ID :
193913
Sat, 07/09/2011 - 16:10
Auther :
Shortlink :
https://oananews.org//node/193913
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TRANSFORMING MALAYSIA'S TRADE KEY ISSUE AT BILATERAL MEETING WITH JAPAN
By Prem Kumar Panjamorthy
KUALA LUMPUR, July 9 (Bernama) -- Transforming Malaysia's trade into an
attractive proposition was the main highlight in the bilateral meeting between
International Trade and Industry Minister,Mustapa Mohamed and
Japan's Minister of Economy, Trade and Industry, Banri Kaieda, here Saturday.
Mustapa said Malaysia would give priority to addressing various
implementation issues on trade facilitation, with a view to attracting Japanese
investments.
The meeting was held on the sidelines of the business dialogue between ASEAN
Economic Ministers, Japan's Ministry of Economy, Trade and Industry (METI) and
the Federation of Japanese Chambers of Commerce and Industry in Asean (FJCCIA),
here Saturday.
"Japan is now Malaysia's third largest trading partner, after China and
Singapore.
"Trading volume totaled US$41 billion last year, a 34 per cent increase over
2009. Last year, it was also, the second largest source of foreign direct
investments in Malaysia with approved investments totalling US$1.3 billion," he
told BERNAMA.
In a related development, Mustapa also had bilateral talks with Second
Minister of Foreign Affairs and Trade of Brunei Darussalam, Lim Jock Seng and
Vice Minister of Industry and Trade of Vietnam, Nguyen Cam Tu.
In the discussion with Lim, both ministers agreed to enhance bilateral
trade and investment as well as address cross-border trade related issues.
"We are positive on Brunei's view in expanding investments in Sabah and
Sarawak with both nations jointly agreeing on the possibility of both nations
collaborating to attract funds from the Middle East and third countries for
investments in the region," he said.
Meanwhile, the bilateral meeting with the Vietnamese, saw an exchange of
views on the participation of both countries in the Trans-Pacific Partnership
Agreement.
"We also agreed to have the second Joint Trade and Investment Committee
Meeting some time later this year, as we foresee an increase in cross-border
investments between both countries," Mustapa said.
-- BERNAMA
KUALA LUMPUR, July 9 (Bernama) -- Transforming Malaysia's trade into an
attractive proposition was the main highlight in the bilateral meeting between
International Trade and Industry Minister,Mustapa Mohamed and
Japan's Minister of Economy, Trade and Industry, Banri Kaieda, here Saturday.
Mustapa said Malaysia would give priority to addressing various
implementation issues on trade facilitation, with a view to attracting Japanese
investments.
The meeting was held on the sidelines of the business dialogue between ASEAN
Economic Ministers, Japan's Ministry of Economy, Trade and Industry (METI) and
the Federation of Japanese Chambers of Commerce and Industry in Asean (FJCCIA),
here Saturday.
"Japan is now Malaysia's third largest trading partner, after China and
Singapore.
"Trading volume totaled US$41 billion last year, a 34 per cent increase over
2009. Last year, it was also, the second largest source of foreign direct
investments in Malaysia with approved investments totalling US$1.3 billion," he
told BERNAMA.
In a related development, Mustapa also had bilateral talks with Second
Minister of Foreign Affairs and Trade of Brunei Darussalam, Lim Jock Seng and
Vice Minister of Industry and Trade of Vietnam, Nguyen Cam Tu.
In the discussion with Lim, both ministers agreed to enhance bilateral
trade and investment as well as address cross-border trade related issues.
"We are positive on Brunei's view in expanding investments in Sabah and
Sarawak with both nations jointly agreeing on the possibility of both nations
collaborating to attract funds from the Middle East and third countries for
investments in the region," he said.
Meanwhile, the bilateral meeting with the Vietnamese, saw an exchange of
views on the participation of both countries in the Trans-Pacific Partnership
Agreement.
"We also agreed to have the second Joint Trade and Investment Committee
Meeting some time later this year, as we foresee an increase in cross-border
investments between both countries," Mustapa said.
-- BERNAMA
