Indonesian Business Actors Prepare To Welcome Great Opportunities In Malaysia China Summit 2024

Photo: Special

JAKARTA - In the midst of a push to strengthen regional economic relations and collaboration, Malaysia-China Summit (MCS) 2024 or the Malaysia-Chingkok 2024 Summit, it is recognized by Indonesian business actors as a forum that can encourage international collaboration and trade. Indonesian entrepreneurs are expected to send delegates to this prestigious summit which will be held in Kuala Lumpur in December.

The network event held in Jakarta today highlighted the importance of strengthening economic relations in ASEAN and how MCS 2024 can be a significant opportunity for economic growth and collaboration between countries. MCS 2024 emphasizes the collective benefits and common interests in regional economic integration.

Malaysia-Indonesia Relations Strengthen

HE Dato' Syed Mohamad Hasrin Tengku Hussin, the Malaysian Ambassador to the Republic of Indonesia, said in his remarks that MCS 2024 was not only a meeting point for business actors, but also a catalyst to strengthen relations in ASEAN, especially between Malaysia and Indonesia.

"This summit will be held in conjunction with the 50th Anniversary Celebration of Malaysia's bilateral relationship with China," he said, Thursday, June 21.

Dato' Syed Mohamad Hasrin gave a speech represented by Mr. Farzami Sarkawi, Deputy Chief of Mission of the Embassy of Malaysia in Jakarta at the Networking Series MCS 2024 event in Jakarta as part of an effort to promote this conference in ASEAN countries, especially Indonesia. A similar event will also be held in Bangkok, Thailand next month.

Gold Opportunities For Indonesian Entrepreneurs

Chairman of BPC HIPMI West Jakarta, Ir. Rika Amelia Rush, stated that MCS 2024 is an extraordinary opportunity for Indonesian entrepreneurs to showcase their expertise and innovation.

"MCS 2024 provides a platform to showcase innovative capabilities, products, and services, as well as reach a wide audience in ASEAN and China. This summit allows the exchange of knowledge and experiences that have an impact, thereby increasing our presence on the global stage," he said.

MCS 2024, which will be held on December 17-19 2024 at the Malaysia International Trade and Exhibition Center (MITEC) in Kuala Lumpur, will be hosted by Malaysia External Trade Development Corporation (MATRADE) and Qube Integrated Malaysia Sdn Bhd. The event commemorates 50 years of bilateral Malaysian-Chinese relations and promises dynamic platforms for trade and investment, encouraging economic integration and cooperation between ASEAN and Chinese countries.

Integrating ASEAN For The Future

Although MCS 2024 is an event between Malaysia and China, Dato Syed Mohamad Hasrin stressed that its impact extends far beyond these two countries. "Integrating ASEAN into this conference is an important strategic step to increase the resilience and economic competitiveness of the region," he said.

Benefits For Indonesian Business And Economy Actors

Richard Teo, Executive Chair of Qube Integrated, highlighted the great benefits for Indonesian businesses participating in this summit.

"This is an ideal platform for perpetrators to expand their network with more than 500 exhibition participants and 10,000 visitors. This will encourage connections with leading companies from Malaysia, China, and other ASEAN countries," said Richard.

The theme of the conference, 'Prosperity Beyond 50,' indicates the long-term partnership between Malaysia and China while opening up opportunities for the future. Indonesia's participation is very important given the strong trade relationship between Indonesia and Malaysia. In 2023, bilateral trade reached RM 111.21 billion (24.39 billion US dollars), making Indonesia Malaysia's seventh-largest trading partner globally and third-largest in ASEAN.

With Malaysia chairing ASEAN in 2025, MCS 2024 is in line with ASEAN's vision of a prosperous and connected region. Indonesian companies are invited to participate in this transformational event, which promises a more integrated and collaborative future within ASEAN.

The networking event in Jakarta was attended by 200 guests from the public and private sectors. AirAsia, the official airline partner for MCS 2024, also participated as a speaker.

MCS 2024 is supported by strategic partners such as Tourism Malaysia, Malaysia Convention & Exhibition Bureau, Malaysia-China Business Council, National Chamber of Commerce & Industry of Malaysia, Malaysia-China Chamber of Commerce, China Enterprises Chamber of Commerce in Malaysia, and MAYCHAM China.