KUALA LUMPUR – Malaysia cannot afford to be isolated from the outside world and shunned from cooperating with other countries, said the Prime Minister Datuk Seri Najib Tun Razak.
“The people should not think that foreign investments are like “selling out” the sovereignty of the country. And as such do not be easily swayed and influenced by allegations made by the opposition leaders,” Najib said in his blog NAJIBRAZAK.COM recently.
Najib added, the people have received a lot of benefits following the government’s good relationship with foreign countries.
The opposition leaders he said are aware of the importance of foreign investments in order to have a harmonious economy and that is why they are actively going abroad.
The Prime Minister also mentioned that there is a former leader who uses the rhetoric “selling out the country” but in reality a lot of foreign loans have been made during his leadership.
“Does this mean that we have sold the sovereignty of the country when we received a loan of 61.5 billion Yen from Japan to build the Kuala Lumpur International Airport (KLIA) in 1994? Of course it was not,” he said.
Najib also advised the people not to be taken in by dirty politics without objective but with the intention only to stir fear amongst the people.
Following the Prime Minister’s visit to China in 2016, Malaysia is now allowed to export raw birds’ nests; hence about 10,000 farmers have increased their income.
China has also increased its palm oil imports from Malaysia to 53.6 percent in the second half of 2016.
“The government has also opened its doors to local companies to cooperate with the companies in China via Memorandum of Understanding (MoU) worth RM175 billion from my visits in 2016 and 2017,” said Najib.
About six Memorandum of Understanding were signed between the Malaysian Construction Industry Development Board with industrial players in India. Following that, MoU worth RM158 billion were signed during the Prime Minister’s visit to India in April.
“Our moderation approach has also made Malaysia well received by Japan, Indonesia, Saudi Arabia and German,” Najib reiterated.
The RM31 billion investment agreements with Aramco and the Malaysian Japan Economic Partnership Agreement (MJEPA) have strengthened the trade and investment relationships between the two countries. Malaysia becomes the fourth trading partner of Japan via bilateral trade worth RM120 billion in 2016.
“I pray and hope my visit to the United States of America (USA) will bring more opportunities for cooperation between the two countries,” Najib said.
He also said that Malaysia’s position in ASEAN has benefitted the people. Through the ASEAN Economic Community, the Malaysians are now accessible to the regional economy of US$2.55 trillion with the population of more than 622 million.-Malaysia World News