KUALA LUMPUR, March 25 — Malaysia has seen a 25 per cent increase in bilateral trade with Canada since 2018, bolstered by the Comprehensive and Progressive Agreement for the...
MCRA: Govt’s plan to delete ‘PR’ in Malaysia’s citizenship laws will affect ‘red IC’ natives’ children the most, remove foundlings’ protectionMinister of Investment, Trade, and Industry Tengku Datuk Seri Zafrul Abdul Aziz at the launch of The Team Canada Trade Mission in Kuala Lumpur today.
The minister said Malaysia is proud to host Canadian companies like Celestica, Sun Life and other companies that have been thriving here for more than a decade.“As of today, a total of 96 manufacturing projects with Canadian participation have been implemented, with total investments worth US$274 million.
Additionally, he said via the Push for Net Zero and sustainability agenda, Malaysia’s New Industrial Master Plan 2030 also targets for high growth sectors such as electric vehicles , renewable energy , Carbon Capture, Utilisation and Storage , green manufacturing and circular economy, which are very much aligned with the TCTM’s objectives
Tengku Zafrul noted that disciplined execution on investments saw “quite a few” manufacturing projects take off earlier than the typical 18 to 24-month timeline. On the common free trade agreements that both countries have signed, including CPTPP, Tengku Zafrul welcomed Canada’s chairmanship of the CPTPP Commission for 2024, and reiterated Malaysia’s support to the priorities outlined by Canada in 2024, including its stewardship in leading the General Review of the CPTPP, and enhancing utilisation of the CPTPP by SMEs, women and indigenous businesses.
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