NANNING, Sept 17 — Asean and China’s collective efforts must focus on regional peace, stability, prosperity and fostering bilateral and multilateral trade relations, said Prime Minister Datuk Seri Anwar Ibrahim.
This is in the face of the post-pandemic challenges, geopolitical tensions and a host of other destabilising factors.
He said Asean will remain one of the fastest-growing regions in 2023, and it is vital for Asean and China to diversify their trade and investment strategies as the world progresses.
“Despite global economic challenges, Asean remains an attractive destination for international investment, charting an economic growth of 5.5 per cent in 2022, with 4.6 per cent (of growth) projected for 2023.
“This trajectory places Asean well above the global average, which the International Monetary Fund (IMF) has forecast at 3.5 per cent for 2022 and three per cent for (both) 2023 and 2024,” Anwar said in his opening remarks at the 20th China-Asean Expo (Caexpo) and the China-Asean Business and Investment Summit (Cabis) earlier today.
He also greeted the distinguished guests in Mandarin, saying ge wei lai bin da jia hao (hello, dear guests) before delivering his speech.
Meanwhile, Anwar also urged Asean and China to intensify their cooperation in the digital economy to empower the micro, small and medium enterprises (MSMEs) to thrive in this digital age.
He said the MSMEs contribute 85 per cent to employment, 44.8 per cent to the gross domestic product (GDP) and 18 per cent to national exports in Asean.
“Hence, their role in contributing to value-added activities, innovation and inclusive growth cannot be overstated,” Anwar said.
On the Asean Economic Recovery Framework, it outlines the importance of uninterrupted supply chain connectivity and the facilitation of essential goods and services by eliminating trade barriers.
Touching on the Caexpo, he said over the past 19 Caexpo editions, Malaysian companies have achieved commendable outcomes in China and Asean markets.
Anwar is optimistic that Caexpo will continue to catalyse Malaysian businesses, fostering trade collaboration and stimulating economic recovery, as this platform not only acts as a means for business networking but also as a hub for innovative cooperation and entrepreneurial ventures.
“As we look to the future, Malaysia is confident that our trade and economic relations with China will grow stronger through various strategic initiatives.
“As we embark on this journey of enhanced cooperation, let us seize the vast business opportunities of Caexpo 2023 to explore and foster new relationships and accelerate progress across the board,” he said.
Also present were Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Tengku Abdul Aziz, Minister of Local Government Development Nga Kor Ming, Deputy Minister of Foreign Affairs Datuk Mohamad Alamin, and Deputy Minister of Agriculture and Food Security Chan Foong Hin.
— Bernama
