Brazilian Firms Urged To Tap ASEAN Opportunities Using Malaysia As Gateaway

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, Oct 26 (Bernama) -- Malaysia has urged Brazilian businesses to seize abundant opportunities as the country offers a vibrant investment destination and trusted gateway to the ASEAN region.

Deputy Prime Minister Datuk Seri Fadillah Yusof said Malaysia offers Brazilian companies unparalleled access to a market of more than 600 million consumers. 

“This opens doors for Brazilian investors and exporters to leverage Malaysia’s connectivity and business-friendly environment in tapping the full potential of Southeast Asia’s dynamic and fast-growing economies,” he said in his welcoming remarks at the Malaysia-Brazil Business Summit 2025 here today, which was also attended by Brazil President Luiz Inacio Lula da Silva.

The event coincided with the 47th ASEAN Summit and Related Summits taking place from today at the Kuala Lumpur Convention Centre.

Fadillah said the Malaysia-Brazil Business Summit 2025 provides a timely platform to deepen bilateral economic cooperation and unlock new trade and investment opportunities, especially as Malaysia drives a more integrated and sustainable ASEAN economy under its current chairmanship. 

He said in 2024, Brazil remained Malaysia’s second-largest trading partner among Latin American countries, with total trade surging 16.6 per cent to over USD4.46 billion as exports reached USD0.9 billion while import grew faster to USD3.55 billion. (USD1 = RM4.22)

“This positive and growing trade engagement points to enhanced cooperation and shared growth in the years ahead.

“Malaysia also welcomes Brazilian investors to explore investment opportunities across a wide range of sectors including semiconductors; aerospace; energy with the focus on oil, gas and biofuels; agriculture; and halal industry -- to establish operations in Malaysia, whether through investment, technology transfer or research and development partnerships that will bring mutual benefits,” he added.

-- BERNAMA