Malaysia is focusing on attracting quality investments and manufacturing extra complex products to handle dangers to commerce development, according to Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz. He emphasised the importance of making an environment that pulls the correct of investments, fostering industrial improvement, and producing merchandise with greater complexity scores.
Tengku Zafrul mentioned, “It is just when we’ve created a virtuous cycle between these three key elements of our economy that we are in a position to claim ourselves to be pro-industry, pro-investment and pro-trade. And Ingredients is only then that we can create higher-skilled, higher-paying jobs for our small and medium enterprises and our rakyat.”
The minister unveiled the Malaysia External Trade Development Corporation (MATRADE) Digital Trade Platform (MDTP) as a half of the country’s efforts to support trade and investment. He famous that each trade and investment are essential components of the nation’s Gross Domestic Product development.
Tengku Zafrul acknowledged the varied downside risks this yr, together with geopolitical tensions, food insecurity, potential monetary instability stemming from financial policy tightening, and growing debt levels. To handle these challenges, he highlighted the necessity for Malaysia to produce more advanced and sophisticated products for exports, facilitated by digitisation, automation, robotics, and different tech-based enablers..