Ong: Favourable fac­tors al­low us to work closely with China

The Star Malaysia - - Nation -

KUALA LUMPUR: Malaysia’s strate­gic lo­ca­tion and strong dig­i­tal ecosys­tem have en­abled it to work closely with China on the “Cy­ber Silk Road”, said Malaysia-China Busi­ness Coun­cil (MCBC) chair­man Tan Sri Ong Ka Ting.

He said Malaysia’s po­ten­tial as seen through the in­tro­duc­tion of a Dig­i­tal Free Trade Zone had lured key play­ers from China – Huawei, Alibaba and Ten­cent – to ex­pand their pres­ence here.

“The Gov­ern­ment has been fo­cus­ing on en­hanc­ing dig­i­tal econ­omy co­op­er­a­tion with China,” Ong said.

“It is well re­flected in the ap­point­ment of Alibaba Group’s Jack Ma as the ad­viser on dig­i­tal econ­omy dur­ing Datuk Seri Na­jib Tun Razak’s visit to China last year.”

Ong, who is also the Prime Min­is­ter’s spe­cial en­voy to China, was speak­ing at the 14th an­nual joint busi­ness coun­cil meet­ing here be­tween MCBC and China Coun­cil for the Pro­mo­tion of In­ter­na­tional Trade (CCPIT), a na­tional for­eign trade and in­vest­ment pro­mo­tion agency un­der China’s State Coun­cil.

Malaysia is rep­re­sented in the meet­ing by Malaysia Ex­ter­nal Trade Devel­op­ment Cor­po­ra­tion, Malaysian In­vest­ment Devel­op­ment Author­ity, Malacca’s State Eco­nomic Plan­ning Unit, East Coast Eco­nomic Re­gion Devel­op­ment Coun­cil, In­vest KL and As­so­ci­ated Chi­nese Cham­bers of Com­merce and In­dus­try of

The Gov­ern­ment has been fo­cus­ing on en­hanc­ing dig­i­tal econ­omy co­op­er­a­tion with China. Tan Sri Ong Ka Ting

Malaysia, while the 100-strong del­e­ga­tion from China is led by CCPIT chair­man Jiang Zeng­wei.

At the meet­ing, MCBC and CCPIT ex­changed an agree­ment on co­op­er­a­tion to ex­pand their ar­eas of col­lab­o­ra­tion.

It was an up­graded ver­sion of the first agree­ment signed in 2002 to re­flect de­vel­op­ments in the bi­lat­eral re­la­tion­ship, in­clud­ing the Belt and Road ini­tia­tive.

The le­gal sys­tem was also em­pha­sised in the agree­ment, paving the way for a me­moran­dum of co­op­er­a­tion on Malaysia-China Com­mer­cial Laws to strengthen un­der­stand­ing of the com­mer­cial law sys­tems of both coun­tries.

MCBC le­gal and tax re­source cen­tre head Datuk Quek Ngee Meng said the col­lab­o­ra­tion aimed at tack­ling the le­gal prob­lems faced by busi­ness­men from both coun­tries that have long been a headache, in­clud­ing mat­ters on tax and im­port du­ties.

First-hand look: Liow and Hisham­mud­din tour­ing the mar­itime ex­hi­bi­tion at Re­sorts World Langkawi. They are ac­com­pa­nied by Royal Malaysian Navy chief Ad­mi­ral Tan Sri Ah­mad Ka­marulza­man Ah­mad Badarud­din.

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