31-01-2023
The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) and the Singapore Chinese Chamber of Commerce and Industry (SCCCI) has inked an MOU on Monday (30th January) evening to strengthen collaboration to enhance economic relations and trade ties between both countries.
Both chambers will collaborate in the areas of energy, sustainability, food security and resource sectors to strengthen the resilience of their economies. They will
also mutually assist their members to venture into the ASEAN markets.
The agreement was signed in concurrent with the Prime Minister Dato’ Seri Anwar Ibrahim’s official visit to Singapore. The signing was witnessed by Minister of International Trade & Industry Datuk Seri Tengku Zafrul and Singapore’s Trade and Industry Minister Gan Kim Yong at Shangri-la Hotel.
At the signing ceremony, ACCCIM President Tan Sri Low Kian Chuan said that the MoU is imperative as it continues to establish a vital foundation for business leaders of both sides working towards win-win results through mutually beneficial cooperation, so as to bring the bilateral relations to new heights.
He added that this is the third MoU signed between ACCCIM and SCCCI, however, it is a significantly strengthened version as compared to the previous versions. The MoU paves the way for broadening the scope of collaboration, enhanced information sharing and initiatives to facilitate business activities between our members.
“With the implementation of the Regional Comprehensive Economic Partnership (RCEP) and Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP) present opportunities for both sides to jointly explore new areas of collaboration by leveraging each other’s comparative and competitive strengths within ASEAN market and in broader region,“ he said.
SCCCI president Kho Choon Keng said it is timely for the two chambers, after years of strong and close friendship and trust, to upgrade their partnership and cooperation. This would enable them to play a greater role in enhancing economic relations and friendship between the two neighbours.
The MoU signed between ACCCIM and SCCCI was witnessed by the Minister of International Trade & Industry Datuk Seri Tengku Zafrul and Singapore’s Trade and Industry Minister Gan Kim Yong. Front from left was ACCCIM Secretary General Dato’ Tan Tian Meng, President Tan Sri Low Kian Chuan, SCCCI President Mr. Kho Choon Keng and Vice President Mr. Lee Sze Leong.
Photo session with Minister of International Trade & Industry Datuk Seri Tengku Zafrul and Singapore’s Trade and Industry Minister Gan Kim Yong