Malaysia, China economic collaboration to bolster supply chains, trade in services sector, says Tengku Zafrul

The Star

Three economic collaborations between Malaysia and China will significantly bolster supply chain resilience, fuel trade expansion in the services sector and attract high-quality investments, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.  Read more at https://shorturl.at/GkGMQ  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

Transcript

00:00Malaysia-China bilateral relationship with economic cooperation at its core for the past half-century

00:07has indeed left an indelible mark.

00:10We have forged linkages in numerous areas, notably in railway infrastructure and technology,

00:18the automotive sector, manufacturing, fintech and trading, among others.

00:24Businesses between both our countries have achieved numerous milestones together,

00:30milestones that bring tangible benefits to both our nations.

00:35In embracing the future, Malaysia is dedicated to further solidifying

00:40our existing robust economic ties with China,

00:43and we have taken concrete steps to achieve this,

00:46as evidenced by the three landmark documents agreed upon yesterday.

00:51So Minister Wang Wentao and I had the honour of signing the five-year programmes

00:57for economic and trade cooperation between Malaysia and China,

01:00along with two additional MOUs on strengthening investment cooperation

01:05in digital economy and green development.

01:08These three agreements pave the way for a new chapter of economic collaboration,

01:13fostering even more shared prosperity for both nations.

01:18So I am confident that these new initiatives will significantly contribute

01:23to bolstering supply chain resilience, fueling the expansion of trade in services sector,

01:30attracting high-quality investments, as well as mainstreaming digitalisation,

01:35sustainability and innovation, while also deepening human capital development

01:41and people-to-people ties.

01:43I am thrilled to share that Malaysia and China are deliberating an exciting new cooperation

01:49under the Two Countries Twin Parks Framework.

01:52In fact, the Prime Minister mentioned about two countries but multiple parks framework.

01:59We are also building on our successful collaborations in advanced manufacturing

02:04and electric vehicles, which will unlock new opportunities in these key sectors.

02:10So I look forward to jointly announce the conclusion of discussions

02:14on these new cooperation arrangements in the near future.

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