On May 27th, Gao Yan, Chairperson of the China Council for the Promotion of International Trade (CCPIT), met by video in Beijing with Dai Liangye, Chairman of the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM). The two sides had in-depth exchanges of views on further promoting China-Malaysia economic and trade relations, jointly striving for the early entry into force of the Regional Comprehensive Economic Partnership (RCEP), and deepening cooperation between the two organizations in fields such as commercial law, trade and investment.

Gao Yan said that China is deepening its opening up and accelerating the construction of a new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other. Malaysian business circles are welcomed to take an active part in China’s development process and share China’s development opportunities. The CCPIT stands ready to work together with the ACCCIM by organizing enterprises of the two countries to participate in high-quality Belt and Road cooperation, promoting RCEP to take effect as soon as possible, and strengthening cooperation in World Chinese Entrepreneurs Convention (WCEC) and the prevention and settlement of international commercial disputes, so as to build an efficient communication platform for enterprises of both sides and continuously promote the development of bilateral economic and trade relations.

Dai Liangye said that despite the COVID-19 pandemic, China-Malaysia economic and trade cooperation has increased, and bilateral trade and investment have maintained substantial growth. As the ACCCIM celebrates its centenary this year, it will take this opportunity to strengthen exchanges with the CCPIT and seize the opportunities brought by the entry into force of the RCEP to promote more fruitful economic and trade cooperation between the two sides. Officials from the ACCCIM briefly introduced Malaysia’s economic development prospects and the cooperation between the two organizations in the prevention and settlement of international commercial disputes.

Officials from the CCPIT Department of International Relations, Department of Trade and Investment Promotion, and Department of Legal Affairs, as well as those from the Department of Bilateral Cooperation of the China Chamber of International Commerce (CCOIC) attended the event.