KUALA LUMPUR: Three financial collaborations between Malaysia and China will considerably bolster supply chain resilience, fuel trade enlargement within the services sector and entice high-quality investments, mentioned Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
He mentioned the agreements would additionally mainstream digitalisation, sustainability, and innovation whereas deepening human capital improvement and people-to-people ties.
The collaborations are the Five-Year Programme for Economic and Trade Cooperation between Malaysia and China, together with two further memorandums of understanding on Strengthening Investment Cooperation in Digital Economy and Green Development.
“Malaysia is devoted to additional solidifying our present strong financial ties with China.
“These three agreements pave the way in which for a brand new chapter of financial collaboration, fostering much more shared prosperity for each nations,” the minister mentioned in his welcoming remarks on the China and Malaysia Business Community luncheon as we speak.
Tengku Zafrul additionally shared that Malaysia and China are deliberating an thrilling new cooperation underneath the “Two Countries Twin Parks” framework.
He mentioned each international locations are additionally constructing on profitable collaborations in superior manufacturing and electrical autos, which might unlock new alternatives in these key sectors.
“I sit up for collectively asserting the conclusion of discussions on these new cooperation preparations within the close to future,” he mentioned.
Tengku Zafrul famous that Malaysia and China’s bilateral relationship, with financial cooperation at its core for the previous half century, has left an indelible mark.
“We have cast linkages in quite a few areas, notably in railway infrastructure and know-how, the automotive sector, manufacturing, fintech and buying and selling, amongst others,” he added. – eNM
