Eurocham Malaysia, Croatian Chamber of Economy ink MoU to boost trade, investments

KUALA LUMPUR, Oct 15 — The EU-Malaysia Chamber of Commerce and Industry (EuroCham Malaysia), one of the largest business chambers in Malaysia, have signed a Memorandum of Understanding (MoU) with the Croatian Chamber of Economy in Croatia to jointly promote and attract two-way trade and investments across all sectors between the two countries.

The new strategic partnership, signed remotely by both parties and made known publicly through a webinar yesterday (October 14), saw EuroCham Malaysia as an established business chamber in Malaysia, expanding its business networks beyond 9,417km.

Croatian Ambassador to Malaysia Dr Ivan Velimir Starcevic, through the webinar entitled ‘EuroCham EuroTalks Series – Croatia At Glance – Opportunities for Business Cooperation’, said this partnership marks an important step to enhance mutually beneficial economic ties between Croatia and Malaysia.

“Two leading chambers are working together to facilitate the ease of doing business between Croatia-Malaysia, as well as to strengthen the Croatian brand awareness and brand presence within the Asean region,” he said.

Chairman of EuroCham Malaysia, Oliver Roche, said though Croatia is the youngest European Union (EU) member state, it is a rising business centre of inventions and discoveries and added that currently two-thirds of the Gross Domestic Product (GDP) of Croatia is contributed by the services sector, while its industrial sector accounts for another quarter.

Meanwhile, President of the Croatian Chamber of Economy, Luka Burilović, said Croatia may be considered a small country, but its inventions have transformed the human existence all over the world including parachute, tungsten light bulb and ballpoint pen, to name a few.

“We are very excited to kick-start this remarkable partnership with EuroCham Malaysia, particularly in spearheading knowledge and technological exchange together between EU, Croatia, and Malaysia,” he said.

Starcevic, who assumed the post of Croatian Ambassador to Malaysia in December 2019, said trade relations between Malaysia and Croatia is progressing well, both in traditional and non-traditional sectors.

“As for traditional sector, Croatia is one of the biggest per-capita importers of palm oil from Malaysia under EU, where 27 per cent of our total import comprises palm oil,” he said, adding that the total annual trade between the two countries currently amounted to about US$30 million.

Source: Selangor Journal

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