture Association and the Shanghai UBM Sinoexpo International Exhibition Co. Ltd.
Last year Malaysia's export of wood products including furniture to China were worth RM816 million which was almost 4% of all wood product exports.
In 2013 Malaysia and China agreed to try and increase bilateral trade to US$160 billion by 2017 after China upgraded Malaysia to be its full strategic partner. This bilateral arrangement seeks to take advantage of opportunities generated from China’s ambitious ‘Belt and Road’ trade initiative.
(Source: ihb.de)
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