Delegates meet to strengthen Kuala Lumpur – Chengdu ties

KUALA LUMPUR: Malaysia has pledged to deepen trade links and boost private investments between Kuala Lumpur and Chengdu.

Delegates from the two cities gathered at the Chengdu-Kuala Lumpur Economic and Trade Co­operation Exchange event, here, yesterday, to discuss opportuni­ties that could lead to a new chap­ter of cooperation that started in 2009.

Themed “Sharing the Opportu­nities of the Century, Reshaping the Glory of the Silk Road”, the event aimed to bring “Made-in­Chengdu” products to Malaysia and vice-versa, as well as build­ing a platform for potential co­operation in trade and invest­ments.

The Chengdu economic and trade delegation, led by Chengdu Municipal People’s Government deputy mayor Liu Xiaoliu, com­prised representatives from Chengdu Municipal Bureau of Commerce, Investment Promo­tion Commission, Port and Lo­gistics Office as well as Chengdu-based enterprises.

More than 20 companies from Chengdu took part in the event, which showcased food and agri­culture products, medical equip­ment, logistic goods and ser­vices.

They included Sichuan Good-chains Supply Chain Manage­ment, Chengdu International Trade City, Tri-Meds Innovation Centre and Tian Fu Panda, Kuanzhai Food Investment.

Chengdu Investment Promo­tion Commission deputy director He Li said Chengdu had estab­lished a modern industrial sys­ tern as well as significant exper­tise in financial services, modern logistics, exhibitions and cultural tourism sectors.

This, he said, could lead to value-accretive collaboration be­tween Chengdu and Kuala Lumpur.

Chengdu Port and Logistics Of­fice deputy director Liu Shuguo said Kuala Lumpur and Chengdu had room for more cooperation in route networks, international channels, port services and lo­gistics industries.

To improve cooperation, Chengdu would provide compre­hensive policy support, said Liu Shuguo.

Xiaoliu said Malaysia was an important trade partner for Chengdu in Southeast Asia.

In the first eight months of the year, total trade volume between Chengdu and Malaysia was 19.7 billion yuan (RM11.6 billion), the second-highest among Asean countries.

Malaysia had 96 enterprises in Chengdu and the cumulative use of foreign capital was about US$900 million (RM3.7 billion), she added.

“With this bilateral trade and co­operation exchange, we hope local and Chengdu enterprises will fos­ter closer ties in equipment, tech­nology, engineering, procure­ment, construction and other pro­ject financing,” said Xiaoliu.

“We welcome Malaysian en­trepreneurs to invest in Chengdu, bringing more quality projects, products and services and work, to create a bright future for mu­tual benefits, and jointly bring the relationship between Chengdu and Malaysia to a new height.”

Malaysia External Trade Devel­opment Corp director Khairul Annuar Abdul Halim said with the bilateral trade and coopera­tion exchange, enterprises from the two cities would be able to foster closer ties in equipment, technology, engineering, pro­curement, construction and oth­er project financing.