BERLIN: Malaysia today issued an open invitation to German firms as well as businesses across Europe to engage, invest, and partner with a dynamic, strategic and growing Malaysia.
In making the call, Prime Minister Anwar Ibrahim said Malaysia had a skilled labour force, modern infrastructure, a clear regulatory environment, and huge growth potential.“We are a dynamic economic fit for the 21st century and the perfect partner for German businesses,” he said in his keynote address at the SME Day here.
“Asean is set to emerge as the world’s fifth-largest economy by 2030. The region is primed for exponential growth,” he added.Over the past decade, Germany has remained Malaysia’s top trading partner in the European Union, while Malaysia is now the country’s largest trading partner in Southeast Asia. He said that as Germany aims to penetrate halal markets, Malaysia, a leader in the multibillion-dollar industry, stood as an ideal partner, offering expertise, infrastructure, and a robust halal regulatory framework.
He noted that more than 700 German companies are operating in Malaysia, including giants such as Siemens, Infineon, and Volkswagen. He added that German firms could work together with Malaysia to develop renewable energy.
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