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Malaysia Woos Global Investors at China-Asean Expo

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The China-Asean Expo 2012 has begun at Nanning, Guangxi Zhuang, China, and Malaysia is well-represented to promote the benefits of investing in the country to potential investors.

The trade show is on at the Nanning International Convention and Exhibition Centre today till September 25, and international investors visiting Malaysia's pavilion and the East Coast Economic Region (ECER) booth will appreciate the advantages of investing in Malaysia, particularly in the Malaysia-China Kuantan Industrial Park (MCKIP), and in the ECER economic corridor.

Deputy Prime Minister Tan Sri Muhyiddin Yassin opened the Malaysia Pavilion and the MCKIP booth yesterday.

One hundred and thirty-six Malaysian exhibitors are participating at the Malaysia Pavilion, with products and services being promoted through six clusters: Food and Beverages, Coffee Products, Health and Wellness, Lifestyle, Services (including Education, information and communications technology, port and logistics and franchise) and Government Agencies.

The MCKIP development will mirror that of its sister park, Qinzhou Industrial Park (QIP), a joint-venture project between Malaysia and China in the coastal area of Guangxi province, where the Expo is being held.

The 607 hectare MCKIP is located in Kuantan, with a port facing the South China Sea, leveraging the three-day shipping time between Kuantan and Qinzhou.

Both the Malaysian and Chinese governments have been very supportive in ensuring the successful implementation of QIP and MCKIP.

On Thursday, Muhyiddin witnessed the signing of a supply and purchase agreement between Duria Manufacturing Sdn Bhd and Guangzhou Shimao Import and Export Trade Co Ltd for the supply of durians and durian by-products at the convention centre. He also attended the signing of a memorandum of understanding between Asean Metropolitan University (AMU) and Guangxi Medical University, China.

This MoU will explore the feasibility of Guangxi Medical University collaborating with AMU to offer traditional Chinese medicines, lecturer and student exchanges, collaborative academic researches, and the exchange of books and journals with AMU.

For the past three years, China has been Malaysia's biggest trading partner, accounting for 13.2 per cent of our total world trade.

China also overtook Singapore as Malaysia's largest export market for the first time last year, with our exports to China soaring by 13.9 per cent in 2011.

With the Malaysian economy growing at 5.4 per cent annually in the second quarter this year and China's export-based economy showing signs of slowing, our presence at the China-Asean Expo is expected to generate a lot of interest among investors who attend the trade show.

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