The Federation of Malaysia Chinese Guilds Association (FEMACGA) visited the China Council for the Promotion of International Trade Guangdong Committee (CCPIT Guangdong Committee) on August 29. More than 50 representatives of both sides participated in the partnering meeting.
The bilateral trade volume between Malaysia and Guangdong reached 141.5 billion RMB, an increase of 2.86 percent. Thus far, Malaysia has been Guangdong’s seventh-largest trading partner worldwide and the second-largest trading partner in ASEAN.
“About 2 million Malaysian Chinese can trace their origin to ancestors in Guangdong Province, which contributes to the close social and economic ties between the two places. We hope to expand our cooperation to emerging sectors such as AI, digital economy, green energy and green finance, and drive the development of Malaysia with Chinese leading technologies in these sectors,” said Lum Kim Soon, President of FEMACGA.
According to Chen Xiaofeng, President of CCPIT Guangdong Committee, the representative office of CCPIT Guangdong Committee in Malaysia and the Canton Chamber of Commerce Malaysia were set up respectively in 2014 and 2019. CCPIT Guangdong Committee also facilitated the development of an overseas warehouse and exhibition center for Guangdong products in Malaysia. Thus far, more than 100 Guangdong enterprises have been involved.
In the future, more economic and cultural exchanges are expected to be organized through the representative office of the CCPIT Guangdong Committee in Malaysia and the Canton Chamber of Commerce Malaysia.
Reported by: Eliana Chen (Intern)
Edited by: Olivia, Jasmine, James