Australian Industry Group (Ai Group) is pleased to announce the renewal of our partnership with the Federation of Malaysian Manufacturers (FMM). 2025 marks 70 years of Australia and Malaysia relations, and over that time Australia and Malaysia have built an extensive economic relationship, with two-way trade valued at over AUD$30 billion per annum. This economic relationship has been built on a foundation of strong friendship between Malaysians and Australians.
From Blackmores and Bluescope to Cochlear, many of Australia's most iconic businesses have long-standing operations in Malaysia. Business between our two countries has evolved, and so we are proud to renew and update our memorandum of understanding (MOU) with FMM to reflect this growing relationship.
Today FMM and Ai Group have officially signed a renewed MOU to deepen business cooperation and foster stronger economic ties between Malaysia and Australia.
Building on our longstanding relationship that began in 1991, this renewed agreement outlines key areas of cooperation, including:
- Exchange of information on business opportunities in both countries.
- Joint participation in exhibitions, trade missions, and conferences.
- Support for visiting members through advisory and logistical assistance.
- Collaboration in training, certification, and capability-building programs.
- Promotion of strategic partnerships between member companies.
- Facilitation of investment and partnership initiatives of mutual benefit.
Tan Sri Dato' Soh Thian Lai, President of FMM, and Louise McGrath, Head of Industry Development and Policy representing Innes Willox, Chief Executive of Ai Group, signed the agreement in Sydney, reaffirming their organisations' dedication to empowering industry success and fostering regional economic integration.
"This partnership marks a significant step forward in enhancing cross-border collaboration and creating new opportunities for our members," said Tan Sri Dato' Soh Thian Lai.
Innes Willox added: "By working together, we can better support our industries in navigating global challenges and unlocking new growth potential."
Ai Group believes partnerships such as the one with FMM are key to ensuring Australian businesses can diversify and find new opportunities in among our closest neighbours.
