M’sia ready to compete under Asean Economic Community
KUALA LUMPUR: Malaysia is ready for the implementation
of the Asean Economic Community (AEC), driven by rapid growth in its small and
medium-sized enterprise (SME) industry, the key to the nation's economic
development.
The AEC's main objective is to transform all 10
members of the Asean into a one-stop global investment centre by 2015.
World
Trade Institute external consultant Dr Sufian Jusoh said as a centre bordering most
Asean countries, Malaysia had the advantage in terms of securing regional investment
opportunities at the early stage.
“Our SMEs may produce components for other
members countries as well as getting investors to come in to produce other
parts of the same products, which can be supported by SMEs here.
“I would say that we are ready to be
competitive because we have SMEs which are dynamic and we have conglomerates
like Axiata and
Petronas that can work together with these SMEs,” he said at a briefing on The
Asean Comprehensive Investment Agreement (ACIA) forum.
He
said Asean had the chance to become the new hub of global investment and
benefiting from economic uncertainties in Europe and the United States. -
Bernama
“We have 10 economic-diverse countries, and if
they work together, with 500 million domestic consumers, we would manage to
make Asean as a single destination for global investment,” he said.
The forum,
which will be held here on Thursday, is expected to attract 200 participants. -
Bernama
Date :
20 March 2013
Source: The
Star
Afternoon Highlight (20/03//13/45/743)
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