Eco-Ideal Participating at the Business Match-making Event of EU-EAGA BizTech Partnership

EAGA or BIMP-EAGA stands for the Brunei Darussalam – Indonesia – Malaysia -Philippines – East ASEAN Growth Area. Being Asia’s largest regional grouping and spanning territories of four ASEAN countries, BIMP-EAGA was formally launched in 1994 to develop the sub-region by re-establishing and strengthening trade links between the member countries.

For our up-coming event, Eco-Ideal would be participating in the EU-EAGA BizTech Partnership which is actually a Business Match-Making event co-funded by the Asia Invest Programme of the European Commission (EC). This program or event is also jointly promoted by the State Government of Sarawak, Connect Asia Europe e.V., Germany; Spanish Institute for Foreign Trade (ICEX), Chamber of Commerce of the Philippines Foundation, Inc. (CCPFI), The French Chamber of Commerce and Industry in Vietnam (CCIFV), BIMP-EAGA Business Council (BEBC) and BIMP-EAGA Facilitation Centre (BIMP-FC). The event would be held for a period of four days starting from 16th – 19th November 2009 at Imperial Hotel Miri, Sarawak.

The project is very beneficial to all as it aims to improve the competitiveness of small and medium enterprises (SMEs) in both the EU and EAGA regions via trade and investment linkages, technology transfer and cooperation, capacity building within the four (4) key priority sectors of Environment and Energy, Natural Resources (Forestry), Agriculture/ Aquaculture and Ecotourism. For your information, the project has three main objectives:-

* To create bi-directional cross-border trade and investment linkages between the EU and EAGA SMEs and Business Intermediary Organisations (BIOs) in the priority area in order to foster partnership and co-operation in trade, investment, technology and technical know-how as well as to prepare the SMEs for business internationalization
* To strengthen commercial and technical capabilities of participating SMEs and Business Intermediary Organisations (BIOs) by improving their knowledge related to trade and investment regimes between the EU and EAGA for the purpose of economic co-operation
* To develop partner-search oriented business web portal for facilitating economic cooperation between the EU and EAGA SMEs

Being a company in the private sector, Eco-Ideal will help to play a part as one of BIMP-EAGA’s engine of growth. As the founders of BIMP-EAGA has recognized earlier, the vital role of the private sector in achieving the development objectives of the growth area cannot be justified. It is after all, the private sector that eventually decides and actually invests in projects that fuel the engines of development. Thus, the economic development strategy of the sub-region is directed at enhancing the ability of the private sector to take advantage and realize EAGA-wide investment opportunities.

For this event, our company mainly deals and focuses on the “Environment and Energy” industry sector. As a brief introduction, our company specialises in most matters dealing with the environment and among the core competencies of our company are in the field of solid waste management, environmental information system, clean development mechanism, renewable energy and wastewater.

By participating in the program, one would be able to enjoy many benefits. The event actually helps to increase the competitiveness of the SMEs in these regions for potential business joint-venture, technology partnership and exchanges of the latest business information in the four (4) priority sectors of the project.

Hence, through the participation in this partnership program, being equipped with our ever-growing knowledge and competencies on environment, we hope that our company can do our part in contributing to the growth of Malaysia and BIMP-EAGA generally and not to forget, the “Environment and Energy” industry specifically. For more information on the program, please feel free to log on to the EU-East ASEAN Growth Area website at http://www.eu-eaga.org/main.asp