Zuraida expects exports of rubber and rubber products to reach RM140 billion this year

PETALING JAYA: Exports of rubber and rubber products are expected to increase to RM140 billion this year from RM71 billion in 2021 and RM49.2 billion in 2020, the Minister of Plantation Industries and Rubber Products said. base, Datuk Zuraida Kamaruddin.

She said the rubber industry has seen an encouraging performance from the tire industry, with tire exports increasing by 30.5% to RM1.7 billion in 2021 from RM1.3 billion. in 2020.

“Malaysia’s contribution to exports of high-value goods and improved export performance of dry rubber products along with an increase in consumption of locally produced rubber has led to the increase in export performance. export,” she told reporters after the launch of the International Rubber Industry Convention and Exhibition Malaysia (IRICE 2022) here today.

Meanwhile, the Ministry of Plantation and Commodity Industries is coming up with strategic solutions to rid the country of labor allegations in the rubber industry, she said.

The department will work with the rubber association and the agency and do their part to find solutions and it will take a continued effort to expel these allegations and root out the labor issues that plague the commodity sector.

“That’s the thing we’re going to work on together and right now we need to cement our narrative at the European Union (EU) and the World Trade Organization (WTO) in a more concerted way than do it on an ad hoc basis.

“We have to do it in a concerted way where the ministry itself would play a role and consolidate in representing the country as a whole. This is something we have to do and we speak with one voice,” he said. she declared. – Bernama