Baker Tilly in Malaysia Launches a Belt and Road Desk to Facilitate Trades Between China and Malaysia
24 Aug 2017
Baker Tilly in Malaysia has become one of the first accounting firms in the country to establish a Belt and Road Desk. Launched earlier this month in the firm’s Kuala Lumpur office, the desk is aimed at facilitating the increasing trade and business opportunities between China and Malaysia and is in direct response to the Belt and Road Initiative (BRI) launched in 2013 by China’s leaders. The BRI focuses on strengthening connectivity and co-operation between China and Eurasian countries.
Commenting on the launch, Lock Peng Kuan, partner in Baker Tilly in Malaysia, said: “The establishment of the Belt and Road Desk represents our recognition of how business in both China and Malaysia will benefit from this initiative. Earlier this year, President XI Jinping shared that Chinese enterprises contributed close to US$1.1bn in tax revenue and created 180,000 jobs in 20 countries. China’s trade with Malaysia totalled around US$100bn in 2016."
“We are excited to be a part of this initiative that will drive the government’s vision to become a competitive nation by 2020. The Belt and Road infrastructure project spans across 69 countries. Baker Tilly International has member firms in 60 of these countries, which means we and our fellow network members are in an ideal position to provide the professional services to businesses who want to take advantage of the economic opportunities of the BRI."
“Our close relationship with Baker Tilly China, who has a strong presence in 21 locations in China and over 3,000 staff, also means that we are fully geared to deliver service excellence and to act as a trusted professional service partner for China-Malaysian companies to venture into the next chapter of success.”
The plans for the Belt and Road Desk going forward includes several activities and partnerships with local associations to connect with China-Malaysia businesses to help development opportunities. Baker Tilly in Malaysia plans to help the local small and medium-sized enterprises (SMEs) in raising their global competitiveness under the Belt and Road initiative, as well as working with the Malaysian Digital Economy Corporation (MDEC) to encourage SMEs to take advantage of e-commerce in cross-border trading.
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