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ASEAN to help facilitate trade globally: Malaysian PM

Source:   Time:

KUALA LUMPUR, Nov. 9 (Xinhua) -- As economic growth is obviously taking place in Asia ASEAN will help lead the way in facilitating trade within ASEAN, within Asia and globally, Malaysian Prime Minister Najib Razak said on Tuesday.

Najib made the remark here in his speech delivered by Malaysian International Trade and Industry Minister Mustapa Mohamed at the launching of the International Trade (INTRADE) Malaysia 2010.

"Sustainable growth is a function of our ability to work together. Geography must serve to unite, and not divide," said Najib when touching on Malaysia's trading relationship with other ASEAN nations.

The prime minister said that with the overriding feature of the global economy being the interdependence of all national economies, Malaysia's future is linked to that of other nations.

"As the world grows increasingly interdependent, global trade among us too must not be seen as a zero-sum game but as a process of capitalizing on the synergies that each of us brings to the market," said Najib.

Najib said the Malaysian government was undertaking liberalization through engagements in free trade agreements with its major trading partners, bilaterally and through its membership in ASEAN.

He emphasized that Malaysia was fully committed to pursuing policies that can increase its trade opportunities, open its markets for foreign and domestic investors and create jobs in Malaysia.

"We have made a deliberate policy decision that we will need fair and free trade to sustain our growth trajectory. This is because ours is an open economy. We are a trading county.

"We are fully committed to pursuing policies that can increase our trade opportunities, open our markets for foreign and domestic investors and create jobs in Malaysia," said Najib.

Themed "One World, One Market Place", INTRADE Malaysia 2010 will run from Nov. 9 to 11. A total of 385 booths have been taken up by 370 companies comprising 285 Malaysian and 85 foreign participants like China, India, Japan, Thailand, Indonesia and Nigeria.

According to Najib, INTRADE was born out of the ASEAN+3 (ASEAN plus China, South Korea and Japan) to provide an avenue for the business communities of ASEAN and the three countries to explore and share trade and investment opportunities.

It has now grown to include businesses from a host of countries and is fast gaining a reputation as a premier trade event and a place for international business networking.

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