Busi­ness match­mak­ing ses­sion for 44 Ja­panese firms, 25 Malaysian com­pa­nies

New Straits Times - - Business / News - FARAH ADILLA KUALA LUMPUR farah.adilla@me­di­

MALAYSIAN car ven­dors see great po­ten­tial in part­ner­ing with their Ja­panese coun­ter­parts to tap the grow­ing Asean Eco­nomic Com­mu­nity (AEC) mar­ket.

A to­tal of 44 Ja­panese au­to­mo­tive ven­dors and trad­ing com­pa­nies at­tended a busi­ness match­mak­ing ses­sion with 25 Malaysian au­to­mo­tive ven­dors held in Tsu City, Mie Pre­fec­ture, yes­ter­day, which was hosted by Hyakugo Bank of Ja­pan.

“With the launch of AEC, South­east Asia is a very at­trac­tive mar­ket for Ja­panese com­pa­nies. For Malaysian firms, part­ner­ship with Ja­panese firms with the most ad­vanced tech­nol­ogy is said to be one of the im­por­tant factors for over­com­ing com­pe­ti­tion,” said Hyakugo Bank pres­i­dent Toshiyasu Ito in a state­ment.

The event was or­gan­ised by the Malaysian Au­to­mo­tive In­sti­tute (MAI), sup­ported by Malaysia In­vest­ment De­vel­op­ment Au­thor­ity, Malaysia Ex­ter­nal Trade De­vel­op­ment Corp, Ja­pan Trade Or­gan­i­sa­tion and Perusa­haan Oto­mo­bil Ke­dua Sdn Bhd (Pero­dua).

The po­ten­tial al­liances could in­clude part­ner­ships and tech­ni­cal as­sis­tance in the ar­eas of plas­tic parts, me­tal parts, tools, elec­tri­cal parts and af­ter-mar­ket parts.

The event was also at­tended by Hyakugo Bank chair­man Tsuyoshi Ueda, Pero­dua pres­i­dent and chief ex­ec­u­tive of­fi­cer Datuk Dr Ami­nar Rashid Salleh and MAI chief op­er­at­ing of­fi­cer Nizma Mohd Nazar.

Nizma said it was a tes­ti­mony of the strong eco­nomic re­la­tion­ship be­tween Malaysia and Ja­pan.

In terms of au­to­mo­tive prod­ucts, Ja­pan is Malaysia’s sec­ond-largest trad­ing part­ner, with bi­lat­eral trade of RM6.8 bil­lion in 2015.

“Malaysia’s ex­ports of au­to­mo­tive parts and com­po­nents to Ja­pan recorded an in­crease of 27 per cent to RM301.5 mil­lion last year, from RM237.5 mil­lion in 2014,” said Nizma.

Ami­nar Rashid said the event was a his­toric mo­ment for the Malaysian au­to­mo­tive in­dus­try and Pero­dua in par­tic­u­lar, as all the 25 ven­dors were the best in their re­spec­tive fields and were now on the verge or go­ing re­gional, if not global.

“These 25 Pero­dua ven­dors were vet­ted care­fully based on their ded­i­ca­tion to­wards im­prov­ing qual­ity, dis­ci­pline and pro­duc­tiv­ity, while at the same time, com­mit­ted to­wards bet­ter cost man­age­ment,” he said.

Ami­nar said the busi­ness match­ing ses­sion was a con­tin­u­a­tion of the “Look East” Pol­icy, as well as an op­por­tu­nity to take ad­van­tage of the free trade agree­ment be­tween Malaysia and Ja­pan.

“Malaysia is a Ja­panese-friendly coun­try with more than 30,000 Ja­panese liv­ing and work­ing here. There are also over 3,000 Ja­panese-re­lated firms op­er­at­ing here. We be­lieve Malaysia is the right place to set up busi­nesses,” he said.

Perusa­haan Oto­mo­bil Ke­dua Sdn Bhd pres­i­dent and chief ex­ec­u­tive of­fi­cer Datuk Dr Ami­nar Rashid Salleh (third from left), Malaysian Au­to­mo­tive In­sti­tute chief op­er­at­ing of­fi­cer Nizma Mohd Nazar (cen­tre), Hyakugo Bank pres­i­dent Toshiyasu Ito (sec­ond from right) and other of­fi­cials dur­ing the open­ing of busi­ness match­mak­ing ses­sion in Mie Pre­fec­ture, Ja­pan, yes­ter­day.

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