ID :
158745
Wed, 02/02/2011 - 14:05
Auther :
Shortlink :
https://oananews.org//node/158745
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MALAYSIA, SYRIA AGREE TO SET UP BUSINESS COUNCIL IN MALAYSIA
KUALA LUMPUR, Feb 2 (Bernama) -- Malaysia and Syria have agreed to set up
a business council in Malaysia to encourage companies from both countries to
actively participate in each other's trade and investment activities.
This came during the Second Malaysia–Syria Joint Trade Committee (JTC)
Meeting held in Damascus, Syria on Monday where the trade ministers of both
countries reviewed their bilateral trade and investment performance.
In a statement here Wednesday, the Ministry of International Trade and
Industry (MITI) said the meeting was co-chaired by International Trade and
Industry Minister Mustapa Mohamed and Syria's Minister of Economy and Trade,
Lamia Assi.
During the meeting the ministers also discussed the status of projects
undertaken by Malaysian companies in Syria and the prospects for more projects.
Other matters discussed were Syria's proposal for a Malaysia-Syria
Preferential Trade Arrangement, the feasibility of Malaysian companies'
participation in Syria's industrial parks and bilateral economic cooperation in
telecommunications, development of small and medium sized enterprises and
technical assistance relating to Syria's participation at the World Trade
Organisation.
On the sidelines of the meeting, the Malaysia External Trade Development
Corporation (MATRADE) and Syrian Export Development and Promotion Agency (EDPA)
signed a memorandum of understanding on cooperation in the promotion of trade.
According to MITI, Malaysia's bilateral trade with Syria grew more than
two-fold to US$177.64 million in 2009 from US$67.55 million in 2000.
Major exports to Syria include yarn (42.3 per cent), wood products (12.0 per
cent), chemicals and chemical products (8.3 per cent), transport equipment (6.5
per cent) and palm oil (6.3 per cent).
Major imports from Syria include textile and clothing (12.8 per cent),
processed foods (6.3 per cent) and vegetable oil (3.5 per cent).
MITI said Malaysia was in a position to competitively supply a range of
products to Syria such as machinery and transport equipment, building and
construction materials, halal food and non-food products, metal and metal
products, chemicals and chemical products and wood products.
"Cross-flow of investments between Malaysia and Syria is still relatively
minimal," the ministry said.
a business council in Malaysia to encourage companies from both countries to
actively participate in each other's trade and investment activities.
This came during the Second Malaysia–Syria Joint Trade Committee (JTC)
Meeting held in Damascus, Syria on Monday where the trade ministers of both
countries reviewed their bilateral trade and investment performance.
In a statement here Wednesday, the Ministry of International Trade and
Industry (MITI) said the meeting was co-chaired by International Trade and
Industry Minister Mustapa Mohamed and Syria's Minister of Economy and Trade,
Lamia Assi.
During the meeting the ministers also discussed the status of projects
undertaken by Malaysian companies in Syria and the prospects for more projects.
Other matters discussed were Syria's proposal for a Malaysia-Syria
Preferential Trade Arrangement, the feasibility of Malaysian companies'
participation in Syria's industrial parks and bilateral economic cooperation in
telecommunications, development of small and medium sized enterprises and
technical assistance relating to Syria's participation at the World Trade
Organisation.
On the sidelines of the meeting, the Malaysia External Trade Development
Corporation (MATRADE) and Syrian Export Development and Promotion Agency (EDPA)
signed a memorandum of understanding on cooperation in the promotion of trade.
According to MITI, Malaysia's bilateral trade with Syria grew more than
two-fold to US$177.64 million in 2009 from US$67.55 million in 2000.
Major exports to Syria include yarn (42.3 per cent), wood products (12.0 per
cent), chemicals and chemical products (8.3 per cent), transport equipment (6.5
per cent) and palm oil (6.3 per cent).
Major imports from Syria include textile and clothing (12.8 per cent),
processed foods (6.3 per cent) and vegetable oil (3.5 per cent).
MITI said Malaysia was in a position to competitively supply a range of
products to Syria such as machinery and transport equipment, building and
construction materials, halal food and non-food products, metal and metal
products, chemicals and chemical products and wood products.
"Cross-flow of investments between Malaysia and Syria is still relatively
minimal," the ministry said.
