EN­HANC­ING BUSI­NESS TIES

As­so­ci­a­tions sign MoU and plan to or­gan­ise var­i­ous ac­tiv­i­ties

New Straits Times - - Business -

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.

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