Malaysia-China partnership to bolster supply chains, services trade — Tengku Zafrul
20 Jun 2024
Three Malaysia-China economic collaborations will bolster supply chain resilience, boost trade expansion in the services sector, and attract high-quality investments, said Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz.
He said the agreements will also mainstream digitalisation, sustainability, and innovation while deepening human capital development and interpersonal ties.
The collaborations are the Five-Year Programme for Economic and Trade Cooperation, and two memoranda of understanding — Strengthening Investment Cooperation in Digital Economy, and Green Development.
“Malaysia is dedicated to solidifying our robust economic ties with China.
“These agreements pave the way for a new chapter of economic collaboration, fostering more shared prosperity for both nations,” the minister said in his welcome remark at a luncheon with the Chinese and Malaysian business community today.
Tengku Zafrul shared that Malaysia and China are deliberating an exciting new cooperation under the “Two Countries, Twin Parks” framework.
He said both countries are building on successful collaborations in advanced manufacturing and electric vehicles, which will unlock new opportunities.
“I look forward to jointly announcing the conclusion of discussions on these new cooperation arrangements in the near future,” he said.
Tengku Zafrul noted that the Malaysia-China relationship, with economic cooperation at its core, has left an indelible mark over the past half-century.
“We have forged links in numerous areas, notably, in railway infrastructure and technology, automotive sector, manufacturing, fintech and trading, among others,” he said.
Source: Bernama
