EXIM Bank To Assist Entrepreneurs Explore Business In TPPA Countries
The Export-Import Bank of Malaysia Bhd (EXIM Bank) will assist Malaysian entrepreneurs explore business opportunities in the Trans-Pacific Partnership Agreement (TPPA) member countries.
Exim Bank Chairman Datuk Mat Noor Nawi said local entrepreneurs are encouraged to explore markets in TPPA member countries and the bank would assist with financing.
"In this context, Exim Bank has a role to play in financing businesses that are conducted outside the country.
"In fact, all this while, we have been offering loans to entrepreneurs to penetrate overseas markets. So far, we have 400 exporters and importers as our clients and they were all offered maximum loans of up to RM200 million," Mat Noor told reporters after presenting RM120,000 to 150 orphans, underprivileged students, disabled people and the elderly in Lubok Setul, Rantau Panjang here today.
On Feb 4, Malaysia, Australia, Brunei, Canada, Chile, Japan, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam signed the TPPA to expand markets, reduce tariffs and to promote freer trade.