President of the Malaysia-China Chamber of Commerce, Lu Guoxiang, pointed out that local Chinese businesses should not only leverage the trading advantages between Malaysia and China but also seize the opportunity of Malaysia serving as the rotating ASEAN chair to actively expand the ASEAN market and establish new supply chain systems.
He emphasized that nowadays, the question for Malaysian enterprises is no longer "whether to enter ASEAN," but "how to integrate into ASEAN more effectively," achieving "entering, staying, and creating performance."
"We must realize that ASEAN has become a strategic core. The GDP of the ten ASEAN countries has exceeded 4 trillion USD (about 16 trillion Ringgit). With the Regional Comprehensive Economic Partnership (RCEP) coming into effect, the entire region's systems are gradually integrating, from trade facilitation and tax system coordination to talent mobility, all becoming more mature, bringing more opportunities."
He called on: "This is the best time for our companies to expand into regional markets. Enterprises should leverage ASEAN's large platform, not only to develop new customers but also to cultivate talent with a regional perspective."
Lu Guoxiang made the above appeal this morning at the Malaysia-China Chamber of Commerce Annual Members' Meeting and the 14th Central Council Election, held at the Chinese General Chamber of Commerce Building, to the 176 representatives present.
He stated that the Malaysia-China Chamber of Commerce will focus on helping members integrate into the ASEAN market in the future and actively connect with trade promotion agencies in various Chinese provinces to assist enterprises in expanding their networks, understanding regulations, and conducting investment assessments.
Faced with the competition brought by the influx of foreign capital, Lu Guoxiang hopes that Malaysian enterprises can establish cooperative mechanisms with foreign capital on a fair and mutually beneficial basis, achieving mutual benefits and win-win situations through technology sharing, upstream and downstream integration, and joint research and development training.
In addition, the meeting unanimously passed 8 proposals, including urging the government to formulate local quota policies for foreign investment hiring talent; enhancing information transparency to stabilize investor confidence; reassessing the 2% dividend tax to support small and medium-sized enterprises; and increasing direct flights between major cities in Malaysia and China.
He emphasized that nowadays, the question for Malaysian enterprises is no longer "whether to enter ASEAN," but "how to integrate into ASEAN more effectively," achieving "entering, staying, and creating performance."
"We must realize that ASEAN has become a strategic core. The GDP of the ten ASEAN countries has exceeded 4 trillion USD (about 16 trillion Ringgit). With the Regional Comprehensive Economic Partnership (RCEP) coming into effect, the entire region's systems are gradually integrating, from trade facilitation and tax system coordination to talent mobility, all becoming more mature, bringing more opportunities."
He called on: "This is the best time for our companies to expand into regional markets. Enterprises should leverage ASEAN's large platform, not only to develop new customers but also to cultivate talent with a regional perspective."
Lu Guoxiang made the above appeal this morning at the Malaysia-China Chamber of Commerce Annual Members' Meeting and the 14th Central Council Election, held at the Chinese General Chamber of Commerce Building, to the 176 representatives present.
He stated that the Malaysia-China Chamber of Commerce will focus on helping members integrate into the ASEAN market in the future and actively connect with trade promotion agencies in various Chinese provinces to assist enterprises in expanding their networks, understanding regulations, and conducting investment assessments.
Faced with the competition brought by the influx of foreign capital, Lu Guoxiang hopes that Malaysian enterprises can establish cooperative mechanisms with foreign capital on a fair and mutually beneficial basis, achieving mutual benefits and win-win situations through technology sharing, upstream and downstream integration, and joint research and development training.
In addition, the meeting unanimously passed 8 proposals, including urging the government to formulate local quota policies for foreign investment hiring talent; enhancing information transparency to stabilize investor confidence; reassessing the 2% dividend tax to support small and medium-sized enterprises; and increasing direct flights between major cities in Malaysia and China.