The recent summit, SelectUSA, organised under the auspices of the US Department of Commerce, attracted considerable interests from traditional investment destinations to invest in the US.
Malaysia is one of the countries displaying "keen interest" in investments in the US.
Malaysian Trade Commissioner here, Muhd Shahrulmiza Zakaria, said Malaysia has six representatives.
"While the majority of them represented the corporate sector, one was from the banking sector and I represented the Malaysia External Trade Development Corp (Matrade) office here," he said in an interview with Bernama.
Beside Shahrulmiza, Catherine Spillman, the Commercial Counsellor from the US Embassy in Kuala Lumpur, also attended the summit.
"Malaysian companies are interested to invest in the US with a view to tap the US market. The companies are keen to set up a subsidiary or a representation in the US.
"Some appoint a local representative or send a company representative to the US to look after their interests," Shahrulmiza said.
Shahrulmiza said some Malaysian companies were keen to set up a logistics centre to maintain a buffer stock of their products which could be distributed locally instead of having to import on an order-by-order basis which was not viable in the case of large exporting companies.
"Malaysian companies' present strategy is to set up a warehouse or a distribution centre where stocks of imported products can be maintained," he said.
"Three companies – two in rubber production business and one in chemical production – were setting up operations in the US," he said.
He said despite the election year in the US the business community was very optimistic, even though there will be a change of leadership.
"SelectUSA offers a good platform for matchmaking between US and Malaysian companies," he said.
The trade commissioner said e-Commerce will have a significant impact on Malaysia’s exports in the future.
"The company can be located in Malaysia but its exports can take place from anywhere because it is going to take place online.
"Malaysia is also collaborating with online trading portals, including Amazon in the US," he said.
Malaysian food companies will also be participating in the three-day New York Fancy Food Show which kicks off tomorrow.
Although essentially conceived as a regional show, the NYFFS has evolved to become North America's leading food show, attracting buyers and exhibitors from all over the American continent.
"Though we are officially not sponsoring any Malaysian companies this time for the NYFFS, Malaysian brand-name companies will be participating in the show on their own," Shahrulmiza said.
Most popular Malaysian products showcased at this show include biscuits and jellies, sauces, coconut chips, snacks, confectionery, instant spices, etc.
"Though Matrade is not officially participating this time, I will hold meetings with some of the Malaysian exhibitors at the show," he added.
Bernama
Sat Jun 25 2016
A file photo of an American flag hanging on the New York Stock Exchange (NYSE) building. Malaysian companies are interested to invest in the US with a view to tap the US market. - Spencer Platt/Getty Images/AFP
AWANI Ringkas: Taktik baharu scammer
Ikuti rangkuman berita utama yang menjadi tumpuan sepanjang hari di Astro AWANI menerusi AWANI Ringkas.
AWANI 7:45 [20/04/2024] - Noktahkan kemiskinan Sabah | Belum tahu jumlah peruntukan pembangkang | Freedom Flotilla to Gaza | Thailand terima 10.72 juta pelancong asing
#AWANI745 malam ini bersama Dzulfitri Yusof;
1. Noktahkan kemiskinan tegar Sabah, kata PM
2. PN masih tunggu butiran MOU, peruntukan pembangkang
3. Freedom Flotilla jalani latihan anti keganasan sebelum ke Gaza
4. 1.3 juta pelancong Malaysia ke Thailand
1. Noktahkan kemiskinan tegar Sabah, kata PM
2. PN masih tunggu butiran MOU, peruntukan pembangkang
3. Freedom Flotilla jalani latihan anti keganasan sebelum ke Gaza
4. 1.3 juta pelancong Malaysia ke Thailand
Dua polis BSI ditahan bantu siasatan kes pemerasan
Dua anggota polis yang berkhidmat di Bangunan Sultan Iskandar (BSI) ditahan semalam, bagi membantu siasatan kes pemerasan melibatkan seorang lelaki tempatan yang bekerja di Singapura.
Malaysia-Thailand tingkat kerjasama atasi jenayah
Malaysia dan Thailand setuju tingkat kerjasama untuk membanteras jenayah rentas sempadan.
#AWANI745
#AWANI745
MCMC lapor polis terhadap Papagomo, Che Gu Bard dan Salim Iskandar
MCMC menegaskan pihaknya melaksanakan tugas dan tanggungjawabnya berpandukan Akta Komunikasi dan Multimedia 1998, dan kesemua undang-undang subsidiari yang terkandung di dalamnya.
#AWANI745
#AWANI745
Kursus Perdana Haji peringkat Wilayah Persekutuan
Hari ini bermula Kursus Haji Perdana secara berperingkat yang dianjurkan oleh Lembaga Tabung Haji.
Ini adalah persediaan terakhir kepada bakal Haji Malaysia untuk mempersiapkan diri sebagai tetamu Allah di tanah suci nanti.
#AWANI745
Ini adalah persediaan terakhir kepada bakal Haji Malaysia untuk mempersiapkan diri sebagai tetamu Allah di tanah suci nanti.
#AWANI745
1.39 juta pelancong Malaysia ke Thailand
Thailand terima ketibaan 10.72 juta pelancong asing termasuk 1.39 juta dari Malaysia.
#AWANI745
#AWANI745
Delegasi Malaysia jalani latihan anti keganasan
Latihan ini bagi mempersiapkan peserta dalam mendepani segala kenungkinan dan provokasi yang mungkin berlaku semasa pelayaran menghantar bantuan ke Gaza berlangsung.
Syaff Shukri di Istanbul, Turki ada perinciannya.
#AWANI745
Syaff Shukri di Istanbul, Turki ada perinciannya.
#AWANI745
Bekas tokoh Bersih lancar Projek SAMA, tingkat akauntabiliti
Tujuh bekas BERSIH pada Sabtu melancarkan sebuah organisasi yang memperjuangkan reformasi institusi dikenali sebagai Projek SAMA.
#AWANI745
#AWANI745
[TERKINI] Dua polis bsi ditahan bantu siasatan kes pemerasan
Dua anggota polis yang berkhidmat di Bangunan Sultan Iskandar di Johor Bahru ditahan bagi membantu siasatan kes pemerasan membabitkan seorang lelaki tempatan yang bekerja di Singapura.