FRANKFURT:
Malaysia’s relations with Germany has a
"great future" not only in trade and economic relations but also in
other areas of interest, particularly education.
"I
believe there is great future in relations with Europe’s economic powerhouse
and Malaysia, a key member country of the ASEAN (Association of Southeast Asian
Nations).
"Both
sides have good fundamentals for forging a close cooperation in various areas
of interest," said John Samuel, the Frankfurt-based Malaysian consul
general, in an interview with Bernama at his office. "We need to inject a new element to
provide a strong growth momentum to our bilateral relations. I believe
education is one area which will drive bilateral ties to the next level.
"Indeed,
I think cooperation in the field of education and tourism needs to be
intensified," Samuel said.
The
German industry is looking for markets in Asia because Europe is mired in a
crisis and the opportunities available in Germany’s direct neighbourhood are
limited.
In
addition to China and India, which appeal to the majority of German companies,
there is also a growing engagement by the German industry in the Asean region
which, as a market of some 600 million consumers, is an attractive proposition
for it. Bilateral trade with Germany
in 2011 amounted to RM40.37 billion, accounting for 3.2 per cent of Malaysia’s
total foreign trade.
Germany-Malaysia
trade in the first quarter of 2012 amounted to RM10.41 billion; Malaysia’s
exports amounted to RM4.28 billion and imports from Germany RM6.13 billion.
Over
300 German companies maintain a physical representation in Malaysia, of which
70 have production operations while many German companies, increasingly, use
Malaysia as a regional hub for Southeast Asia.
BERNAMA
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