Zhejiang logistics boasts Malaysia link

KUALA LUMPUR, Nov 23 -- The three-day 2020 Zhejiang Service Trade Online Exhibition (Malaysia-Logistics Service Session) hosted by Zhejiang Department of Commerce and undertaken by Zhejiang Samexpo Exhibition & Convention Holdings Co Ltd begins today, via ZOOM.

In order to promote the sustained and stable development of the foreign trade economy in Zhejiang Province, Zhejiang Department of Commerce is committed to cooperating with overseas enterprises to help them open up trade channels.

Malaysia is strategically located in the heart of the 10-member Group of Southeast Asian Nations (ASEAN), playing a key role in global logistics and links, and creating enormous business opportunities.

Malaysia has over 50 maritime ports of different sizes, among which Penang, Port Klang and Tanjung Pelepas are world famous ports, according to a statement.

Currently, Malaysia is building a core logistics centre and striving to become a logistics giant in ASEAN with broad space for cooperation.

In recent years, the logistics industry in Zhejiang has developed rapidly, with the characteristics of continuous expansion of industrial scale, economic structure and gradual optimisation of service mode, which plays a positive role in promoting economic development and accelerating industrial structure adjustment in the whole province.

Within three days, Zhejiang enterprises will conduct one-to-one accurate trade negotiation with Thai buyers through online live broadcast on the basis of previous offline match making.

At the same time, a logistics theme supporting activity will be held every day during the activity to invite Malaysian industry experts and Zhejiang enterprises to exchange views on the logistics industry development.

It is estimated the fair will exceed 120 rounds of meetings, the intended turnover is expected to break through US$5 million. (US$1 = RM4.085)

-- BERNAMA