Richard Riot

Kosovo explores trade 
and investment in Malaysia

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KUALA LUMPUR — Kosovo’s Foreign Minister Enver Hoxhaj and its delegates is in discussions with the National Chamber of Commerce and Industry (NCCIM) to explore trade and business opportunities in Malaysia.

NCCIM president Datuk Ter Leong Yap said the meeting between these two countries could result in the establishment of trade cooperation.

“This is a first move for Malaysia to step forward into Kosovo’s market and its foreign minister has requested a trade and investment forum to be organised in Malaysia by the second half of this year,” said Ter after the meeting with Hoxhaj at the Malaysia External Trade and Development Corp (Matrade) last week.

Ter said the proposed forum will be to hold in-depth discussions on the opportunities that Malaysia could explore in Kosovo.

“At the same time, their chamber of commerce will present their business plans so that we can learn about the trade and investment opportunities there,” he said.

NCCIM has identified a few possible investment opportunities such energy, mining and construction.

“These are the sectors that we can look at. Construction is the other sector that Kosovo needs urgent support from Malaysia,” Ter said.

The NCCIM president said that the construction industry in Malaysia is matured, with experts and high technology.

“Kosovo is such a young country having declared independence from Serbia in 2008.

“This also part of the process in building a nation and the country has a gross domestic product growth (GDP) of 5-6% yearly,” he said.

He also said Kosovo could serve as a gateway to enter other European countries.

“Although their population is small with only 1.8 million people, this is part of their strategy to attract more foreign direct investment (FDI) there,” Ter said.

Hoxha was in Malaysia for a one-day official visit to pave the way for broader bilateral cooperation in various sectors.

This visit is the first high-level visit from Kosovo in four years.

Formal relations between the two countries began in 2000, when Malaysia became the first Asian country to establish a liaison office in Kosovo.