Malta Enterprise is currently receiving applications from companies interested in participating in business delegations that it will be leading to Milan, Tunis and to Cologne and Munich in the coming months.
These three delegations are part of Malta Enterprise’s calendar of internationalisation events, through which it helps Malta-based enterprises seek business opportunities in foreign markets and internationalise their operations, whilst also promoting Malta as an ideal trade and investment location.
The advantages of internationalisation for companies are various, from the possibility of reducing their dependency on their home market to the opportunity of growing the business and opening up to innovations in the target markets.
With Italy being one of Malta’s major economic partners both in terms of trade and investment – also thanks to the two countries’ geographic and historical proximity – the delegation to Milan between 21 and 24 May is expected to strengthen existing commercial ties while helping in the development of new opportunities.
The focus on Milan has been determined by the fact that the Lombardy region is one of the main motors of the Italian economy, contributing more than one fifth of the entire country’s GDP.
As the region is seeking to come out of the economic crisis that has hit Italy harder than other major economies, sectors such as mechanical and precision engineering, electronics and ICT, education and training, financial and professional services, renewable energy and food and beverages, as well as travel and tourism, are offering various business opportunities.
Similar sectors are also being targeted by the delegation to Tunis, which is due to take place between 13 and 17 June. Transport and logistics, as well as construction and related services are also promising areas for business opportunities.
This delegation will be the third one to Tunis since last year’s revolution, which led to radical changes in the country and its business environment. Participants will also have the opportunity to do further networking whilst visiting the Tunisia Investment Forum and the Tunis-Medindustrie Fair, which coincide with the dates of the visit.
An incoming delegation to Malta and various institutional delegations were also held as part of the initiatives the two neighbouring countries are taking to strengthen their commercial ties, with positive results being registered so far.
Following the successful visit to Dusseldorf and Berlin last year, the business delegation to Germany will be visiting the cities of Cologne and Munich in the first week of July. Apart from being the strongest economy in the EU, and one of the strongest worldwide, Germany is leading the way in efforts to ensure Europe’s economic recovery.
Malta and Germany also have a long-standing commercial relationship, as evidenced by the fact that in previous years Germany was the market to which Maltese companies exported most goods as well as the strong presence of German companies that have chosen to set up their operations in Malta and have flourished in its business-friendly environment.
As part of its assistance, Malta Enterprise will endeavour to set up one-to-one meetings for each participating enterprise through its network of business support organisations. Moreover, it may cover part of the costs for one representative of each participating company, reimbursing 60 per cent of the cost of an economy flight ticket and providing a per diem allowance.
Further information is available by visiting www.maltaenterprise.com or contacting the Internationalisation Unit at Malta Enterprise on telephone 2542 0000 or via email on [email protected]