Malaysia and Ja­pan to re­vive Look East pol­icy

The Myanmar Times - - International / Business -

MALAYSIA and Ja­pan will re­ju­ve­nate and up­grade the Look East Pol­icy to deepen col­lab­o­ra­tion and strengthen busi­ness com­pet­i­tive­ness for both coun­tries.

Prime Min­is­ter Tun Dr Ma­hathir Mo­hamad pointed to ed­u­ca­tion, train­ing and in­vest­ment as among the ar­eas that Malaysia and Ja­pan could ben­e­fit from work­ing closely with each other.

“We are very happy that Ja­pan wel­comes Malaysia’s Look East Pol­icy once again and we hope to ben­e­fit from greater co­op­er­a­tion be­tween Ja­pan and Malaysia as a part of the pol­icy,” he said in a joint press con­fer­ence with Ja­panese Prime Min­is­ter Shinzo Abe in Tokyo to­day.

Dr Ma­hathir also hoped that Ja­panese uni­ver­si­ties would set up their branches in Malaysia.

Abe said that Ja­pan would con­tinue to sup­port Malaysia’s growth go­ing for­ward, par­tic­u­larly in en­hanc­ing the bi­lat­eral re­la­tion­ship to a new level.

“Through the Look East Pol­icy in the new era, we will build the re­la­tion­ship whereby both our na­tions will ben­e­fit for Malaysia to fur­ther pros­per as well as to strengthen the com­pet­i­tive­ness of many Ja­panese busi­ness that are ac­tive in Malaysia,” he said.

He said the new pol­icy would also pro­mote in­vest­ment and ex­pand op­por­tu­ni­ties and space to many able Malaysian peo­ple to be ac­tive in both Malaysia and Ja­pan.

He added that the up­grade in the pol­icy would in­clude deep­en­ing ex­change in ed­u­ca­tion, ex­pand­ing hu­man re­source de­vel­op­ment and pro­mot­ing sci­ence and tech­nol­ogy trans­fer.

Mean­while, Dr Ma­hathir said Abe had agreed to study Malaysia’s re­quest for yen credit from Ja­pan to help solve the fi­nan­cial prob­lems faced by the coun­try.

“The res­o­lu­tion of all the debt prob­lems would en­able Malaysia to once again be a good mar­ket for Ja­pan and Ja­panese in­vest­ments in Malaysia,” he said.

In­tro­duced in 1982 by Dr Ma­hathir, the Look East Pol­icy’s prin­ci­pal goal was to shift the fo­cus of re­la­tion from the West to­wards the new rising Asia, specif­i­cally Ja­pan, and help drive in­dus­tri­al­i­sa­tion in Malaysia.

Dr Ma­hathir is on a three-day work­ing visit to Ja­pan and will leave for home in the af­ter­noon to­day.

– Ber­nama

Photo: The Star

PM Dr Ma­hathir Mo­hamad pointed to ed­u­ca­tion, train­ing and in­vest­ment as among the ar­eas that Malaysia and Ja­pan could ben­e­fit from work­ing closely with each other.

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