A new initiative launched in May aims to improve Australia–Malaysia collaboration in digital transformation.
The Australia–Malaysia Tech Exchange (AMTX) is a program of business activities across multiple sectors jointly implemented by Austrade and the Malaysian Digital Economy Corporation (MDEC). It seeks to help companies upscale their digital capabilities and increase commercial collaboration.
The AMTX program will create opportunities for Australian technology businesses to partner with Malaysian companies.
Strategic technology partnership between Malaysia and Australia
Australia and Malaysia have a long history of collaboration across technologies in the oil and gas, property, logistics and defence sectors.
A memorandum of understanding (MoU) signed by Austrade Kuala Lumpur and MDEC in December 2020 aims to build on this history of commercial partnerships focusing on multiple spheres of technology.
‘Australia is an important trading partner for Malaysia and we look forward to building closer bilateral trade ties in digital trade and investment via this program,’ says MDEC Chief Executive, Surina Shukri.
‘This collaboration will improve innovation and stimulate growth in the digital economy in line with Malaysia’s Digital Economy Blueprint,’ she adds. ‘We are committed to strengthening the tech ecosystems in both countries for shared success.’
Delivering new opportunities to tech businesses
The partnership with MDEC will help Australian businesses access major tech opportunities in Malaysia, according to Austrade’s Trade Commissioner in Kuala Lumpur, Paul Sanda. It should also promote two-way investment.
‘AMTX will also help Malaysian firms that are looking to Australia for potential investment opportunities,’ he says. ‘It should also trigger collaboration with Australian companies in other markets.’
The exchange will also promote upskilling opportunities to meet increasing demand for digital solutions.
‘This program will drive more cooperation in public–private partnerships, and this will lead to real outcomes for business,’ he says. ‘We have received fantastic support from the Malaysian government.’
Austrade contacts for technology opportunities in Malaysia
Australian cybersecurity solution and training capabilities will be on show at the upcoming CYDES2021 in Kuala Lumpur from 28–30 June 2021. This event will provide opportunities for Malaysian attendees to connect with a range of cyber expertise.