Malaysia-Japan two-way trade will continue to prosper: Zahid

11-Nov-2017 Intellasia | New Straits Times | 6:00 AM Print This Post

The total trade between Malaysia and Japan has increased 17.9 per cent from January until July this year compared to the same period last year, deputy prime minister Datuk Seri Dr Ahmad Zahid Hamidi said today.

He said the total trade recorded so far was RM80.28 billion, while the total trade for the whole of 2016 was RM120.26 billion.

Zahid said this after receiving a courtesy visit from Japan’s Liberal Democratic Party vice president Masahiko Kumura at Dewan Rakyat. Masahiko is on a six-day visit to Malaysia.

“In 2016, Japan was our fourth biggest trade partner while we were Japan’s tenth biggest trade partner.

“Malaysia believes that the two-way trade between the two countries will continue to prosper in the future, with numerous opportunities created, especially in the expansion of the Look East policy,” he said.

Wave 2 of the Look East Policy will include continuance of improved cooperation between Malaysia and Japan with economy as the main focus.

This, he said, would aim to increase trade and investment opportunities in sectors important to both countries.

Malaysia also appreciated the continuous involvement of Japanese investors here, who are among its main sources of direct foreign investments in manufacturing.

This year marks the 60th year of Malaysia-Japan diplomacy, with both countries pledging to further improve existing ties of the Strategic Partnership.

Masahiko is in Malaysia leading a delegation of 75 people from Nippon Budokan, a Japanese martial arts organisation whom he is also president of.

The delegation is scheduled to perform martial arts demonstrations in the city, including one at the National Sports Complex on November 12, in conjunction with the celebration of 60 years of Malaysia-Japan diplomacy.


Category: Malaysia

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