ID :
149204
Mon, 11/08/2010 - 18:17
Auther :
Shortlink :
https://oananews.org//node/149204
The shortlink copeid
ONGOING MALAYSIA-EU FTA TO HELP STRENGTHEN BILATERAL TRADE WITH AUSTRIA
KUALA LUMPUR, Nov 8 (Bernama) -- The ongoing free trade agreement
(FTA)negotiations between Malaysia and the European Union (EU) could further
strengthen the bilateral and trade relationship with Austria.
Prime Minister Najib Razak said the combination of economic reforms and
deepening engagement with the EU through the Malaysia-EU FTA, opens exciting
avenues for businesses.
"I hope we will both continue to push pro-businesses initiatives and
encourage our respective business communities to take advantage of the potential
for trade between our two nations," he said in his speech at the
Malaysia-Austria Economic Forum here today.
His speech was read by Deputy Prime Minister Muhyiddin Yassin.
The FTA talks was launched by Najib during talks with the EU in Brussels
last month.
In 2009, Malaysia's bilateral trade with Austria only amounted to Euro 298.8
million.
Austria was Malaysia's 11th largest trading partner within the EU. Among
Asean nations, Malaysia was Austria's third largest trading partner,
after Thailand and Singapore.
Najib said Austrian companies could explore investment opportunities under
the Economic Transformation Programme (ETP), which will see the implementation
of 131 entry point projects worth Euro 98.2 billion and 60 business
opportunities worth Euro 79.7 billion.
As of July this year, 11 Austrian manufacturing projects valued at Euro 42.5
million had been implemented. Ten additional manufacturing projects valued
at Euro 19.7 million have also been approved.
Najib said these projects mainly centred on textiles and textile products,
chemicals and chemicals products, electronics and electrical products, basic
metal products as well as machinery and equipment.
To date, 40 Austrian companies are currently operating in Malaysia.
On building a knowledge-based society, the prime minister said Malaysia
could learn and emulate many things from Austria.
"I am confident that Malaysia can provide reciprocal value to Austria. I invite you to be our partner in developing our human capital and look forward to building a long and mutually-beneficial relationship between our two countries," said Najib.
Najib also stressed the need for a global movement of moderates to marginalise extremists of all types.
"It is a call that I will continue to make, as moderates from all faiths have both the opportunity and responsibility, to rise and take our world back from the extremists," he said.
He said global security is central in achieving a nation's advancement and Malaysia can make a significant contribution by becoming a bridge between Islam and the West.
(FTA)negotiations between Malaysia and the European Union (EU) could further
strengthen the bilateral and trade relationship with Austria.
Prime Minister Najib Razak said the combination of economic reforms and
deepening engagement with the EU through the Malaysia-EU FTA, opens exciting
avenues for businesses.
"I hope we will both continue to push pro-businesses initiatives and
encourage our respective business communities to take advantage of the potential
for trade between our two nations," he said in his speech at the
Malaysia-Austria Economic Forum here today.
His speech was read by Deputy Prime Minister Muhyiddin Yassin.
The FTA talks was launched by Najib during talks with the EU in Brussels
last month.
In 2009, Malaysia's bilateral trade with Austria only amounted to Euro 298.8
million.
Austria was Malaysia's 11th largest trading partner within the EU. Among
Asean nations, Malaysia was Austria's third largest trading partner,
after Thailand and Singapore.
Najib said Austrian companies could explore investment opportunities under
the Economic Transformation Programme (ETP), which will see the implementation
of 131 entry point projects worth Euro 98.2 billion and 60 business
opportunities worth Euro 79.7 billion.
As of July this year, 11 Austrian manufacturing projects valued at Euro 42.5
million had been implemented. Ten additional manufacturing projects valued
at Euro 19.7 million have also been approved.
Najib said these projects mainly centred on textiles and textile products,
chemicals and chemicals products, electronics and electrical products, basic
metal products as well as machinery and equipment.
To date, 40 Austrian companies are currently operating in Malaysia.
On building a knowledge-based society, the prime minister said Malaysia
could learn and emulate many things from Austria.
"I am confident that Malaysia can provide reciprocal value to Austria. I invite you to be our partner in developing our human capital and look forward to building a long and mutually-beneficial relationship between our two countries," said Najib.
Najib also stressed the need for a global movement of moderates to marginalise extremists of all types.
"It is a call that I will continue to make, as moderates from all faiths have both the opportunity and responsibility, to rise and take our world back from the extremists," he said.
He said global security is central in achieving a nation's advancement and Malaysia can make a significant contribution by becoming a bridge between Islam and the West.
