Malaysia Expects its Export to OIC Countries to Grow 5% this Year

Malaysia’s export to the Organisation of the Islamic Conference (OIC) countries is expected to increase by five per cent this year, from US$19.99 billion (RM80.7 billion) recorded last year, said International Trade and Industry Deputy Minister Datuk Ahmad Maslan. 
In the first quarter of this year, total exports to OIC countries stood at RM19.21 billion, up 12.9 per cent, compared with the same period a year ago. 
Ahmad said the growth projection was based on the promising economic prospects for OIC countries, as well as, the fact that Malaysia offered opportunities not only in trade and investment in halal goods and services but also in the oil and gas industry. 
"Exports to OIC countries can be expanded further to include other halal-based products like cosmetics, medicine and services. 
"Malaysia and other OIC countries are Muslim countries and this makes it easier to trade with each other compared with non Muslim countries".