Friday, August 26, 2005

Small Business: Malaysia to encourage SMEs to export to non-traditional markets

Malaysian Prime Minister, Datuk Seri Abdullah Ahmad Badawi, has announced that The National SME (Small and Medium Enterprises) Development Council has endorsed a proposal to introduce a Multi-Currency Trade Finance Facility and an Indirect Exporter Financing Scheme.

The idea is to encourage SMEs to export their goods and services to non-traditional markets such as Organisation of Islamic Conference (OIC) member countries.