Italian businesses eye Malaysia as the gateway to opportunities from RCEP

CIMB ASEAN Research Institute (CARI) in partnership with ASEAN Business Club hosted another webinar under its flagship Invest ASEAN series on ‘Italian Industry Expertise in Malaysia’.

The Chairman of CARI, Tan Sri Dr. Munir Majid in his opening statement highlighted on Invest ASEAN series presenting an active forum for influential policymakers and corporate leaders to share and identify key opportunities for growth and development in the ASEAN region, apart from analysing the emerging trends on global business and markets.

“As the central player of the Regional Comprehensive Economic Partnership (RCEP) Agreement, ASEAN offers global businesses to tap into the largest free trade agreement in the world. With 15 signatories, RCEP represents a market of 2.2 billion people and a combined GDP of US$26.2 billion.

“On the other side of the equation, many of us may not realise that Italy is well above the EU average in the production and use of industrial robots and adoption of Industry 4.0 technologies such as the cloud, IoT and M2M (machine to machine) communications,” he said.

Meanwhile, the Ambassador of Italy in Kuala Lumpur, His Excellency Cristiano Maggipinto stressed that Italy has pursued a strategy to strengthen relations with ASEAN.

“This important outcome institutionalised our growing political, economic and social ties, giving us a prominent role in Southeast Asia.

“In this framework, Italy has given new depth to the relations with Malaysia, which represents one of the most relevant nation in ASEAN and offers a number of benefits that are not easily found in the region,” stated Ambassador Maggipinto.

-NIAGATIMES

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