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Saturday August 24, 2013 MYT 12:00:00 AM
Saturday August 24, 2013 MYT 7:56:24 AM
by sa AND #8217;odah elias
Muhyiddin giving a speech during the roundtable discussion with captains of industries in Bangkok. Looking on is Kittarat (right). — Bernama
BANGKOK: Malaysian and Thai companies have been advised to jointly explore fresh investment opportunities in China, India, South Korea as well as other emerging economies in the Asean region.
Deputy Prime Minister Tan Sri Muhyiddin Yassin urged the business community of both countries not to view each other as competitors, but as collaborators in taking advantage of Asean free trade agreements.
“Malaysia is strong in some areas, Thailand has the expertise in areas like food processing, healthcare, and tourism,” he told journalists yesterday at the tailend of his official visit to Thailand.
Following a roundtable discussion here involving captains of industries from both countries, Muhyiddin said there were also opportunities for Malaysian companies to take part in infrastructure development in Thailand.
The roundtable was also attended by Thai Deputy Prime Minister and Finance Minister, Kittirat Na Ranong, who mentioned that Thailand was expected to spend US$60bil (RM180bil) over the next seven years on major infrastructure projects.
In his speech, Muhyiddin said Malaysian and Thai companies should broaden their two-way investments to bring about more positive changes along the Malaysia-Thai border.
“Sincere collaboration among our business people will be the critical ingredient in creating a formidable economic partnership,” he added.
In 2012, Malaysia’s bilateral trade with Thailand reached US$24bil (RM72bil), a 5.4% increase compared to 2011.
Up to June 2013, Malaysia’s trade with Thailand was valued at US$12.3bil, or RM36.9bil.
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