KUALA LUMPUR: The Prime Minister, Datuk Seri Anwar Ibrahim and the Prime Minister of Japan, Fumio Kishida in a meeting at the sidelines of the ASEAN-Japan Commemorative Summit in Tokyo, Japan on Saturday had announced the elevation of Malaysia-Japan bilateral relations to Comprehensive Strategic Partnership through the issuance of a Joint Statement.
The Ministry of Foreign Affairs said, this meeting was to bolster further bilateral cooperation following their meeting on 5th November 2023 in Putrajaya.
According to the Ministry’s statement, as comprehensive strategic partners, both countries agreed to further enhance cooperation in five key areas, namely Peace and Security Cooperation; Continued Engagement at All Levels for Economic Prosperity; Science, Technology, Innovation and Environment; Society, Cultural and People-to-People Exchange; and Regional and Global Cooperation.
“Both Prime Ministers also discussed ways to further expand cooperation in various areas including trade and investment, defence, education, energy transition and capacity building between Japan International Cooperation Agency (JICA) and Malaysian Technical Cooperation Programme (MTCP) of Wisma Putra.
“They also touched on the establishment of University Tsukuba branch campus in Malaysia which is expected to receive the first enrolment of students in September 2024,” the statement said.
The statement highlighted that the two leaders also witnessed the signing and exchange of the Exchange of Notes on the Implementation of Security Capacities Enhancement Programme under the Official Security Assistance, as well as the Memorandum of Cooperation on Space Development and Application.
Meanwhile, in 2022, Malaysia’s trade with Japan was valued at RM181.51 billion (USD41.21 billion), contributing 6.4 per cent of Malaysia’s total trade and making it Malaysia’s fourth-largest trading partner for eight successive years since 2015. Japan is one of the top sources of FDI for Malaysia in terms of implemented manufacturing projects since 1980s.
As of June 2023, a total of 2,778 manufacturing projects have been implemented with total investment worth RM91.89 billion (USD27.43 billion). The elevation of bilateral relations marks a new chapter in Malaysia-Japan bilateral ties.
Malaysia is confident that this renewed commitment will lead to even closer cooperation and greater benefits for both countries. –Malaysia World News