Darell to lead trade and investment mission to Australia

by TMR/ pic by TMR FILE

INTERNATIONAL Trade and Industry Minister Datuk Darell Leiking (picture) will lead a trade and investment mission to Australia this week.

Bernama reported that Darell is scheduled to meet Chief Minister of Australian Capital Territory in Canberra Andrew Barr.

In conjunction with the mission, the 18th Joint Trade Commission Meeting will be held on Aug 20, to be co-chaired by Darell and his counterpart, Simon Birmingham, Australia’s minister of trade, tourism and investment.

The meeting will be held to discuss bilateral trade and investment issues and opportunities for further collaborations.

Darell and the delegates will also be visiting the University of South Australia, Mawson Lakes Campus to gain an insight on UniSA Industry 4.0 Lab Space and the Malaysia Automotive, Robotics and Internet of Things Institute’s (MARii) projects — the light weight plastic glazing project and the hard coating project (flow coating).

Additionally, the minister will be visiting the Swinburne University of Technology’s Advanced Manufacturing Industry 4.0 Hub, also known as the “Factory of the Future” for being the first ever fully-immersed Industry 4.0 facility in Australia.

He will also be meeting with prominent business groups in sectors such as food and beverages, healthcare, machinery, halal hub and aged care centre.

During his visit, Darell will connect with strategic partners during a seminar on ‘“Business and Investment Opportunities in Malaysia as the Gateway to Asean”.

In 2018, Australia was Malaysia’s 11th-largest overall global trading partner, with total trade between both countries recorded at RM55.13 billion (US$13.11 billion).

The mission comprises officials from the Ministry of International Trade and Industry (MITI), Malaysian Investment Development Authority, Malaysia External Trade Development Corp, MARii, InvestKL Corp and EXIM Bank Bhd.

MITI said in a statement that Malaysia’s exports to Australia stood at RM33.55 billion and imports at RM21.58 billion last year.

In terms of investments, 350 manufacturing projects were implemented with total investments of RM2.79 billion.

These projects created 22,626 jobs in Malaysia in key manufacturing sectors such as chemical-based products, petroleum-based products and rubber-based products. — TMR