KUALA LUMPUR—Today Y.B. Dato’ Sri Liow Tiong Lai, Minister of Transport for Malaysia, opened the 2nd China Malaysia Port Alliance Annual Meeting at the Kuala Lumpur Convention Centre. The meeting was held alongside the first Breakbulk Southeast Asia convention and exhibition for the project cargo and breakbulk industry.
The minister took the podium in front of more than 50 members of the alliance who gathered to discuss the alliance’s progress and several new initiatives. The China Malaysia Port Alliance was formed to support the two nation’s common objective to promote regional economic cooperation, increase investments and bring development and prosperity as part of the 21st Century Maritime Silk Road, also known as the One Belt and One Road initiative.
“Malaysia strongly supports the 21st Century Maritime Silk Road initiative and we are committed to work with China to further enhance the bilateral ties towards a comprehensive strategic partnership,” Minister Liow Tiong Lai. “The ultimate objective of the port alliance is to facilitate trade by using ports in Malaysia and China as the gateway.
[Visit Breakbulk Southeast Asia, 5-6 September. Doors open at 8:00. Register online.]
Currently, there are six Malaysian ports and 10 Chinese ports in the alliance. Malaysia will add three new port members and China will add an additional two, he said. In the future, the alliance may expand membership to include shipping lines, freight forwarders and other key port partners.
China and Malaysia already have a strong collaboration with Chinese investment fueling various sectors. The minister mentioned a recently formed partnership with Alibaba, a Chinese technology leader, to create the Digital Free Trade Zone. “It will be the world’s first special trade zone that will promote the growth of e-commerce,” he said. “This initiative is part of the digital road map which aims to double ecommerce growth rate of SME’s goods exports to reach US$38 billion by 2025.
Other partnerships include the proposed Melaka Gateway Multipurpose Deep Sea Port, Maritime Industrial Park and the East Coast Rail Link (ECRL) project.
He closed his comments by congratulating Port Klang Authority as Malaysia Secretariat and also the other Malaysian Ports on this initiative. Port Klang Authority General Manager Capt. K. Subramaniam will discuss the port’s perspective on regional project and breakbulk trade, as well as the port’s plans for development, at the Breakbulk Southeast Asia event on Thursday, 6 Sept. at 14:00 in Hall 4 of the KLCC.