Malaysia to strengthen bilateral relationship with Hong Kong

Malaysia to strengthen bilateral relationship with Hong Kong

28 Mar 2023

Malaysia has expressed its intentions to strengthen bilateral relations with Hong Kong in line with the Malaysian government’s commitment to restore the country’s economy post-Covid-19.

Deputy Prime Minister and Plantation and Commodities Minister Datuk Seri Fadillah Yusof (pix) has received a courtesy call from Hong Kong Financial Secretary Paul Chan Mo-Po in Parliament building.

This meeting was the first high-level meeting between Malaysia and Hong Kong for a period of three years.

“In the meeting, I touched on the importance of strengthening bilateral relations and opening new opportunities to other high-potential sectors such as services, agricommodity, tourism and culture, education and digital economy,” he said in a statement today.

Hong Kong is one of Malaysia’s most important trading partners and is Malaysia’s fifth-largest export destination.

Trade value between Malaysia and Hong Kong registered an increase of 20 per cent to US$25.69 billion (US$1=RM4.40) in 2022 compared to US$21.68 billion in 2021.

“Paul Chan also invited me for an official visit to Hong Kong and visit the Greater Bay Area (GBA), a new economic hub linking the Guangzhou-Hong Kong-Macao region,” he said.

GBA is an area with huge potential, especially for investment in high technology.

Source: Bernama