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Asean chairmanship 2025: Malaysia prioritises economic cooperation, sustainable development

7 Dec 2024, 3:16 AM
Asean chairmanship 2025: Malaysia prioritises economic cooperation, sustainable development

KUALA LUMPUR, Dec 7 — Malaysia will prioritise efforts to boost trade and investment between Asean and other economies in the world during its chairmanship next year, said Prime Minister Datuk Seri Anwar Ibrahim.

In a post on X (formerly Twitter) yesterday, he said country will also expand Asean economic cooperation and promote more inclusive and sustainable growth during its chairmanship period.

Anwar, who is also Finance Minister, received a courtesy call from World Trade Organisation (WTO) director-general Ngozi Okonjo-Iweala.

Also present at the meeting was Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

Meanwhile, the Prime Minister stressed that Malaysia's position is to support a multilateral trading system that is fair and equitable, especially for developing countries.

"This is important to ensure that the WTO remains relevant in the current geopolitical situation, especially to address unilateral mechanisms," he said.

Malaysia's membership in the WTO, which prioritises the principles of transparency and rejects discrimination, has also contributed to increased confidence and foreign direct investments in the country.

— Bernama

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