KUALA LUMPUR, Dec 5 (NNN-BERNAMA) – Malaysia will work towards ensuring that trade remains a key growth driver, as the country seeks to boost its economic performance, a Malaysian official said here, yesterday.
Besides a focus on trade, moves will be made, to increase investor confidence and ensure the implementation of international trade agreements to be of real value and advantage, to participants in the Malaysian supply chain, particularly the micro, small and medium enterprises, International Trade and Industry Minister, Tengku Zafrul Tengku Abdul Aziz said.
He also proposed the creation of a special investment fund, to attract more high-value-added investments that will generate higher-paid professional employment opportunities.
“The target industries include the E&E (electrical and electronic products) industry, which includes the development of applications, based on radio frequency and bluetooth technology for the automotive industry, attracting investors to Malaysia’s E&E sector, and the systematic development of the medical devices industry,” he said.
Other technology-based industries that will be focused on include, the aerospace industry, the chemical and petrochemical industry, nanotechnology, health technology, and smart manufacturing.
“These efforts will be matched with human capital development measures, that will contribute to the restructuring of Malaysia’s trade ecosystem in the medium and long term,” he added.– NNN-BERNAMA
