KUALA LUMPUR: The Malaysia External Trade Development Corporation (Matrade) plans to boost intra-trade cooperation with the Organisation of Islamic Cooperation (OIC) countries by joining forces with the International Islamic Trade Finance Corporation (ITFC).

Yesterday it inked a memorandum of understanding (MoU) with ITFC, a member of the Jeddah-based Islamic Development Bank group, to achieve that objective.Under the MoU, they will collaborate on trade promotion facilitation programmes and specific projects; exchange of trade information and business delegations visits; identification of project opportunities for Malaysian companies as well as trade promotion.