Malaysia legislation
Section 13
of *MALAYSIA EXTERNAL TRADE DEVELOPMENT CORPORATION ACT 1992
Section 13
Malaysia External Trade Development Corporation 13
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:
14 Laws of Malaysia ACT 490
(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 matter 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;
Malaysia External Trade Development Corporation 15
(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 promotions development of trade; and
(q)
to do all such other matters and things as it deems fit to enable it to carry out its function and powers effectively.
Power to borrow