News From : DagangHalal.com (28 Oct 2008)
Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam with a total area of 4.5 million square kilometers are Association of Southeast Asian Nations (ASEAN) groups. With collaboration between China and ASEAN, business people from both are seeking opportunities for future development at the ongoing 5th China-ASEAN Expo here amid rampant global financial crisis. ASEAN countries are full of resources, including various farm produce, minerals, logs and rubber, which are necessities for China’s rapid development. ASEAN also needs China’s capital and technology to speed up their infrastructure building. At the Expo, China and ASEAN countries have signed at least 80 contracts with a total investment of 51.9 billion Yuan (7.59 billion U.S. dollars) on China’s manufacturing, mineral exploitation and processing, tourism development, infrastructure, telecommunications, energy, agriculture and farm produce processing. Environment protection and hi-tech industry are another two targets of cooperation. China and ASEAN have signed 13 projects with a total investment of 6.98 billion Yuan at the expo, the largest in the past five expositions. Wang Yu, a Trade Company General Manager from South Eastern China’s Fujian Province said, he wants to order some rubber, fragrant rice and logs. These are specialties of ASEAN and take up a large share of China’s domestic market. Chinese vice Minister of Industry and Information Technology, Lou Qinjian said, China and ASEAN have a good prospect of cooperation on accelerating telecommunications development and industrialization, improving the information level and renovating traditional industries. Malaysia is a willing to collaborate with China. Malaysian products could not only enter the ASEAN market, but also the markets of the Middle East, Europe and the United State. As long as a fully cooperate and display the advantages, Muslim products are surely a new area of growth between ASEAN and China. Said Ben Abdul Aziz, Manager of the Halal Industry Development Corporation of Malaysia. Reference: HalalJournal.com By news.xinhuanet.com Oct 28, 2008, 11:19 http://www.halaljournal.com/index.php?page=article&act=show&category=2&pid=2415