KUALA LUMPUR: China-Asean Business Association (CABA) has signed a memorandum of agreement (MoA) with Farlim Holdings Sdn Bhd and Universiti Tunku Abdul Rahman (UTAR) to undertake researches in Asean and China.
UTAR president and chief executive officer Prof Ewe Hong Tat said the research aimed to analyse and identify areas for cooperation between Asean and the Shandong province.
“With the dynamic changes and unexpected challenges due to the Covid-19 pandemic that have impacted world economies over the last five months, it is imperative that a research be conducted before any economic strategies are formulated, ” he told a press conference after the MoA signing ceremony.
The research team will comprise four members, led by Belt and Road Strategic Research Centre chairperson Prof Cheng Ming Yu. The research is expected to start this month, to be completed by year-end.
Meanwhile, CABA president and Farlim Holdings chairman Tan Sri Lim Gait Tong said Shandong province was selected as the connecting point due to its strategic location.
“The south of Shandong is connected to the Yangtze River Delta Economic Belt while the Coordinated Development of the Beijing-Tianjin-Hebei Region lies in the north.
“As for Shandong itself, it is one of the key cities in China’s transformation policies and it is also a pioneer in connecting with the markets of Japan, South Korea and East Asia.”
He added that over the past six months, trade between Asean and China has achieved a new historical high of US$297.9bil. — Bernama