The recently concluded Trade and Investment Mission (TIM) to Japan has garnered investments worth RM9.30 billion in strategic and high potential sectors namely E&E, R&D, biomass, information technology and communication, chemical industry and food.
Head of the mission, Senior Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali said in a statement posted on his Facebook today through the Ministry of International Trade and Industry (MITI), the investments involve the strategic and high potential sectors such as electrical and electronics (E&E), research and development (R&D), biomass, information technology and communication, chemical industry and food.
“These investments are targeted to offer employment opportunities, capacity building for local workers and contribute to the development of domestic companies.
“Additionally, RM300 million worth of potential trade specifically for palm oil and palm oil-related products, halal food and beverages products as well as green products and digital and IT services from Sumitomo Corporation and #ADEKACorporation were garnered,” the statement added.
Azmin said, he also had an engaging bilateral meeting with his counterpart, the newly appointed Minister of Economy, Trade and Industry, His Excellency Nishimura Yasutoshi.
“Our discussion touched on a wide spectrum of areas including how best to elevate the Malaysia-Japan bilateral trade and investment relations to the next level, taking into account both countries’ participation in the various regional trade agreements and international economic cooperation,” he said.
“Regarding the memorandum of understanding (MoU) on Aircraft Industry Cooperation inked between Malaysia and Japan, both sides have outlined cooperation for information exchange for the aerospace supply chain, business networking as well as forming a dedicated Technical Working Group,” the statement added.