According to David Jones, he chairman of the EUMCCI (European-Malaysian Chamber of Commerce and Industry), the recent Eurozone debt crisis will not dampen the efforts of companies from Europe to bring green technology into Malaysia. He said that the favourable regulatory framework and policies offered by the Malaysian government and the young and growing green industry here are main factors why European companies are very interested in working with local companies in this sector.
He said that the reason why the is a growing interest from these companies were because they were not at all affected by the crisis while there has also been enquiries coming in from Malaysian companies as well. Jones added that Malaysia is the second biggest trading partner within Asean with the EU (European Union) which in 2010 reported bilateral trade in goods of €31.9 billion. To that end, the new policies provided for through the Ministry of Energy, Green Technology and Water would further strengthen and enhance the ties.