KUALA LUMPUR: Three memoranda of understanding (MoU) were signed yesterday on the opening day of the Global SMEs 2006, one of the most comprehensive annual trade fairs for SMEs.
The opening was officiated by Works Minister Datuk Seri S. Samy Vellu.
They were signed between Small and Medium Enterprise International Co-operation Association (SME International) of Malaysia and three organisations Vietnam Association of SMEs, Beijing International Cooperation Association of SMEs and Artisense Webtech Sdn Bhd.
The MoUs are aimed at achieving long-term relationships and promoting business investment opportunities for SMEs, organising chairman and SME International president Datuk Syed Amin Aljeffri said at the opening ceremony.
The three-day fair is aimed at facilitating cross-border linkages and creating business opportunities that should help strengthen local SMEs in the face of globalisation.
Held together with the event is the East Asia SME Business Forum, which is aimed at providing a full insight into business opportunities for SMEs on trade policies, business environment and banking regulations in the East Asia region.
Through Global SMEs 2006, we hope to complement the Governments efforts to help local SMEs expand their businesses and venture into the international market, Amin added.
The joint event is expected to attract 20,000 to 25,000 visitors, up from 15,000 last year.
Penang-based Coraza Systems Malaysia, provider of high precision sheet metal fabrication and assembly works, said it hoped the event would assist the company in creating market awareness locally and globally.
We aim to expand into China. Although we are now in negotiations with our Singapore partner to tap the China market, we hope to widen contacts there through this event, business development manager Vincent Yeap told StarBiz.
He said the company was also eyeing the Vietnamese market.
Vietnam-based Binh Xuyen Industrial Park, owned by An Thinh Construction Investment Co Ltd, is hopeful that the exhibition would promote the industrial zone to Malaysian and other companies in the region.
The fair, jointly organised by SME International, Kuala Lumpur Malay Chamber of Commerce and Expomal International Sdn Bhd, is endorsed by Malaysia External Trade Development Corp and supported by the Asean Business Advisory Council Malaysia Chapter, the East-Asia Business Council Malaysian Chapter and Majlis Ekonomi Melayu Malaysia.