Wee: MCA committed to promoting knowledge-based economy under Belt and Road framework

  • Nation
  • Saturday, 21 Sep 2019

PETALING JAYA: MCA is committed to promoting borderless knowledge-based economy and other initiatives under China's Belt and Road framework although it is no longer part of the ruling coalition in Malaysia.

Its president Datuk Seri Dr Wee Ka Siong (pic) said k-economy was the current global economic development trend.

"I encourage all Asean nations to come together to create a borderless knowledge-based economy to achieve common prosperity and (chart) new heights," he said in his speech on Enhancing Mutual Development with the Belt and Road Initiative: Painting a Vision of Cooperation at the 16th China-Asean Expo and China-Asean Business and Investment Summit in Nanning, China.

He noted that the China-based Alibaba Group had two years ago established the Malaysia Data Free Trade Zone, which was the first overseas Electronic World Trade Platform test zone.

"Though Malaysia experienced a transition of power in the government, nonetheless MCA will continue to remain supportive and hopeful of the plan to put into realisation, as knowledge-based data economy is the current global economic development trend," he said.

Malaysia and China had continued charting progress in bilateral and multilateral trade, infrastructure, youth exchange, culture, education, academics, tourism, and other fields despite political volatility in Malaysia, he said.

"This is something to be proud of and I look forward to the future where both countries can achieve greater heights," he said.

Dr Wee was also pleased to note that Malaysia (under the Pakatan Harapan government) had endorsed the Joint Communiqué of the Leaders' Roundtable of the 2nd Belt and Road Forum for International Cooperation on April 27 this year.

"It shows that we agree on international developments together and driving pragmatic cooperation to enhance the well-being of the people," he said.

MCA had been working closely with China Economic Cooperation Centre since 2013 to organise the "Belt and Road Initiative: China-Malaysia Business Dialogue".

"MCA has also established a PRC Affairs Committee and a Belt and Road Initiative Centre called MBRACE to facilitate bilateral projects for the Belt and Road Initiative between Malaysia and China," he said.

MCA had also led Chinese organisations in Malaysia to endorse the inaugural Malaysian Chinese Belt and Road Declaration in 2016.

"This is MCA's duty as a responsible political party to lead Chinese associations in Malaysia to initiatives that are politically, economically, socially, and educationally beneficial to the society," he said.

Wee said MCA agreed with the principles of achieving shared growth through discussions and collaborations, and with China President Xi Jinping's utopian vision of attaining win-win cooperation with all countries and building a future where everyone had a stake in the Belt and Road Initiative.

Both the People's Republic of China and MCA celebrated their 70th anniversary this year, noted Wee.

MCA was instrumental in helping forge bilateral diplomatic relations in 1974, making Malaysia the first country in South-East Asia to establish diplomatic relations with China.

"In the past, MCA has sought to improve relations between China and Malaysia, and MCA will continue to do so in the present and the future as our two countries strive towards a new era," he said.

The East Coast Rail Line (ECRL) and Alibaba Group-led Digital Free Trade Zone (DFTZ) are important components of Malaysia's Logistics and Trade Facilitation Masterplan 2015-2020, noted Wee.

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