WEF: Malaysia to stress on being open, business-friendly


Malaysia will highlight economic policies and trade direction outlined by the new government, including re-emphasising that it will continue to be an open economy with a business-friendly environment at the World Economic Forum (WEF) in Davos, Switzerland.

The Ministry of International Trade and Industry (MITI) said Malaysia’s participation in the WEF meeting will provide the opportunity to further elevate Malaysia’s profile and visibility within the business and international community.

As the government is in the process of realigning major policies to ensure the country’s economic growth is on solid footing, MITI also said Malaysia remains an attractive destination for foreign direct investment.

“Another key deliverable is for Malaysia to underline that The Fourth Industrial Revolution (Industry 4.0) is reshaping economies around the world with rapid technological advancements,” the ministry said in a statement.

Representing Malaysia, MITI Minister Datuk Darell Leiking (picture) is expected to share Malaysia’s experience regarding the Industry 4.0, digital trade, Asean and the initiatives under the Belt and Road, as well as providing Malaysia’s perspective on the current global, regional and industry challenges.

Leiking is scheduled to have bilateral meetings with his counterparts from Switzerland, Qatar, Saudi Arabia and the UK.

Apart from that, he will also be meeting CEOs and top management of multinational companies such as Japan External Trade Organisation, Hanwha Q Cells Co Ltd, Amazon Web Services Inc, AT Kearney, Merck & Co, Google LLC and Microsoft Corp.

WEF will be held from today till Jan 25 with the theme “Globalisation 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution”.