Malaysian Prime Minister Ismail Sabri Yaako. (Photo: VNA) The Malaysian government adopted LEP in 1982, and targetedsocial and economic development in the country through learning from Japan.
The World Economic Forum's Global Risks Report (WEF) 2022noted that issues such as climate change, social impact due to aging populationand social polarisation after the COVID-19 pandemic are expected to seriouslyimpact the economy and livelihood of most countries in the next 10 years, hesaid in his keynote address at an event to commemorate the 40th anniversary of the LEP.
He urged that new areas of cooperation related to the ESG can beexplored by both countries through projects and programmes implemented under LEP.
This includes diversifying cooperation in the field ofdisaster crisis, aging society, digital economy, science, technology andinnovation as well as green growth,
Ismail Sabri said four decades of successful cooperationbetween Malaysia and Japan are now centred on new areas in line with thetechnological revolution that brought changes to the industrial and globaleconomic landscape.
The premier said cooperation in fields such as artificialintelligence, robotics, autonomous systems, and the Internet of Things (IoT) inwhich Japan has high expertise needs to be improved.
He said he hopes the Japanese government will provide continuoussupport to encourage more cooperation in the field through the implementationof joint venture projects under LEP.
Ismail said as a pioneer in the global halal industry, Malaysiacan help Japan develop their halal industry.
He also suggested that both countries explore cooperation toresolve problems related to supply chains, adding that during a meeting withJapanese Prime Minister Fumio Kishida in May, he called for regional supplychains to be strengthened with supporting investment in digital infrastructure.
He said simplifying capacity development would strengthenthe resilience of local supply chains./.
VNA
