Malaysia’s political outlook and the latest trade policies and economic priorities were discussed at an Asia House briefing with the country’s Minister of International Trade and Industry – Tengku Zafrul Aziz – on 10 February.
His visit follows Malaysia’s general election of November 2022 and the appointment of Anwar Ibrahim as Prime Minister. Minister Tengku Zafrul Aziz discussed how Malaysia’s government is focussed on the digital economy, as well as various new ESG initiatives and making the country an attractive destination for foreign direct investment.
Asia House Corporate Members also heard from the Minister about Malaysia’s trade prospects following the ratification of the Regional Comprehensive Economic Partnership and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Members asked the Minister about the tangible benefits Malaysia will see from membership to the CPTPP, as well as how fresh investments were helping to grow Malaysia’s green transition and various infrastructure initiatives. In addition, the recent Framework on Cooperation between Malaysia and Singapore – signed in January 2023 – was also discussed. The Minister talked about Malaysia’s updated 2023 budget and what it will look like when it is expected to be presented to its parliament on 24 February.
Chaired by Asia House Chief Executive Michael Lawrence and held at the think tank’s London headquarters, the briefing gave Corporate Members a unique insight into Malaysia’s economic outlook for 2023.
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