Call to tap Guinea's economic sectors
KUALA LUMPUR: Malaysian firms have been invited
by the Republic of Guinea to tap opportunities in it's economic sectors like
mining and infrastructure development.
"In the past, companies like Telekom Malaysia and Bernas had invested in Guinea but failed. Things are different now and we view Guinea as a growing market in the African region," International Trade and Industry Minister Datuk Seri Mustapa Mohamed said.
Mustapa said the President of Guinea, Alpha Conde, is calling on Malaysian firms to take part in the country's economic sectors such as mining, ports construction and affordable housing projects."We should leverage on the opportunities given to us," he said yesterday at the closing of the SME joint programme by the ministry, Malaysia External Trade Development Corp and Perbadanan Usahawan Nasional Bhd (PUNB).
"In the past, companies like Telekom Malaysia and Bernas had invested in Guinea but failed. Things are different now and we view Guinea as a growing market in the African region," International Trade and Industry Minister Datuk Seri Mustapa Mohamed said.
Mustapa said the President of Guinea, Alpha Conde, is calling on Malaysian firms to take part in the country's economic sectors such as mining, ports construction and affordable housing projects."We should leverage on the opportunities given to us," he said yesterday at the closing of the SME joint programme by the ministry, Malaysia External Trade Development Corp and Perbadanan Usahawan Nasional Bhd (PUNB).
There were discussions on the possibility of SME Corp and Halal Development Corp providing expertise and consultation to create and help develop the SMEs and halal-related industries in Guinea. About 85 per cent of the country's 10 million population are Muslims.Malaysia and Guinea, which have rich bauxite reserves, uranium, diamonds and oil, have agreed to look into new areas of bilateral relations.
Mustapa said Guinea's bilateral trade with Malaysia increased by 162.7 per cent, valued at US$78.5 million (RM250.42 million) in 2011, compared with US$28.4 million (RM90.60 million) in 2010.
Palm oil constituted 71.5 per cent of Malaysia's total exports to Guinea in 2011, followed by chemicals and chemical products and processed food. Imports were mainly iron and steel, machinery, appliances and parts, and crude rubber.
Source : New Straits Times
Date
: 28 June 2012
afternoon highlight (298/06/12/115/589)
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