MAJECA (Malaysia-Japan Economic Association) is a bilateral association formed for the purpose of promoting a closer economic relationship between the private sectors of Malaysia and Japan through mutual discussions at an annual economic forum, and other related activities.
With the encouragement of the Prime Ministers of Japan and Malaysia at the time, MAJECA was formed at a Joint Conference in Kuala Lumpur on November 14, 1977.
This economic forum is intended to provide a vehicle for the forging of close and harmonious economic relationships between the two countries – thus translating into practice what the two Governments have been striving to achieve in their bilateral relations.
The common objectives of MAJECA are the following:
- To foster friendship and promote close and harmonious economic relations between Malaysia and Japan;
- To promote a greater understanding between the private sectors of Malaysia and Japan regarding economic policies and situations of the respective countries;
- To present to the Governments, as and when necessary, advice, proposals and recommendations in order to achieve the objects outlined in (1) and (2).
MAJECA is working with the following counterparts:
a) Japan-Malaysia Economic Association (JAMECA)
JAMECA is MAJECA’s bilateral counterpart, and comes under the purview of the Japan Chamber of Commerce & Industry (JCCI). The Japan Chamber of Commerce and Industry is the central organization to which all local chambers of commerce (totalling 517 with more than 1.4 million members in 2007) belong. As an opinion leader in economic circles, JCCI represents the local chambers by presenting their suggestions to the government and other bodies, and helping implement them. JCCI also plays an important role in the dissemination of information concerning government policies and programs. and the promotion of nationwide projects.
b) Keizai-Doyukai (Japan Association of Corporate Executives)
On the ASEAN-Japan platform, MAJECA is a member of the ASEAN-Japan Business Meeting or AJBM. The ASEAN-Japanese Business Meeting (AJBM) is a multilateral, private-led forum between Japan and the Association of Southeast Asian Nations (ASEAN). The inaugural meeting was held in 1974 in Tokyo, Japan, on the initiative of Keizai Doyukai, one of the influential national business organizations in Japan. Behind the creation of this forum was a strong belief among the Keizai Doyukai members of the time, that economic exchange on the private-sector level, supplementing official development aid, should play a key role to realize stability and development of the East-Asian countries.
In comparison with other international conferences and forum, the AJBM is unique in providing an arena for private sector dialogue between Japan and the ASEAN as a region.
Keizai Doyukai or the Japan Association of Corporate Executives, is a private, nonprofit, nonpartisan organization that was formed in 1946. Keizai Doyukai membership comprises approximately 1,300 top executives of some 900 large corporations, all sharing the common belief that corporate managers should be key players in a broad range of political, economic, and social issues.
c) KEIDANREN (Japan Business Federation)
The Asian Business Summit was spearheaded by KEIDANREN and held the first meeting in 2010 in Tokyo. KEIDANREN is a comprehensive economic organization with a membership comprised of 1,300 representative companies of Japan, 121 nationwide industrial associations and 47 regional economic organizations (as of July 1, 2013).
The other participants of the Asian Business Summit currently comprise:
People’s Republic of China
- China Council for the Promotion of International Trade (CCPIT)
- China Enterprise Confederation (CEC)
India
- Confederation of Indian Industry (CII)
Indonesia
- Indonesian Chamber of Commerce and Industry (KADIN)
Republic of Korea
- The Federation of Korean Industries (FKI)
Malaysia
- Malaysia-Japan Economic Association (MAJECA)
Union of Myanmar
- Union of Myanmar Federation of Chamber of Commerce and Industry
Republic of the Philippines
- Philippines-Japan Economic Cooperation Committee, Inc. (PHILJEC)
Singapore
- Singapore Business Federation (SBF)
Chinese Taipei
- Taiwan Committee on East Asia Businessmen’s Conference
- Chinese National Association of Industry & Commerce (CNAIC)
Thailand
- The Joint Standing Committee on Commerce, Industry and Banking of Thailand (JSCCIB)
Socialist Republic of Vietnam
- Vietnam Chamber of Commerce and Industry (VCCI)
MAJECA Secretariat:
17th Floor, Bangunan AmBank Group
Jalan Raja Chulan
50200 Kuala Lumpur, Malaysia
TEL: 03-20783788
EMAIL: majeca@masscorp.net.my, majecakl@gmail.com
CONTACT: Ms Ng Su Fun, Executive Secretary
MAJECA 