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NEWS UPDATES 23 November 2009

EU sets aside $710,000 for Malaysia business

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The European Union (EU) has allocated 600,000 euros ($710,000 or 2.4 million ringgit) to further boost Malaysia-EU business cooperation, Malaysian national news agency Bernama quoted Vincent Piket, ambassador and head of delegation of the European Commission to Malaysia as saying.

“We are about to start a new strategic project for promoting business-to-business cooperation in the services sector, with emphasis on financial services, and environmental and green technology services.

“I expect this new project to serve as a major boost to Malaysia-EU business cooperation in priority areas for Malaysia’s new economic model,” he told Bernama in an interview.

He said the project would be implemented by the EU-Malaysia Chamber of Commerce and Industry, in partnership with the Chambers of Commerce of EU member states and Malaysian partners, including the Federation of Malaysian Manufacturers.

Piket also said between 2006 and 2009, the EU funded 10 trade promotion and business facilitation projects in Malaysia with a total EU contribution of four million euros.


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