With trade and economic relations between Malaysia and China set to further flourish, the private sectors on both sides are preparing ahead of the anticipated boom.
Chinese companies wanting to invest in Malaysia have received a boost with a legal framework memorandum of understanding signed recently between two law firms from both sides.
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Chinese companies wanting to invest in Malaysia have received a boost with a legal framework memorandum of understanding signed recently between two law firms from both sides.
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00With trade and investment flourishing due to the stronger bilateral relations between Malaysia and China,
00:06more companies in both countries are eyeing the opportunities available to them.
00:11The companies have received a boost with a Legal Framework Memorandum of Understanding signed recently between two law firms from both sides.
00:19The cooperation agreement between the Beijing Che Lueh law firm and Ang and Wong advocates and solicitors from Malaysia
00:26aims to bridge gaps in legal systems, streamline investment processes,
00:31and offer end-to-end solutions for businesses navigating Malaysia's regulatory landscape.
00:37Acting Investment Consul of the Malaysian Consulate General in Guangzhou,
00:41Safwan Nizar Johari, who witnessed the signing ceremony,
00:45said he expected the next two years to hit the peak in China-Malaysia trade relations,
00:50with this year's 50th anniversary of diplomatic relations between both countries seeing significant achievements.
00:57He said the legal agreement will help facilitate Chinese investments in Malaysia and assist with strategic planning and policy advocacy.
01:06He said Malaysia ranked as a top choice for foreign investment among Asia's emerging and developing nations,
01:13and the country had signed investment guarantee agreements with more than 60 countries
01:18to ensure foreign investors are protected and provide a secure platform for businesses to thrive.
01:25Ang and Wong advocates and solicitors' founding partner, Alicia Wong,
01:29said both firms will work together to help businesses wishing to expand their operations into Malaysia
01:35for mutual benefit and the advancement of cooperation between the two countries.
01:40She said the MOU reflects a shared vision to create a seamless path for Chinese investors to penetrate the Malaysian market.