Investors keen to come to Johor, says Puah

Puah (third from right) in a press conference at the Johor Baru Chinese Chamber of Commerce and Industry building.


JOHOR BAHRU: Johor is taking a proactive approach to draw more Chinese manufacturers who are affected by the trade war between China and the United States.

State International Trade, Investment and Utilities Committee chairman Jimmy Puah Wee Tse said he was confident a recent trade mission to China would bring about positive results by the end of this year.

“We have engaged with at least 10 Chinese companies on trade discussions during the visit and received a lot of enquiries on investment in Johor.

“These companies are those that want to evade the effects of tariffs resulting from the trade war between China and the United States,” he said in a press conference at the Johor Baru Chinese Chamber of Commerce and Industry (JBCCI) building here.

The trade mission, organised by JBCCI was from May 27 to June 2, where the group had visited companies in Guangzhou, Huizhou and Shenzhen.

Puah said three memorandums of understanding (MoU) were also signed between JBCCI and Chinese business associations during the mission that aims to strengthen collaboration between the parties.

“This time we are focusing more on the manufacturing sector as it was the most affected by the trade war between the two nations,” he said.

He said some Chinese companies had expressed interest to move part of their operations to Johor as they found facilities and infrastructure here helpful for their businesses.

“Johor has many advantages to attract investors, including highways, three ports and an international airport.

“Its proximity to Singapore is an added advantage as the republic is an international trade and financial centre,” he added.

Both China and the United States are locked in a trade war with United States president Donald Trump increasing tariffs on Chinese imports.

Source: The Star Online