KUALA LUMPUR: Malaysia External Trade Development Corporation (Matrade) aims to generate RM2 billion in trade and investment leads from the Malaysia-China Summit 2024 (MCS 2024).

The Malaysian Consortium for Mid-Tier Companies (MCMTC) and the Malaysian International Chamber of Commerce and Industry (Micci) are strategic partners for the summit.

Matrade board member Datuk Mohammad Medan Abdullah said the strategic partnership will bring a dynamic presence of Malaysian mid-tier companies (MTCs) and large corporations.

This will ensure the summit's success in fostering robust trade relations and investment opportunities between Malaysia, China, and the broader Asean region.

The summit will be held from Dec 17-19 at the Malaysia International Trade and Exhibition Centre and is expected to welcome over 500 exhibitors and 10,000 trade visitors.

"Our commitment to championing Malaysia's MTCs, which are key drivers of growth, innovation, and employment, is reflected in this partnership," he said, adding that the Malaysian MTCs had demonstrated remarkable resilience and adaptability amidst global challenges.

Meanwhile, Qube Integrated Malaysia executive chairman Richard Teo said the Malaysian MTCs will complement the substantial involvement of their China counterparts, which are eager to forge collaborations.

"These China companies represent a dynamic array of sectors, including construction materials, hardware tools, home décor, automotive, daily use products, appliances, electronics, culture, arts and crafts, leisure, fashion, and lifestyle.

"I'm confident there will be significant synergy between Malaysian and Chinese companies at the summit, as they can leverage their respective strengths and develop mutually beneficial partnerships," he said.

Both organisations will have the opportunity to participate in pocket talks, business presentations, product launches, MOU signings, and innovation showcases, fostering connections and generating business leads with China and Asean.

MCMTC president Martin Ang said the partnership aligns with their mission to elevate MTCs into regional and global champions by building alliances and promoting sustainable growth.

"Our participation in MCS 2024 aligns perfectly with our mission to foster strategic

alliances, mobilise expertise, and promote sustainable growth, cultivating a robust business ecosystem for MTCs," Ang added.

https://www.nst.com.my/business/corporate/2024/08/1092023/matrade-eyes-rm2bil-trade-investments-malaysia-china-summit