The achievements of Maltese and Malta-based businesses in internationalising their products and services worldwide were celebrated at the second edition of the Malta International Business Awards organised by Trade Malta. It was a night where the stories of companies that started from Malta but travelled far in their zest for growth beyond local shores were recognised.
Twelve companies that have distinguished themselves in their international endeavours were classified as finalists for the most inspiring stories. The overall company winner in internationalisation was AquaBiotech Group.
Throughout the evening, several awards for internationalisation excellence were awarded. These were as follows:
- Award Small Business Category: Pet Nutrition House
- Award Medium-Sized Business Category: AquaBioTech Group
- Award Emerging Markets Category: Mediterranean Ceramics
- Award Innovation Category: Thought 3D
- Award High Potential Category: Stargate Studios Malta
- Award Online Exporter Category: FreeHour
The Minister for Foreign Affairs and Trade Promotion Carmelo Abela addressed the night and commended the ambition and courage of Maltese and Malta-based entrepreneurs. He announced that Malta is looking at Africa as a trade partner. This is in line with the views and interests of the local private sector seeking to explore to foreign markets.
He announced that in this regard, the ministry is currently working on the first Malta Strategy on Africa, and that in the first half of 2020, a trade mission to Ghana will be led by the ministry. A trade mission to Rwanda will also take place, coinciding with the Commonwealth Heads of Government Meeting, which is taking place in Rwanda in June. He also stated that the ministry responsible for trade promotion will be receiving a trade delegation from Ethiopia as part of a concerted effort to engage with Sub-Saharan Africa.
Minister Abela spoke on the ongoing work by the Ministry for Foreign Affairs and Trade Promotion to strengthen the representation of Malta in the American, African, and Asiatic continents. “The opening of new diplomatic missions in countries where Malta does not yet have a diplomatic representation will place us in a better position to assist Maltese companies to internationalise”, said Honourable Abela. He added that the ministry will be posting a number of trade attachés in different embassies in countries that have commercial potential to serve as a leverage to Malta-based companies wishing to invest in particular countries.
The event was addressed by international guest speaker Dr Fons Trompenaars, a globally recognised consultant, trainer and author on culture and business. Throughout the day, Dr Trompenaars held a training seminar with Malta businesses organised by the Malta Chamber of Commerce, Enterprise and Industry together with Trade Malta.
Dr Trompenaars has spent over 30 years helping Fortune 500 leaders manage and solve their business and cultural dilemmas to increase global effectiveness and performance. Dr Trompenaars is ranked in the Thinkers50 2011, 2013 and 2015 as being one of the most influential management thinkers alive.