Japan expects business opportunities in Malaysia and the regional markets to increase across all sectors under the Trans-Pacific Partnership (TPP), including agriculture, forestry and fishery products.
Prime Minister Shinzo Abe said Japan was currently moving ahead to liberalise more sectors, while continuing to make that for agriculture, more proactive.
"The TPP is not just about reduction and elimination of tariffs, but also promoting liberalisation of services and investments in a broad range of areas," he told reporters on the final day of the 27th ASEAN Summit and Related Summits here on Sunday.
He said Japan was close to signing the TPP trade-pact and expressed hope that the other 11 participating countries would push forward to seal the deal.
On the ASEAN-Japan relationship, Abe said the economic interdependence between both parties was steadily deepening, and Japan was stepping up efforts to open up its market.
At the ASEAN-Japan Summit held earlier, he shared Japan's new measures to expand the "Partnership for Quality Infrastructure" by accelerating its Official Development Assistance (ODA) loan scheme.
Abe's spokesperson said Japan would reduce the processing period for loans for government-related projects to one and a half-years at most for important projects from the current three.
It will also introduce loan schemes with a currency conversion option for countries whose gross national income (GNI) per capital is equal to or higher than upper-middle-income countries, headed.
He said the Japanese government would also establish a dollar-denominated loan scheme for loans provided through the Japan International Cooperation Agency (JICA).
The spokesperson said a trust fund under the JICA would be set up by end-March 2016, to be invested in and finance private quality infrastructure projects.
In partnership with the Asian Development Bank (ADB), the JICA Trust Fund will invest and finance up to US$1.5 billion (US$1.00 = RM4.28) in the next five years.
Both parties also aim to co-finance US$10 billion in the next five years for sovereign projects.
Japan will collaborate among others with the ADB, the World Bank, the Inter-American Development Bank and the African Development Bank in providing infrastructure investments.
The spokesperson said a microfinance fund for women called the Japan-ASEAN Women Empowerment Fund was established to drive women's social advancement, poverty reduction, fostering growth, job creation and entrepreneurship.
The fund through microfinance institutes will provide business finance for sole proprietorship, business group and small and medium enterprises (SMEs) through investments or loans.
Bernama
Sun Nov 22 2015
ABE: The TPP is not just about reduction and elimination of tariffs, but also promoting liberalisation of services and investments in a broad range of areas. - BERNAMA pic
COP29 climate summit draft proposes rich countries pay $250 billion per year
The draft finance deal criticised by both developed and developing nations.
Bomb squad sent to London's Gatwick Airport after terminal evacuation
This was following the discovery of a suspected prohibited item in luggage.
Kelantan urges caution amidst northeast monsoon rains
Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.
Former New Zealand PM Jacinda Ardern receives UN leadership award
Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.
ICC'S arrest warrants for Netanyahu, Gallant an apt decision - PM
The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.
KTMB provides two additional ETS trains for Christmas, school holidays
KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.
BNM'S international reserves rise to USD118 bil as at Nov 15, 2024
Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.
Findings by dark energy researchers back Einstein's conception of gravity
The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.
NRES responds to Rimbawatch press release on COP29
The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.
Online Safety Bill and Anti-Cyberbullying Laws must carefully balance rights and protections
The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.
Malaysia's inflation at 1.9 pct in Oct 2024 - DOSM
Malaysia's inflation rate for October 2024 has increased to 1.9 per cent, up from 1.8 per cent in September this year.
Saudi Arabia showcases Vision 2030 goals at Airshow China 2024
For the first time, Saudi Arabia is participating in the China International Aviation & Aerospace Exhibition held recently in Zhuhai.
King Charles' coronation cost GBP 71mil, govt accounts show
The coronation of Britain's King Charles cost taxpayers GBP72 million (US$90 million), official accounts have revealed.
Couple and associate charged with trafficking 51.9 kg of meth
A married couple and a man were charged in the Magistrate's Court here today with trafficking 51.974 kilogrammes of Methamphetamine.
PDRM to consult AGC in completing Teoh Beng Hock investigation
The police may seek new testimony from existing witnesses for additional insights into the investigation of Teoh Beng Hock's death.
Thai court rejects petition over ex-PM Thaksin's political influence
Thailand's Constitutional Court rejects a petition seeking to stop Thaksin Shinawatra from interfering in the running the Pheu Thai party.
Abidin takes oath of office as Sungai Bakap assemblyman
The State Assemblyman for Sungai Bakap, Abidin Ismail, was sworn in today at the State Assembly building, Lebuh Light.
UPNM cadet officer charged with injuring junior, stomping on him with spike boots
A cadet officer at UPNM pleaded not guilty to a charge of injuring his junior by stomping on the victim's stomach with spike boots.
How Indian billionaire Gautam Adani's alleged bribery scheme took off and unraveled
The indictment was unsealed on Nov. 20, prompting a $27 billion plunge in Adani Group companies' market value.
Elon Musk blasts Australia's planned ban on social media for children
Several countries have already vowed to curb social media use by children through legislation, but Australia's policy could become one of the most stringent.