MITI Minister On Working Visit To Hong Kong

KUALA LUMPUR, Jan 17 (Bernama) -- International Trade and Industry Minister (MITI) Darell Leiking is on a three-day working visit to the Hong Kong Special Administrative Region beginning Wednesday to strengthen trade and investment ties. The minister was invited by The Economic Times to deliver a keynote address as a guest of honour at the third edition of the Asia Business Leadership Conclave (ABLC) which starts today, said the MITI in a statement. He will also launch the Malaysian Products Corner under the Truly Malaysia Programme (TMP), an initiative resulting from a collaboration between the MH Cross Border Group, the Hong Kong Chinese Pharmacist Association and the Hong Kong Chamber of Commerce and Industry. This initiative enables Malaysian products to be sold in more than 4,500 pharmacies in Hong Kong. During the working visit, Darell will also be meeting with senior representatives from the Asia Plantation Hong Kong Ltd, Meitec Ltd, Kuok Group, AECOM Technology Corporation and Lee & Man Paper Manufacturing Ltd. He will also meet with representatives from the Malaysian Chamber of Commerce Ltd, and host a networking dinner with about 100 Malaysian professionals and students in Hong Kong to celebrate the New Year and the upcoming Chinese New Year. “As the Guangdong-Hong Kong-Macau Greater Bay Area rapidly emerges as an integral part of China’s development for the coming decades, this working visit is indeed timely for Malaysia to elevate the existing trade and investment ties with Hong Kong,” said MITI. The ministry said Hong Kong was the top source of foreign direct investment (FDI) inflow to Malaysia in 2017. As of September 2018, it was Malaysia’s third largest source of stock FDI and the seventh largest investor in the country’s manufacturing sector in the January-June 2018 period, with approved investments worth RM467.4 million. In 2017, it was also Malaysia’s ninth largest trading partner with total bilateral trade at RM61.72 billion. -- BERNAMA