Malaysia’s pro-business stance attracts more and more French companies

Within its three decades of existence, the Chamber of Commerce and Industry France Malaysia (CCIFM) has steadily transformed from 19 founding members to more than 300 today.

It has supported hundreds of French and Malaysian companies in developing their businesses in both countries.

In conjunction with its 30th anniversary, CCIFM President Gilles Waeldin, Chairman Datuk Zainal Amanshah and H.E. Roland Galharague Ambassador of France to Malaysia share their views on the advantages of French companies operating in Malaysia, the opportunities that the country offers, Malaysia’s strategic position for developing business and the chamber’s innovative work strategies.

There are about 500 legal entities linked directly or indirectly to France, employing more than 30,000 people with a total turnover of €5 billion.

“Most of the French companies that set foot in Malaysia have stayed and expanded over the past 30 years. They brought with them sustainable values, which translate into localising knowledge and minimising foreign worker intake,” Waeldin highlighted.

“Malaysia is a great place for investment, favoured by foreign companies since the late 60s. It is and still remains the place to be in South East Asia. Beyond the warm welcomes and being at the centre of a 600-million people market, it is just about overall best average of the many indicators you need to confidently set up your business. French investors are like most investors; they need stability.

“Pro-business stance by the country leaders and great government agencies such as MIDA helps to implement policies and incentives to facilitate investment and create an attractive business environment,” Datuk Zainal mentioned.

“They also see Malaysia as a perfect hub within Southeast Asia to develop regional activities and reach new markets, even more so when free trade agreements are in force. All these are reasons why French companies are so keen on this country and have invested in almost every sector.

“Such thriving economic cooperation serves as a good basis for our strategic partnership with Malaysia,” said H.E. Roland Galharague.

-NIAGATIMES

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