Singapore Matrade to be contact point for JS SEZ investors

Tengku Datuk seri Zafrul Tengku Ab Aziz, Tengku Datuk Serang Seri Zafrul Tengku’s son, said that the newly opened Malaysia External Trade Development Corporation office in Singapore will be the first point of contact for investors interested in the Johor-Singapore Special Economic Zone.

The Investment, Trade and Industry minister said that Singapore is a major investor in Malaysia and the two nations have seen a growing trade relationship.

“We have agreed to work together for the JS-SEZ.

He told reporters that he met a number local business leaders at the lunch hosted by Singapore Deputy Premier Gan Kim Yong, on June 13, and they were all excited about the JS-SEZ.

He said that the opening of the Matrade office in the island nation, the 49th branch of the company, was the perfect time.

He said: “I hope that they will use the Matrade offices and the Malaysian Investment Development Authority’s (Mida), as a contact point once the JS-SEZ is finalised at the end of this year, after the annual leaders retreat involving the two countries.”

Zafrul said that the new trade office offers Malaysians and Singaporeans significant and real opportunities.

The International Procurement Centres will allow Malaysian companies the opportunity to take advantage of this and become part of larger regional supply chains.

He added that the new Matrade office “symbolises our commitment to harnessing Asean’s boundless economic potential, in order to generate more intra Asean trade, investment and flows within the area.”

Zafrul witnessed, in conjunction with the launching of the e-Commerce website, the signing of a Memorandum of Understanding (MoU), between Matrade Global Selling and Amazon Global Selling. The MoU aims to increase the number of cross-border e-Commerce sales for Malaysian brands and support their growth by providing training workshops.

In addition, the MoU will provide Malaysian small and medium businesses with the knowledge and resources they need to grow their brand in the United States and expand their presence on Amazon eStores.

Both parties will work together to maximize the opportunities for Malaysian brands and sellers to expand their business internationally.

In the period January-April 2024, the number of new Malaysian sellers who export their products through Amazon Global Selling almost doubled compared to that same period last year.

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