Investments worth over RM2bil secured from Japan, S. Korea

MALAYSIA secured a total of RM2.13bil worth of potential investments from Japan and RM711.4mil from South Korea from its trade missions in the two countries, said International Trade and Industry Minister Datuk Darell Leiking.

Leiking told the Dewan Rakyat that Malaysia deployed the “3S” approach – to search, seek and secure – during the trade missions from Oct 14 to Oct 21.

“The trade mission has successfully attracted potential investments worth RM2.13bil from Japan. Especially in the petrochemical, logistics, medical equipment, electrical and electronic, household items and furniture sectors.

“Potential imports were also signed with companies from Osaka worth RM33mil,” he told Chan Foong Hin (PH-Kota Kinabalu) during Question Time.

Meanwhile, Leiking said the trade mission to South Korea attracted a potential investment worth RM711.4mil, focusing on the chemical, electrical and electronic, and household items sectors.

“Potential sales estimates worth RM1bil were also made due to a one-to-one business meeting,” he said.

He said the trade missions involved a total of 91 representatives from the ministry, companies throughout the country, board members of Malaysia External Trade Development Corporation ( Matrade) and Malaysian Investment Development Authority (Maida), as well as exco members from Johor, Terengganu, Melaka and Penang.

He also noted that future trade and investment missions next year will focus on the country’s main strategic partners.

“They include partners from Asean, USA, the European Union, India, South Africa, Saudi Arabia and the United Arab Emirates.”