Investment Destination of Choice Indicates Confidence of US Companies in Malaysia: Azmin Ali

Azmin Ali, Senior Minister of International Trade and Industry said, United States companies are still confident that Malaysia that it is an investment destination of choice.

“They see Malaysia’s potential to continue to thrive in the digital economy, and are ready to help Malaysia strengthen its competitive position at the international level,” he was quoted as saying to the press after concluding a 10-day Trade and Investment Mission (TIM) to the US since May 9.

“The TIM to the US was very successful, we were not only able to hold discussions and highlight the Malaysian government policies to the US administration, but also to hold negotiations and discussions with major US-based companies,” he added.

“Malaysia could see the US commitment of not only to bring investments to our country, but also, as a result of the discussions, to build a wider and stronger supply chain among Malaysian small and medium enterprises (SMEs),” he continued.

“They are also ready to build an ecosystem, and transfer technology and expertise to Malaysian companies. This will definitely provide ample space and opportunity for Malaysia to penetrate the global market and increase its competitiveness at the international level,” he said.

A Memorandum of Cooperation to ensure the resilience of the supply chain was signed between Azmin and Raimondo on May 10. Azmin met with US Secretary of Commerce Gina M Raimondo and US Trade Representative Ambassador Katherine Tai in Washington DC during the TIM.

Malaysia was expected to attract new investments worth RM14.62 billion from the US through the TIM.

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