ENHANCING BUSINESS TIES

Associations sign MoU and plan to organise various activities

OOI TEE CHING

KUALA LUMPUR bt@mediaprima.com.my

THE Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) and the Chinese Enterprises Association in Malaysia (CENAM) has pledged long-term business cooperation to enhance trade between Malaysia and China.

At the signing of a memorandum of understanding, here, yesterday, ACCCIM president Datuk Ter Leong Yap said members of both associations plan to organise various trade activities to strengthen business ties between China and Malaysia.

Ter said regular interaction with CENAM, which comprises investors from China in Malaysia, will encourage trade and investment growth in both countries.

He said ACCCIM’s membership of more than 100,000 corporates can provide a wide range of information and collaboration with existing and future investors from China.

Ter said CENAM, which was set up more than 15 years ago, has played an instrumental role in helping giant firms from China regarding the cultural, legal and political climate in Malaysia.

CENAM president Wang Hong Wei foresees increasing investment from China in Malaysia.

He said China’s “going out strategy” had seen an increasing number of enterprises investing outside the mainland.

“We see this ACCCIM-CENAM platform as a springboard to tap Asean and Organisation of Islamic Cooperation’s halal markets,” he added.