Malaysia wants to be global car parts trading hub
By Chong Jin Hun
[email protected]
August 10 2007
MALAYSIA is keen to become a global automotive-parts trading hub to woo foreign firms who can, in turn, share their industry expertise with local players.
This, essentially, means having more trade fairs in Malaysia, a move intended to spur not only car-related sectors at home, but the tourism fraternity as well.
Government incentives aside, the success of Malaysia's car-component industry also depends on local traders' willingness to help home manufacturers sell their products abroad.
Likewise, these traders can also navigate foreign offerings into the Malaysian and overseas markets, says a senior Government official.
"The Government encourages international trade fairs to be held in Malaysia to generate business in the automotive and hospitality sectors.
"Malaysia has the potential to develop itself into a (automotive parts) trading hub by projecting itself as a showroom for the latest products," International Trade and Industry Ministry parliamentary secretary Datin Paduka Dr Tan Yee Kew said.
She was speaking to reporters after officiating at the Malaysia Auto Parts & Accessories Expositions (MAPA) in Kuala Lumpur yesterday.
Organisers of global trade fairs in Malaysia, involving 500 foreign trade visitors, are eligible for tax exemption on income earned from the events.
Small- and medium-sized enterprises participating in international fairs are entitled to a matching grant of up to half (50 per cent) of the approved cost incurred.
Malaysia made 323,192 units of transport equipment in the five months to May 2007. It had produced 907,389 units for the whole of 2006, Bank Negara Malaysia's website showed.
Meanwhile, the organiser of MAPA expects to achieve some US$30 million (RM103.5 million) of sales from the trade fair, helped by the anticipated 6,500 foreign-buyer turnout.
The four-day event ending this Sunday, involves 85 exhibitors from nine countries including China, India and Germany.
"We have invited a lot of buyers from Asean (Association of Southeast Asian Nations), the Far East, India, and the Middle East by working with various embassies in Malaysia.
"General consumer visitors are expected to exceed 80,000," said Richard Lim, managing director of Asia World Expo Sdn Bhd.
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I say beat the tax first b4 dreaming of it....
By Chong Jin Hun
[email protected]
August 10 2007
MALAYSIA is keen to become a global automotive-parts trading hub to woo foreign firms who can, in turn, share their industry expertise with local players.
This, essentially, means having more trade fairs in Malaysia, a move intended to spur not only car-related sectors at home, but the tourism fraternity as well.
Likewise, these traders can also navigate foreign offerings into the Malaysian and overseas markets, says a senior Government official.
"The Government encourages international trade fairs to be held in Malaysia to generate business in the automotive and hospitality sectors.
"Malaysia has the potential to develop itself into a (automotive parts) trading hub by projecting itself as a showroom for the latest products," International Trade and Industry Ministry parliamentary secretary Datin Paduka Dr Tan Yee Kew said.
She was speaking to reporters after officiating at the Malaysia Auto Parts & Accessories Expositions (MAPA) in Kuala Lumpur yesterday.
Organisers of global trade fairs in Malaysia, involving 500 foreign trade visitors, are eligible for tax exemption on income earned from the events.
Small- and medium-sized enterprises participating in international fairs are entitled to a matching grant of up to half (50 per cent) of the approved cost incurred.
Malaysia made 323,192 units of transport equipment in the five months to May 2007. It had produced 907,389 units for the whole of 2006, Bank Negara Malaysia's website showed.
Meanwhile, the organiser of MAPA expects to achieve some US$30 million (RM103.5 million) of sales from the trade fair, helped by the anticipated 6,500 foreign-buyer turnout.
The four-day event ending this Sunday, involves 85 exhibitors from nine countries including China, India and Germany.
"We have invited a lot of buyers from Asean (Association of Southeast Asian Nations), the Far East, India, and the Middle East by working with various embassies in Malaysia.
"General consumer visitors are expected to exceed 80,000," said Richard Lim, managing director of Asia World Expo Sdn Bhd.
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I say beat the tax first b4 dreaming of it....
