Geopolitics

China and Malaysia promote the upgrading of cooperation between the two parks

Seetao 2021.09.14
  • China will continue to support the introduction of investment incentive policies in the parks of both parties

International industrial park cooperation is a good cooperation model that promotes multilateral trade and benefits both parties. Officials of relevant parties in China and Malaysia stated on September 11 that they will work together to promote the construction of the upgraded version of the China-Malaysia Qinzhou Industrial Park and the Malaysia-China Kuantan Industrial Park, injecting more into strengthening the economic and trade cooperation between the two countries and even the region in the post-epidemic era. Vitality.

The China-ASEAN Capacity and Investment Cooperation and China-Malaysia "Bilateral Parks" Cooperation and Upgrade Promotion Conference was held in Nanning, Guangxi on the same day. Wang Naixue, vice chairman of the Political Consultative Conference of Guangxi Zhuang Autonomous Region, who attended the meeting, said that the cooperation between China and Malaysia in the "two parks of the two countries" opened the first step for China and ASEAN countries to establish industrial parks in each other.

In his speech, he stated that the construction of the upgraded version of China-Malaysia "Two Countries Double Parks" will speed up the construction of a "1+2+3" characteristic industrial system, with shipping and other modern service industries as the lead, and processing trade and ASEAN characteristic products as the two major ones. Pillar industries, fostering three strategic emerging industries of electronics, biomedicine, and new materials, while accelerating the integrated development of Hong Kong, industry and city.

In the context of the deepening of cooperation between China and ASEAN, in order to further improve the cooperation mechanism of the "Double Parks of the Two Countries" and enhance its leading role in the all-round in-depth cooperation between China and Malaysia and even between China and ASEAN, the "Double Parks of the Two Countries" "The upgraded version of the construction research is included in the official agenda.

"China has always been Malaysia's main trading partner. With the full implementation of the Regional Comprehensive Economic Partnership Agreement, Malaysia-China economic and trade is expected to have greater development prospects in the future." Malaysian Deputy Minister of International Trade and Industry Datuk Lin Wanfeng in the video Said in the speech. He pointed out that the “two parks” of Malaysia and China must seize this rare strategic opportunity, deepen pragmatic cooperation, explore new areas of cooperation, achieve mutual benefit and win-win results, and benefit the two peoples.

Lin Wanfeng suggested that the “two parks of the two countries” strengthen bilateral investment promotion and encourage more Chinese companies to enter the Malaysia-China Kuantan Industrial Park to explore the ASEAN market; on the other hand, he also encourages more Malaysian companies to invest in the China-Malaysian Qinzhou Industrial Park. The window into China's vast market.

The President of Malaysia’s East Coast Special Economic Zone Development Council said in a video that the Malaysia-China Kuantan Industrial Park has achieved rapid development since its establishment with the support of the government authorities. It is entering the ASEAN market, the Asia-Pacific market and other global markets. In this regard, there is great potential for growth. Berchaway hopes that the consensus reached by the Joint Cooperation Committee (JCC) of the "Two Parks of Two Countries" can be implemented at an appropriate time. He said that the Malaysia-China Kuantan Industrial Park can rely on the new international land-sea trade channel connecting Southeast Asia and Northwestern China as well as Europe to obtain greater development opportunities.

Currently, ASEAN has replaced the United States as China's largest trading partner. So far, the Malaysia-China Kuantan Industrial Park has attracted 20 billion Malaysian ringgits of committed investment. We hope to attract another 10 billion Malaysian ringgit in investment by 2025. "Bachaway said. Editor/Xu Shengpeng


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