As a result of the increase in Chinese trade and exports, Malaysian ports are expecting to see a massive rise in cargo volume growth of more than 7.5% in 2015, according to the Malaysian Reserve.
Datuk Seri Liow Tiong Lai, Transport Minister for Malaysia, said: “Our ports are getting to be more competitive. Exports are growing. The strong trade relations with China will contribute to the growth.”
In the year-to-date, 11 million TEU were handled by Malaysia’s main port.
Mr Tiong Lai believes that the country’s economy will be more competitive as a result of the Trans Pacific Partnership Agreement (TTPA).
He said: “TPPA will also boost demands for local contents and this will help small and medium enterprises. These will further strengthen demands for Malaysian content and its economy.”