Malaysia Can Be­come a Hub for ASEAN Mar­ket

Iran News - - INTERNATIONAL -

HONG KONG (Dis­patches) - Malaysia can be­come a hub for dis­tribut­ing prod­ucts from over­seas to the ASEAN mar­ket for which Hong Kong has grown it­self into for decades.

Hence, Deputy Prime Min­is­ter Datuk Seri Dr Ah­mad Zahid Hamidi urged Malaysian in­vestors to take ad­van­tage of the vast op­por­tu­ni­ties be­fore them with the sign­ing of the Free-Trade Agree­ment (FTA) be­tween ASEAN and Hong Kong.

He said Malaysian en­trepreneurs and busi­ness sec­tors should trans­late the FTA to cre­ate in­vest­ment op­por­tu­ni­ties be­tween the two coun­tries.

“We can see that this op­por­tu­nity is wide open as all this while they (in­vestors) have in­vested in some coun­tries out­side of Hong Kong, es­pe­cially China.

“And this is the best op­por­tu­nity not just in terms of in­vest­ment but also as a two-way trade be­tween our coun­try and Hong Kong,” he said.

Ah­mad Zahid said Hong Kong had be­come the gate­way for goods from Malaysia to sev­eral coun­tries, par­tic­u­larly its neigh­bour­ing coun­tries.

“I think this role of trans­ship­ment coun­try can be ex­panded, not just be­ing a chan­nel and dis­tri­bu­tion cen­tre for goods from our coun­try.

“But at the same time, Malaysia should be a trans­ship­ment coun­try to chan­nel prod­ucts just like the role Hong Kong has played,” he told Malaysian me­dia here today.

Ah­mad Zahid is here to de­liver his key­note ad­dress at the 9th World Chi­nese Eco­nomic Sum­mit (WCES), a ma­jor in­ter­na­tional event aimed at en­hanc­ing busi­ness re­la­tion­ships and net­works be­tween China and ASEAN.

Themed “Man­ag­ing Global Un­cer­tainty: Ex­plor­ing New Op­por­tu­ni­ties”, the two-day sum­mit gath­ers gov­ern­ment, busi­ness and aca­demic and thought lead­ers to com­mem­o­rate and cel­e­brate the 20th an­niver­sary of the es­tab­lish­ment of the Hong Kong Special Ad­min­is­tra­tive Re­gion and the sign­ing of the ASEAN-Hong Kong Free-Trade Agree­ment (FTA) which com­ple­ments the China-ASEAN FTA.

The event is or­ga­nized by the Asian Strat­egy and Lead­er­ship In­sti­tute (ASLI).

Ah­mad Zahid said the role of trans­ship­ment coun­try could be played by Malaysia for all ASEAN coun­tries as it has good ports and in­fra­struc­tures, as well as broader com­mu­ni­ca­tion chan­nels.

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