KUALA LUMPUR: Malaysia urges the cooperation in new initiatives with Japan should relate to the environment, social and governance (ESG) via projects and programmes under the Look East Policy (LEP).
Prime Minister said this initiative includes cooperation in disaster crisis, ageing society, digital economy, science, technology, innovation and green growth.
Ismail said, the implementation of LEP should focus on the spill over of balanced benefits for both countries including Malaysia’s ability to elevate cooperation in Halal industry with Japan.
“Malaysia as the pioneer in the Global Halal Industry could help Japan to have high interest to develop its Halal industry,” Ismail said in his speech read by Senior Minister of International Trade and Industry, Datuk Seri Mohamed Azmin Ali at the 40th anniversary of LEP Trade Seminar held here Thursday.
Based on the strong trade networks between Malaysia and Japan, the Prime Minister would propose that both countries explore cooperation in addressing issues related to supply networks via the LEP platform.
“The cooperation built over four decades between the two countries had focused very much on new fields in line with the technology revolution that had changed the industrial landscape and global economy.
“The cooperation in artificial intelligence (AI) robotics, autonomous system and Internet of Things –IoT) which Japan had high expertise should be elevated. These would guarantee the sustainability of LEP in many years to come.
“As such I hope the government of Japan will give a continuous solid support to encourage more co-operations in those fields via the implementation of joint projects under LEP,” Ismail said.
Meanwhile, Ismail emphasized that Global Risk World Economy Forum 2022 Report had stated that issues such as climate change, effects on social in a population that is ageing and social polarisation after the COVID-19 pandemic are expected to give a serious impact on the economy and source of income to most of the countries in the world for the next 10 years.
The Prime Minister said the organisation of the seminar had recognized the achievement of LEP that was introduced more than 40years ago. It is timely that most of the countries in the world are working hard to recover their economy due to the COVID-19 pandemic.
“I thanked and appreciate the business community of Malaysia-Japan for their contribution in the economic recovery especially in the first quarter of 2022.
“This is also the 65th anniversary of Malaysia-Japan diplomatic relation and the 40th Anniversary of LEP.
“LEP was introduced by the government in 1982 as a shift from western modernisation to embracing the values of the East especially Japan,” Ismail said. –Malaysia World News