Malaysia to enhance trade ties with Australia

Screen shot 2014-02-18 at 10.26.27 AM

Malaysia will enhance various opportunities in business and investment with Australia after the enforcement of the Malaysia-Australia Free Trade Agreement on January 1 last year.

Malaysian Foreign Minister Anifah Aman said he welcomed more Australian trade missions to explore and seek the wealth of investment opportunities in Malaysia.

“Among the potential areas are financial, insurance, telecommunication and the manufacturing industries,” he told reporters at a joint press conference with his Australian counterpart Julie Bishop at Wisma Putra on Monday.

Bishop, who is on her first official visit to Malaysia, also welcomed more Malaysian investment to Australian.

Earlier, Bishop made a courtesy call and held a bilateral meeting with Anifah where they both discussed the progress of the ongoing bilateral cooperation between Malaysia and Australia.

On education, Anifah said it will continue to be an integral part of Malaysia-Australia bilateral relations. There are currently more than 13,000 Malaysian students pursuing higher education in Australia.

“Malaysia looks forward to encouraging more Australian students and researchers to study and to do their research in Malaysia,” he said.

Anifah said other topics discussed at the meeting included Australia’s new government foreign policy which would focus on economic diplomacy and public diplomacy via its flagship initiative, the new Colombo Plan.

“In this respect, Malaysia welcomes Australia’s interest to invite Malaysia to take part in the New Colombo Plan next year,” he said.

Meanwhile, Bishop said Australia would continue to cooperate with Malaysia in tackling the issue of human trafficking and finding ways to stop the illegal activity.

She congratulated Malaysia as the country would chair the ASEAN Summit in 2015, and said that ASEAN had played an important role in the region to overcome various issues such as the sovereignty disputes in the South China Sea and other regional and international issues.

Allegations of Australia spying on Indonesia were also touched on during Bishop’s visit.

She has vowed to revive relations with Indonesia which were hit by the scandal.

Jakarta has said ties will be frozen until a code of conduct to govern intelligence gathering is put in place.

Bishop said she has been constantly communicating with Indonesian Foreign Minister Marty Natalegawa to resolve the issues.

Australia’s ties with Malaysia were also affected by the spying allegations, but Anifah appeared ready to move on.

He called Australia — Malaysia’s close friend and an important regional neighbour.

 

 

 

Source : Channel News Asia | February 20, 2014

Advertisements

About thomasdinnocenzi

Thomas D’Innocenzi is a highly accomplished, results-focused international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
This entry was posted in Business, Economy, Global Sourcing and tagged , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s