LIMA, Peru (Nov 13): Malaysia’s Ministry of Investment, Trade and Industry’s (MITI) strategic approach to the 31st Asia-Pacific Economic Cooperation (Apec) Economic Leaders’ Week (AELW) 2024 includes ensuring a resilient and inclusive global economy.
Its minister Tengku Datuk Seri Zafrul Abdul Aziz said that Miti will also ensure that it drives digital inclusion and the prudent use of artificial intelligence (AI), as well as promotes digital investment, sustainable investment, and sustainable socio-economic growth,
“From the perspective of the Asean chairmanship by Malaysia next year, Miti will try to strengthen the concept of Asean’ s centrality and neutrality at this Apec meeting, as Asean has the potential to become a ‘middle power’ in the current uncertain geopolitical scene,” he said in his social media post on Wednesday.
Zafrul said economic cooperation in the Asia Pacific region should be based on the rule of law, so that it benefits all its members — this aspiration is reflected in this year’s Apec theme “Empower. Include. Grow”.
“The involvement of Prime Minister Datuk Seri Anwar Ibrahim, as coordinated by Miti, is to ensure that the theme greatly benefits Malaysia in terms of increased trade and investments, amid a peaceful global environment,” he said.
Anwar, also finance minister, safely arrived in Lima, Peru, on Tuesday (Nov 12), for an official visit and to attend the AELW, which runs from Nov 14-16.
In addition to Zafrul, Anwar was accompanied by Foreign Minister Datuk Seri Mohamad Hasan, Deputy Energy Transition and Water Transformation Minister Akmal Nasrullah Mohd Nasir, and Deputy Natural Resources and Environmental Sustainability Minister Datuk Seri Huang Tiong Sii, along with senior government officials.
Lima, the capital of Peru with a population of 11.36 million, is hosting the Apec meeting for the third time after 2008 and 2016.
The South American country borders Ecuador and Colombia to the north, and Brazil to the east.
Malaysia and Peru are members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Total trade between Malaysia and Peru from January to July 2024 amounted to RM1.16 billion, up 36.3% from RM847.7 million in the same period in 2023.
Read also:
Anwar launches Yinson’s solar park in Peru, calls for robust collab to tap new Global South potentials
Anwar deeply honoured to receive prestigious order from Peru
Anwar: Malaysia hopes to contribute to infrastructure development in Peru’s new Chancay Port
Anwar: Peruvian president to visit Malaysia by end-2025
Malaysia, Peru commit to multilateralism to address global, regional challenges
Anwar arrives in Peru for official visit, Apec leaders week
Uploaded by Liza Shireen Koshy