Malaysia and Australia are bringing their digital ecosystems closer with the announcement on 10 December 2020 of a new Memorandum of Understanding (MoU) to facilitate bilateral trade and investments in the digital sector.
The Malaysia Digital Economy Corporation (MDEC) and the Australian Trade and Investment Commission (Austrade) signed the MoU to further strengthen business ties in the tech and digital sector.
The MoU will enhance collaboration in corporate digital transformations; capacity building in digital skills; research collaboration; and encourage Australian-Malaysian tech exchange.
“Right now, the demand for digital solutions and tech innovations has been growing rapidly. As such, this new venture between MDEC and Austrade is very timely. The end-goal is wholly focused on producing a conducive and engaging collaboration that facilitates business and cooperative opportunities between Malaysian and Australian tech companies. This will further deepen our relationship as partner nations and further strengthen our cultural and regional connections,” said Tan Chuan Ou, Deputy General Secretary of the Ministry of Communications and Multimedia Malaysia.
“Knowledge-sharing and technology exchange are now vital in this digitally- powered new norm. With these two at the front-and-centre for this MoU, businesses on both sides can now quickly connect and work on collaborations of their own. It will also positively impact other critical economic activities such as cross-border trading on digital platforms and talent development for the technology sector. These, and other ecosystem enhancements, will amplify the digital economy’s growth rate,” added Surina Shukri, CEO of MDEC.