Malaysia seeks more cooperation on BRI

Added On August 10, 2019

Officials from Malaysia said the country has benefited from the China-proposed Belt and Road Initiative and is looking forward to more cooperation in trade and investment.
Addressing the Malaysia-China Belt and Road Economic Cooperation Forum on Thursday, Malaysian Finance Minister Lim Guan Eng said "Malaysia supports the BRI to encourage sustainable development throughout Asia and bring the region closer together through a transparent and fair mechanism."
He said Malaysia, as an ideal gateway to the ASEAN, remains a reliable trade partner of China.
China is Malaysia's biggest trade partner. Meanwhile Malaysia is receiving an increasing number of Chinese tourists which recorded a 7.6 percent increase in the first 5 months of this year.
Lim also reaffirmed Malaysia's commitment to attracting more Chinese investment, especially the high-tech sector.
Noting that Huawei has set up a regional hub in Kuala Lumpur, Lim said he hopes the tech giant could help Malaysia to develop its own 5G industry.
Tan Kok Wai, Malaysia's special envoy to China and chairman of the Malaysia-China Business Council, said Malaysia has fully embraced the BRI, which would boost connectivity in the ASEAN region as a whole.