Business

Asean Summit: Anwar moots enhanced economic ties with US

Trade, foreign direct investment among key areas for further cooperation, says PM

Updated 3 years ago · Published on 06 Sep 2023 10:10PM

Asean Summit: Anwar moots enhanced economic ties with US
In the realm of digitalisation, Datuk Seri Anwar Ibrahim has encouraged the US to collaborate with Asean to advance digital transformation in the region, encompassing digital infrastructure connectivity, inclusion, 5G, as well as digital data policy and regulation. – Anwar Ibrahim Facebook pic, September 6, 2023

JAKARTA – Prime Minister Datuk Seri Anwar Ibrahim today proposed further cooperation with the United States, focusing on deeper economic collaboration through the trade and investment framework agreement and broadened economic engagement.

He emphasised the importance of supporting foreign direct investment, internationalising micro, small and medium enterprises, promoting green growth for climate sustainability, and ensuring efficient resource use and food security.

The prime minister’s proposals were put forth in his intervention during the 11th Asean-US Summit here, attended by US Vice-President Kamala Harris and led by Indonesian President Joko Widodo.

In the realm of digitalisation, Anwar encouraged the US to collaborate with Asean to advance digital transformation in the region, encompassing digital infrastructure connectivity, inclusion, 5G, as well as digital data policy and regulation.

On energy, Anwar said Asean has set a goal to generate 23% of primary energy from renewables by 2025 and seeks support from the US to achieve this target.

Malaysia also welcomed the US Comprehensive Strategic Partnership, particularly the summit leader’s statement on advancing the Asean Outlook on the Indo-Pacific during this summit.

“This is exceptionally critical for countries committed to democratic principles and accountability in the region,” he said.

During the Asean-Canada Summit attended by Justin Trudeau, Anwar said that “Canada has been a highly dependable ally”.

He added that Trudeau is well aware of Asean’s stance, along with that of his Western colleagues.

“Therefore, we look forward to further collaboration in the fields, including the Asean-Canada Free Trade Agreement and issues of climate change,” he added. – The Vibes, September 6, 2023 

Related News

Opinion / 3mth

Why Bersama is not Malaysia’s best hope

Opinion / 6mth

A civilizational moment for Malaysia: From Al-Attas to Osman Bakar

Opinion / 8mth

Government Procurement Bill 2025: Evidence of government’s firm stance against corruption

Malaysia / 11mth

 PM’s claim of compliance on Sabah’s 40% share conflicts with court ruling, says Roger Chin

Malaysia / 11mth

Nation on right track towards economic objectives, say economists

Events / 1y

Global leaders, thinkers, and advocates from across the Global South in KL for three-day conference

Spotlight

Malaysia

Man kidnapped, tortured, and killed following misunderstanding

Malaysia

'I will never forget taxi drivers who backed me in my hardest times' - PM Anwar

Malaysia

Najib fails to secure stay of 15-year jail term, RM11.38b fine in 1MDB case

Malaysia

Ivana Smit’s mother considers Federal Court appeal after RM1.1m award overturned

Education

Schools in Negeri Sembilan, Melaka to reopen tomorrow as haze conditions improve

Malaysia

Zara Qairina inquest: Investigating officer says final findings showed no suspicious circumstances

Malaysia

Man jailed 8½ years for abusing three-year-old boy, forcing the child to eat faeces

World

Pope Leo XIV diagnosed with lung cancer after successful surgery

Malaysia

More than 3,000 Myanmar refugees set for repatriation after Malaysia secures breakthrough

You may be interested

Business

Oil prices stay above US$93 as Middle East tensions put pressure on ringgit

Business

Oil prices rise as Gulf attacks threaten supply recovery

Business

SC targets stronger board oversight through higher standards for company secretaries

Business

SC expands new co-investment fund in 2027 to unlock growth capital for Malaysian businesses