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The new Government policy of liberalization of the
service industry will pose several challenges to the local
professionals who may see it as threat or opportunities.
I hope local professionals such as the engineers will
prepare themselves by raising their level of skill and
professionalism.
This is a joint council to monitor
the works of the two national
status industrial parks jointly
launched by YAB Prime Minister
Malaysia and Premier of PR
China in 2011.
The
China-Malaysia
Qinzhou Industrial Park (QIP)
occupies 55 sq km in Qinzhou
City, Guangxi province that is
jointly developed by Chinese
and Malaysian companies. For
the first phase, it will house the
Industrial zone, Sci-Tech R&D
Zone ad Service
Residential
Area. The whole park will
eventually home to 500,000
people.
As the state status project,
investors here will be accorded
special incentives by the central
and provincial Government of
PR China. To date, construction
works have started on phase
one where the administrative
office and major roads have
been completed.
As for the MalaysiaChina Kuantan Industrial Park,
planning is at advance stage.
Similarly, Malaysian Government
will provide special incentives for
investors for this Industrial Park.
For this mission, I had
the honour of meeting my
counterpart, Vice Minister of
MOFCOM (Ministry of Commerce)
China, Madam Guo Yan. We had
a detailed discussion and free
exchange of views in enhancing
trade and industries between
China and Malaysia.
Talking
about
trade
with
China, both
nations
have signed a “Five Year
Programme for Economic and
Trade Cooperation” between
Malaysia and China on October
4, 2013 between the Minister
of MITI, Malaysia and Minister
of MOFCOM, China that was
witnessed by YAB Prime Minister
Malaysia and HE President
of PR China. The programme
outlines areas of co-operation
and strategic plans in trade and
industry. One of the programmes
is on engineering services. I
believe there are many areas
that both nations can share for
better synergy in various fields
such as energy-efficiency sector.
Can YB tell us some of your
challenges and experience in
holding such an important post
as Deputy Minister of MITI?
MITI is always on the local
economic radar screen as
International trade and Industry
can be considered the lifeline
of the nation. There are many
issues dealing with international
players for which Malaysian
interest has to be guarded.
The
proposed
TransPacific Partnership Agreement
(TPPA) still has many issues
that have not been resolved,
taking cognizance of Malaysian
interest. We have to engage
local stakeholders in the
whole process to ensure that
their interests too are well
addressed.
For the foreign direct investment (FDI), we are in the
trans