NANNING (China) Sept 21 — The Malaysia-China Business Matching (B2B) session has opened up more opportunities for Malaysian companies to tap into the Chinese market, said International Trade and Industry (MITI) Minister Datuk Darell Leiking.
He said the programme organised by the Malaysia External Trade Development Corporation (MATRADE) in collaboration with China Construction Bank (CCB) has managed to enhance cooperation as well as reaching the wider market in Guanxi province.
“Although (certain Malaysian products) are not yet known in Malaysia, but it is already known in China and continue to receive export orders.
“In fact, some Malaysian companies are well known (in China). Regardless of whether they are small or big, this gives them the confidence to penetrate the Chinese market,” he told the media after launching the Malaysia-China Business Matching Programme (B2B) here today.
Darell added that local companies are expected to take advantage of the programme to make the country’s products and services more recognizable in China.
Meanwhile, China’s Vice Premier Han Zheng in his speech during the opening ceremony of China ASEAN Expo 2019 (CAEXPO) laid out five proposals needed to forge closer cooperation between Beijing and the regional grouping.
The proposals according to him involved strengthening five core areas including “Quality Strategy” in the Belt and Road Initiative and ASEAN Community Initiative 2025, connectivity, innovation and socio-cultural.
“The strategic cooperation (between China and ASEAN) is to strengthen the ASEAN’s economy through the Free Trade Agreement to facilitate trade and import-export activities,” he said adding that, as the largest market in the region, China is committed to supporting ASEAN’s economy and infrastructure.