BANDAR SERI BEGAWAN, Oct 10 (Borneo Bulletin/ANN): Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Mohd Amin Liew emphasised the importance of cooperation and coordinated actions to mitigate the effects of the Covid-19 pandemic.
He said this in a video message at the Special Plenary with Asean Trade Ministers session of the Indo-Asean Business Summit and Expo on Friday (Oct 8).
The event was organised virtually by the Confederation of Indian Industry (CII) with the support of the Ministry of External Affairs, Government of India.
Dr Awang was invited as the guest of the honour for the event by Minister for Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, Government of India Piyush Goyal.
He also highlighted that despite the ongoing pandemic, India remains one of Asean’s largest trading partners and a source of foreign direct investment (FDI).
He touched on the steady economic relations between the Sultanate and India. In 2020, India was Brunei Darussalam’s sixth largest trading partner. He hoped to further boost this trading relations through exploring measures that can help facilitate exports.
Dr Awang also welcomed investments in the five areas prioritised by Brunei - food, tourism, services, ICT and downstream oil and gas sectors.
He said the potential to explore collaboration in pharma products for the domestic and regional markets which may include not only sourcing of raw materials from India, but also the acquisition of technology, as well as research and development (R&D) to develop Brunei’s pharmaceutical industry. - Borneo Bulletin/ANN