Functions of the Corporation
Open ↗The Corporation shall have the following functions:
(a) to promote, assist and develop Malaysia’s external trade with particular emphasis on the export of manufactured and semi-manufactured products and, on a selective basis, imports;
(b) to formulate and implement a national export marketing strategy to promote the export of manufactured and semimanufactured products;
(c) to undertake commercial intelligence and market research and create a comprehensive database of information for the improvement and development of trade;
(d) to organize training programmes to improve the international marketing skills of the Malaysian exporters;
(e) to enhance and protect Malaysia’s international trade interests abroad;
(f) to represent Malaysia in any international forum in respect of any matter relating to trade;
(g) to develop, promote, facilitate and assist in the service areas related to trade;
(h) to advise the Government on matters affecting or in any way connected with trade and to act as the agent of the Government or for any person, body or organization on such matters; and
(i) to do all such other matters and things as may be incidental to or consequential upon the discharge of its functions.
Powers of the Corporation
Open ↗The Corporation shall have the power to do all things reasonably necessary or expedient for the purpose of discharging its functions, or which is incidental or conducive to the discharge of those functions, and in particular, but without prejudice to the generality of the following:
(a) to establish and maintain, with the approval of the Minister and concurrence of the Minister of Finance, offices in Malaysia and abroad;
(b) to engage in any commercial activity for the purpose of promoting and developing trade and services;
(c) to render assistance in any form to Malaysian exporters and importers;
(d) to maintain a comprehensive database of information on markets, products, buyers and suppliers;
(e) to establish and maintain, with the approval of the Minister and concurrence of the Minister of Finance, trade and exhibition centres in Malaysia and abroad to promote exports;
(f) to organize trade promotion activities such as participation in trade fairs and despatch of trade missions;
(g) to require the furnishing of information by Malaysian exporters and importers on matters relating to their businesses other than trade secrets;
(h) to publish or to sponsor the publication of periodicals, booklets and other information materials;
(i) to produce or to sponsor the production of documentary films and other audio-visual materials;
(j) to charge for the use of any facility or service provided by the Corporation;
(k) to appoint agents in any country to carry out its functions;
(l) to organize courses and award certificates of proficiency;
(m) to undertake publicity in any form;
(n) to promote cooperation, exchange of information and coordination among institutions concerned with manufacturers, exporters and importers;
(o) to conduct other trade promotion and development activities as directed by the Government from time to time;
(p) to provide facilities for the training of persons in any way connected with the promotion and development of trade; and
(q) to do all such other matters and things as it deems fit to enable it to carry out its functions and powers effectively.
Power to borrow
Open ↗The Corporation may, from time to time, borrow at such rate of interest and for such period and upon such terms as to the time and method of repayment and otherwise as the Minister, with the concurrence of the Minister of Finance, may approve, any sums required by the Corporation for meeting any of its obligations or discharging any of its functions or exercising any of its powers.
Power to grant loans
Open ↗In the discharge of its functions and the exercise of its powers, the Corporation may grant loans for such purposes as are approved by the Minister after consultation with the Minister of Finance, and such loans may be granted subject to such terms and conditions as the Corporation may, with the approval of the Minister, deem fit to impose in particular cases.
Power to establish companies
Open ↗The Corporation may, from time to time, with the approval of the Minister and concurrence of the Minister of Finance, establish companies by such name as the Corporation may determine to carry out and have the charge, conduct and management on behalf of the Corporation of any project, scheme or enterprise determined by the Corporation in the discharge of its functions and the exercise of its powers.
Power to appoint committees
Open ↗(1) The Corporation may appoint committees for any purpose arising out of or connected with any of its functions and powers; any committee so appointed shall include at least one member of the Corporation and there may be appointed to such committee such other persons as the Corporation thinks fit.
(2) The committee so appointed shall regulate its own procedure.
(3) Any committee so appointed shall conform to any instructions from time to time given to it by the Corporation and the Corporation may at any time discontinue or alter the constitution of any committee so appointed.
(4) The committee may invite any person who, in its opinion, is possessed of special knowledge of advantage to it, to attend any meeting of the committee and the person so invited shall not be entitled to vote at any such meeting.
(5) The committee shall report its recommendations to the Corporation.
Power to delegate
Open ↗(1) The Corporation may, subject to such terms and conditions, limitations or restrictions, as it thinks fit to impose, delegate to any committee, or to the Chairman, or to the Chief Executive Officer, or to any other person, the power and authority to exercise or perform on its behalf such powers or functions vested in or imposed on the Corporation under this Act as the Corporation may determine, except the power to borrow money or make regulations; and any power or function so delegated may be exercised or performed by
such committee, or the Chairman, or the Chief Executive Officer, or any other person, as the case may be, in the name and on behalf of the Corporation.
(2) Without prejudice to the generality of subsection (1) and to the other provisions of this Act, the Corporation may delegate to either the Chairman or to the Chief Executive Officer authority to sanction expenditure from the Fund or any other moneys vested in and under the control of the Corporation up to such limit as the Corporation shall specify.
Power to employ
Open ↗The Corporation may employ and pay agents and technical advisers, including advocates and solicitors, bankers, stockbrokers, surveyors, valuers and other persons, to transact any business or to do any act required to be transacted or done in the discharge of its functions or the exercise of its powers or for the better carrying into effect the purposes of this Act.
Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).
