Malaysia eyes more investments from Europe

Malaysia is keen to draw more investments from Europe with the renewed interest from European companies to invest in Asia.

Malaysia, which hosts some 1,000 companies in the manufacturing sector from Europe including Infineon Tech, Q-Cells, Siemens, Osram, B.Braun and BASF, is keen to encourage reinvestments from these companies many of whom are moving their operations up the value chain involving a higher level of technology transfer.

Minister of International Trade and Industry, Datuk Seri Mustapa Mohamed is leading a trade and investment mission comprising corporate leaders and top government officials including from the Malaysian Investment Development Authority (MIDA) to Germany, Italy and Spain from the 11th to 22nd October.

The three countries are Malaysia’s important trading partners, accounting for some 38.2% of the bilateral trade with the European Union as well as sources of foreign investments. Germany has remained a top foreign investor in Malaysia and is also the country’s leading EU trading partner.

European businessmen are invited to explore investment opportunities in Malaysia, particularly as the gateway to the bigger market in Asean particularly with the establishment of the Asean Economic Community (AEC) next year.

The Minister is scheduled to update and inform the European business communities on business opportunities in Malaysia. During the visit, roundtable meetings and one-to-one discussions will also be held with a number of top corporate leaders from Germany, Italy and Spain.

Source: NST Business Times 15 Oct 2014 and MIDA

Posted on : 15 October 2014
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Last Updated : Tuesday 7th April 2020