Japan and Malaysia have vowed to boost bilateral cooperation as part of the second wave of Malaysia’s Look East Policy (LEP).
Speakingat a joint press conference after a bilateral meeting with his Japanesecounterpart Shinzo Abe in Tokyo on December 12, Malaysian PrimeMinister Najib Tun Razak said bilateral ties will continue to be basedon the LEP after 30 years of successful collaboration in its firstphase.
Japanese investors should move up the value chain andfocus on high technology as Malaysia is undergoing a transformationprocess to become a developed country as part of the LEP second phase’spurpose, he added.
Najib called on the Japanese investors topromote their strength in the areas of green technologies and renewableenergy, waste treatment, and small and medium enterprises.
For his part, Abe said Japan will continue to assist Malaysia in its efforts to become a developed country by 2020.
The bilateral relationship was based on a multi-layer of ties and bonds of friendship that were developed under the LEP.
Japan is now Malaysia’s major investor with 1,400 companies operatingacross the country. Especially Malaysia’s manufacturing sector received22.2 billion USD from Japanese investors in 2012.
Najib is on a working visit to Tokyo in conjunction with the summit marking the 40th anniversary of ASEAN-Japan relations.-VNA
Speakingat a joint press conference after a bilateral meeting with his Japanesecounterpart Shinzo Abe in Tokyo on December 12, Malaysian PrimeMinister Najib Tun Razak said bilateral ties will continue to be basedon the LEP after 30 years of successful collaboration in its firstphase.
Japanese investors should move up the value chain andfocus on high technology as Malaysia is undergoing a transformationprocess to become a developed country as part of the LEP second phase’spurpose, he added.
Najib called on the Japanese investors topromote their strength in the areas of green technologies and renewableenergy, waste treatment, and small and medium enterprises.
For his part, Abe said Japan will continue to assist Malaysia in its efforts to become a developed country by 2020.
The bilateral relationship was based on a multi-layer of ties and bonds of friendship that were developed under the LEP.
Japan is now Malaysia’s major investor with 1,400 companies operatingacross the country. Especially Malaysia’s manufacturing sector received22.2 billion USD from Japanese investors in 2012.
Najib is on a working visit to Tokyo in conjunction with the summit marking the 40th anniversary of ASEAN-Japan relations.-VNA
