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Published: Thursday December 5, 2013 MYT 12:00:00 AM
Updated: Thursday December 5, 2013 MYT 7:31:46 AM

Making Klang a wholesale city

Working hard: Klang Chinese Chamber of Commerce and Industry president Dr Leong Kai Hin (left) and deputy treasurer Jeffery Tan discuss the details of the expo in the chamber’s offices.

Working hard: Klang Chinese Chamber of Commerce and Industry president Dr Leong Kai Hin (left) and deputy treasurer Jeffery Tan discuss the details of the expo in the chamber’s offices.

The Klang Chinese Chamber of Commerce and Industry (KCCCI) will be organising its first Klang Yiwu Cities International Commodities Expo (KYICE) this weekend in efforts to build Klang as a wholesale business city.

The expo, which will be held from Dec 6 to 8 at the GM Klang Trade and Expo Centre, will see some 200 exhibitors from around the Asean region and Yiwu, China.

The expo is expected to attract more than 50,000 visitors with its line-up of exhibited products, seminars and business matching sessions.

KCCCI president Dr Leong Kai Hin said the expo, which gathers wholesalers of every kind from office supplies, industrial materials, sports goods, food and clothing to toys, was the first of its kind here.

Leong said the idea to positioned Klang as a regional wholesale centre started with a visit to Yiwu, where the KCCCI team noted how Yiwu has grown successfully as a wholesale city.

“We wanted Klang to grow that way as well. This will promote trade and investment in the region. The MoU to bond Klang and Yiwu as friendship cities will enable us to learn and share with them in terms of business, education and culture,” he said.

As the largest port in Malaysia and the thirteenth largest in the world, Leong said Port Klang was an important trading hub in the region, enabling wholesalers to tap into the 500mil population in Asean.

Leong hopes KYICE can be held annually or biannually from next year onwards to build momentum on Klang’s position as a wholesale hub.

KCCCI deputy treasurer and chairman of KYICE 2013 Jeffery Tan said Klang as a wholesale hub would encourage more trade between China and the Asean region and provide a platform for local traders to procure goods in bulk.

“In our visits, we found that China is very interested to invest in the region. We have seen that in the property segment as well. Our governments are already working together on bigger trades. Having an expo like KYICE gives smaller players and local SMEs an opportunity to take part in this trade,” Tan said.

Tan noted that Malaysia invests some US$7bil in China but China’s investment in Malaysia only amounts to about 10% of that.

“We are looking at the SME level and how we can link these SMEs with the billion dollar investments that will be coming in over the next few years,” he said.

Tan added that promoting Klang as an international business centre will have positive spillover effects on other industries such as the packaging industry, manufacturers and hospitality.

Tags / Keywords: Business, Central Region, Klang Chinese Chamber of Commerce and Industry, KYICE

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