(TheCapitalPost) – In a significant stride towards strengthening the enduring diplomatic and commercial ties between Malaysia and Australia, the Malaysia Digital Economy Corporation (MDEC) and the Australian Trade and Investment Commission (Austrade) have entered into a momentous Memorandum of Understanding (MOU).
This milestone MOU has been commemorated with a multifaceted mission led by MDEC to Australia, featuring participation in the Global Entrepreneurship Congress held in Melbourne. Alongside this, productive business meetings were conducted in Melbourne and Sydney, with key partners such as MATRADE (Malaysia External Trade Development Corporation) and MIDA (Malaysian Investment Development Authority) offering their support. The collaborative efforts between these entities are poised to generate an estimated RM100 million in digital export opportunities.
The significance of the MDEC-Austrade partnership extends beyond the borders of Malaysia and Australia. It holds tremendous promise for the entire ASEAN region and Australia, promising to foster economic growth, drive innovation, and create a plethora of opportunities for businesses and individuals alike. This strategic collaboration underscores not only the strong bilateral relationship between the two nations but also their shared commitment to advancing digital economies on a global scale.