SINGAPORE, March 9 ― Malaysia sees its commitment to Asean as a strategic imperative in its engagement with other Asean member states and China, said International Trade and...
SINGAPORE, March 9 ― Malaysia sees its commitment to Asean as a strategic imperative in its engagement with other Asean member states and China, said International Trade and Industry Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz.
“Our economic relationship has stood the test of some trying times. China-Asean bilateral trade even bucked the negative trend caused by the pandemic, jumping from US$641.5 billion in 2019 to US$975.3 billion in 2022,” Tengku Zafrul said in his address at the CGS China-Asean Business Leaders Summit here today.
This would help to facilitate the flow of goods, capital and services, he said, adding that Malaysia is ready to support the BRI with its skilled and multilingual talent pool. “Surely there are vast opportunities in this sphere. Also, in a region where 42 per cent of the population are Muslims, Islamic finance and the halal industry remain relatively untapped for China-facing businesses, including in terms of the BRI,” he said.
Tengku Zafrul highlighted that Malaysia’s policies are strong on all three scores, reflecting the country’s strong sustainability commitment, solid focus on digital technology as well as a mature and well-regulated financial market and halal ecosystem. Meanwhile, the minister said Malaysia is confident that the upgrading negotiations of the Asean-China Free Trade Area , which are expected to be concluded within two years, will also further strengthen the existing close ties, both at the bilateral and regional levels.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tengku Zafrul: Malaysia sees minimal impact from EU Carbon Border Mechanism AdjustmentKUALA LUMPUR, March 8 — Malaysia foresees six to seven per cent of sectors to be impacted in the first year of the European Union Carbon Border Mechanism Adjustment’s...
Read more »
Malaysia attracts RM264.6bil approved investments in 2022, 2nd largest ever recorded: Tengku ZafrulKUALA LUMPUR: Malaysia's approved investments amounted to RM264.6 billion in 2022, with the services sector accounting for the largest share of the pie, followed by the manufacturing and primary sectors.
Read more »
Malaysia’s tech ecosystem to help woo top brands, Tengku Zafrul saysMalaysia is counting on its well-established ecosystem and talent pool in the electrical and electronics space to win investments amid competition from peers in South-East Asia, according to Trade Minister Zafrul Aziz.
Read more »
Krisis Myanmar, Malaysia perlu kesepakatan ASEANIsu yang berlaku adalah permasalahan serantau yang boleh menggugat keselamatan, keamanan, kemajuan dan kemakmuran ASEAN.
Read more »
Foreign minister: Malaysia will continue engagement with Asean members to find solution to Myanmar crisisKUALA LUMPUR, March 9 ― Malaysia will continue to engage with Asean member countries in finding a final solution to end the political crisis in Myanmar, said Foreign Minister...
Read more »
Malaysia to keep working with Asean members for end to Myanmar crisis | The Malaysian InsightResolving conflict needs agreement of all in bloc, Zambry Abd Kadir tells the Dewan Rakyat.
Read more »