Published on October 28th, 2014 | by Daniel Sherman Fernandez0
Automechanika Kuala Lumpur expects a 73% increase in European exhibition space
As the automotive market in the ASEAN market continues to grow, it is becoming increasingly important for firms to connect with companies and customers. Automechanika Kuala Lumpur, Malaysia’s leading regional trade fair for the automotive industry targeting trade visitors from ASEAN, is expected to attract more than 6,000 visitors when it is held on 19 – 21 March 2015 at the Kuala Lumpur Convention Centre, Kuala Lumpur, Malaysia.
In addition to offering a leading insight into the ASEAN automotive market and industry, the show is expanding its European influence as well. Now in its second year with a European pavilion, the fair expects to see a 73 percent increase in European exhibition space, and with more European countries participating than ever before. This is a great opportunity to see the latest from repeat countries such as Italy, as well as new countries including Bulgaria and Poland. Even more countries are expected to sign up for the show in the coming months.
The European pavilion follows on from the astounding growth seen in the Malaysian market in recent years. Whilst Europe is now gradually recovering from the financial crisis, the Malaysian market continues to attract companies worldwide due to its stable and secure business environment. And with a high level of car ownership in Malaysia – 341 cars per 1,000 people – there is strong aftermarket potential for auto components and accessories firms.
Automechanika Kuala Lumpur is part of the growing trade platform for companies looking to access not only Malaysian but also ASEAN markets, with the European Union (EU)-Malaysia Chamber of Commerce & Industry (EUMCCI) launching the fourth EU co-funded project to support EU Small and Medium Enterprises and even further improve access to the region. Trade barriers have been removed over recent years, and now ASEAN nations are also exporting to the EU in record numbers. Agreements such as the Malaysia-Turkey Free Trade Agreement (MTFTA), signed in April this year, are further boosting cooperation – the Turkish Uludag Exporters’ Association (UIB) will join Automechanika Kuala Lumpur for the first time in 2015. According to some estimates, ASEAN exports to the EU would have increased by more than 18.5 percent – this will represent a two percent boost to ASEAN’s GDP by 2020, with a two percent growth also predicted for EU exports to the region. Automechanika Kuala Lumpur recognises the potential for even further cooperation, which is why its European pavilion offers exhibitors special upgrades on booth design and a whole host of other bespoke services.