KUALA LUMPUR: The joint efforts between Malaysia and Qatar through Trade and Investment Mission (TIM) is to reinvigorate a sustainable economy post COVID-19, said the Ministry of International Trade and Industry (MITI) today.
It said in a statement that Senior Minister cum Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali is on a three-day TIM to Qatar to promote Malaysia as an investment destination of choice, as well as further enhance bilateral trade and economic ties.
"Both governments are committed to resume efforts on operationalising the strategies through the third Malaysia-Qatar Joint Trade Committee (JTC) meeting, necessitating stronger private sector participation in the dialogue.
"Both governments will jointly facilitate and continue to work on the Investment Guarantee Agreement to encourage more investment cross-flows between Qatar and Malaysia," said MITI.
In the same statement, Mohammed Azmin said with the signing of the Regional Comprehensive Economic Partnership (RCEP) Agreement, Qatar could use Malaysia as its trading hub in the ASEAN region, underscoring that Malaysia offers the best location in the region as it is connected to a market size of over two billion people.
On bilateral investment, Mohammed Azmin has advocated that Malaysian projects as the key to advancing Malaysia's interest, where pursuant to the memorandum of understanding (MoU) signed between the Malaysian Investment Development Authority (MIDA) and the Investment Promotion Agency of Qatar (IPAQ), both agencies could take this to the next level.
During the meeting with Qatar's Minister of Commerce and Industry and Acting Minister of Finance Ali bin Ahmed Al Kuwari, the senior minister has discussed a broad spectrum of matters including the current state of the COVID-19 pandemic and how best to create joint efforts for a sustainable economic recovery.
He has also reiterated Malaysia's clear and comprehensive exit strategy through the National Recovery Plan.
Mohammed Azmin is scheduled to meet the Prime Minister of Qatar Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani today to start the discussion on Malaysia's National Investment Aspirations (NIA) that would drive and deepen the strong partnership with Qatar.
The TIM will continue with targeted one-on-one business meetings on new opportunities and collaboration that are paramount for the expansion of public-private strategic partnerships, said MITI.
It said that the meetings will be held with prominent leaders of Qatari companies in the retail service, cyber security and other areas that will expand Malaysia's footprint in the global halal industry.
-- BERNAMA
Bernama
Mon Jul 05 2021
MITI said in a statement that Mohamed Azmin Ali is on a three-day TIM to Qatar to promote Malaysia as an investment destination of choice, as well as further enhance bilateral trade and economic ties. - BERNAMA filepic
Astro AWANI's revamped English news website, AWANI International, launches on Oct 21
Astro AWANI's revamped English platform delivers in-depth global news and expert analysis to keep you informed on key developments.
Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say
Residents of Jabalia said Israeli tanks had reached the heart of the camp after pushing through suburbs and residential districts.
Liam Payne's ex-partner calls for media restraint after 'painful' death
Cheryl Tweedy used her statement to urge the media to remember they had a seven-year-old son, Bear, who could read the reports.
Analysts: Indonesia's strong MoF leadership team to boost investor confidence
Sri Mulyani Indrawati as head of Indonesia's Ministry of Finance is expected to instil confidence among investors.
Biden offers both a carrot and a stick to Israel as his term nears an end
Israel has frequently resisted US advice and has caused political difficulties for the Biden administration.
Putin says BRICS will generate most of global economic growth
Russian President Vladimir Putin will host a summit of the group in the city of Kazan on Oct. 22-24.
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
NFOF will be operational in November 2024 with funding of RM1 bil
PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Minimum wage to increase to RM1,700 effective Feb 1, 2025
The Progressive Wage Policy would be fully enforced next year with an allocation of RM200 million, benefiting 50,000 workers.
Bursa Malaysia ends higher on Budget 2025 optimism
The benchmark index, which opened 1.85 points higher at 1,643.29, moved between 1,641.71 and 1,649.31 throughout the trading session.
Five important aspects relating to people’s lives in Budget 2025 - PM
The focus is on driving the MADANI Economy, speeding reforms, cutting red tape, raising wages, and tackling the cost of living.
Economic outlook: Govt plans to leverage, expand existing city transit system
The expansion aims to provide a more efficient and reliable public transportation network, reduce congestion, and improve accessibility.