Malaysia forges port alliance with China
Malaysian Transport Minister Liow Tiong Lai said his nation is willing to expand seaport links with China in an effort to boost bilateral trade, reported the national news agency Bernama.
Malaysian Transport Minister Liow Tiong Lai. (Photo: malaysiakini)Speaking at a press conference on September 26, Liow stated the alliance could boost China’s 21 st century Silk Road initiative, adding that local Port Klang, Port of Tanjung Pelepas, Bintulu Port and Kuantan Port are suitable partners to forge the connection.
The link will enhance Malaysia’s competitiveness through improved container processing and limited red tape, he noted.
According to the minister, Chinese investors hold 40 percent of shares at local Kuantan Port and China has supported the implementation of Malaysia’s Melaka Gateway tourism project.
Liow also expected a port alliance to be formed between ASEAN and China.-VNA
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