Vicenza looks to Malaysia: a collaboration agreement made between Confindustria Vicenza and the Italian Malaysian Business Association.
The agreement, which aims to strengthen the bilateral relations between Italy and Malaysia, was signed by Roberto Zuccato, President of Vicenza's manufacturers, and by Massimo Giannelli, President of IMBA.
Business relations between Italy and Malaysia are on the rise: in the first six months of 2011 trade grew by 21% compared to the same period in 2010.
In this scenario, Confindustria Vicenza signed an agreemnt with the
Italian Malaysian Business Association (IMBA), a non- profit association whose aim is to strengthen the bilateral relations between Italy and Malaysia by coordinating strategic partners and creating a common platform for Italian businesses in Malaysia and local members.
IMBA and Confindustria Vicenza are committed to promoting mutual activities, supporting their members to take part in business promotion events such as fairs, workshops, etc., developing mutual exchange of market and technical information and promoting their own services.
“In the new world trade scenarios, marked by Asia's growth, Malaysia is now a new market that must be taken into account – says Roberto Zuccato, President of Confindustria Vicenza -. Our Association has found out this country's potentials for some years and organised a few events in Malaysia such as a business mission to its capital city in 2009, as well as missions led by Malaysian entrepreneurs organised together with MIDA, an agency of the Malaysian Government promoting investments and collaboration for SMEs. Now we have just started collaborating with IMBA with the aim to promote the interests of our businesses located in Malaysia”.
IMBA is a benchmark for Italian firms based in Malaysia and – thanks to its contacts and network with agencies of the Malaysian Government – is able to provide its support needed for information and services on site, so as to make the access to the Malaysian market easier.
“Vicenza's exports are growing – says Roberto Ditri, Vice-President of Confindustria Vicenza and head of international affairs, who has been dealing with Malaysia for years and whose Malaysian subsidiary is a member of IMBA -. At the moment, exports mainly concern tanning, electro-mechanical and there are great opportunities for mechanical equipment, mechanical work in general, oil, gas and consumer products”.
Vicenza can already boast leading businesses and industries in Malaysia such as Marelli Motori, Valbruna, Calpeda and Socotherm group.
“We are trying to get our industries ready to take any advantages from the agreement which is now being made between Malaysia and the EU – says Zuccato -. It's still a tough challenge but we are confident we can sign it by 2012”.
IMBA already includes around 70 Italian firms operating in Malaysia.
“Malaysia is one of the leading countries in Asia in terms of manufacturing investments, thanks to an excellent infrastructure network, a steady economy, a growing domestic market, an efficient banking systems and to the opportunities based on trading integration within Asian markets – says Massimo Giannelli, President of IMBA -. Under this agreement we intend to develop a platform for mutual promotion and exchange of information, which may be useful to make business relations easier for our members and their industrial partnerships. We are also planning to organise business missions to Malaysia and to Italy and bilateral workshops”.
The agreement also relies on the patronage of the Italian Embassy in
Kuala Lumpur, where the former Malaysian organisation of ICE will operate, and this highlights the mutual interest of both IMBA and
Confindustria Vicenza to improve cooperation between them.
© Confindustria Vicenza