Malaysia’s palm oil and other related products are the main pillars of boosting trade with the Republic of Korea (RoK), said Malaysian Ambassador to the RoK Rohana Ramli.
Total RoK imports of palm oil from Malaysia grew by 53.62 percent from 236.5 million USD in 2010 to 363.3 million USD in 2014.
Meanwhile, exports of palm-based products in 2014 amounted to 491.2 million USD, up 13 percent from the previous year, according to the Malaysian Palm Oil Board (MPOB).
The ambassador said the scope and volume of trade between Malaysia and the RoK, particularly in palm oil and related products, could be expanded through trade fairs and workshops as well as through economic cooperation under the ASEAN-Korea Free Trade Agreement and the second wave of Malaysia's Look East Policy.
Malaysia's exports to the RoK include non-metallic mineral products, processed food and commodities, and palm oil, and they import mainly electronics, electrical products and iron and steel products.-VNA
Total RoK imports of palm oil from Malaysia grew by 53.62 percent from 236.5 million USD in 2010 to 363.3 million USD in 2014.
Meanwhile, exports of palm-based products in 2014 amounted to 491.2 million USD, up 13 percent from the previous year, according to the Malaysian Palm Oil Board (MPOB).
The ambassador said the scope and volume of trade between Malaysia and the RoK, particularly in palm oil and related products, could be expanded through trade fairs and workshops as well as through economic cooperation under the ASEAN-Korea Free Trade Agreement and the second wave of Malaysia's Look East Policy.
Malaysia's exports to the RoK include non-metallic mineral products, processed food and commodities, and palm oil, and they import mainly electronics, electrical products and iron and steel products.-VNA
