ASEAN KEY DESTINATIONS
U.S. Companies Offer Support for Malaysia's Participation in TPP
(Kuala Lumpur) - A delegation of 17 leading U.S. companies organized by the US-ASEAN Business Council will conclude their visit to Malaysia today. The delegation offered their strong support for Malaysia’s leading position in international trade discussions, in particular the mutually beneficial possibilities represented by Malaysia’s participation in the Trans-Pacific Partnership (TPP). The delegation will meet with key Malaysian leaders, including Deputy Prime Minister Tan Sri Muhyiddin Yassin, to discuss the continued evolution of the Najib administration’s economic reform agenda and Malaysia’s plans for its 2015 role as the Chair of ASEAN during the launch of the ASEAN Economic Community (AEC). The delegation was led by Alexander Feldman, President & CEO of the US-ASEAN Business Council, and Kevin Walsh, Chief Technology Officer of the Council’s Malaysia Committee Chair Oracle.
“The U.S. has for a long time been the largest investor in Malaysia with nearly $14 billion in foreign direct investment in 2013,” said Alexander Feldman. “Malaysia’s participation in the TPP and the successful completion of the AEC will only increase the strength of the US-Malaysia bilateral trade relationship, and support the success of Prime Minister Najib’s efforts to help Malaysia achieve developed nation status by 2020.”
Council delegates offered strong support for Malaysia’s participation in TPP and praised Malaysia’s leadership in implementing the ASEAN Economic Community and the development of a post-2015 agenda to further develop ASEAN members’ economies and support local small and medium enterprises. The delegates also sought to promote human capital development in high-skill areas such as engineering, science and technology that are critical to Malaysia’s global competiveness.
The Council delegation will engage key officials over the course of the mission, including:
Tan Sri Dato' Haji Muhyiddin Bin Haji Mohd Yassin, Deputy Prime Minister
Senator Dato’ Sri Abdul Wahid Bin Omar, Minister for the Economic Planning Unit (EPU)
Dato' Sri Mustapa bin Mohamed, Minister of International Trade and Industry
Datuk Joseph Entulu Anak Belaun, Minister for MAMPU
Dato' Seri Dr. Hilmi bin Yahaya, Deputy Minister of Health
Dr. Mohd. Yussof, CEO Malaysia Industry Government Group for High Technology
DG Datuk Ibrahim Ahmad of MARA (Majilis Amanah Rakyat)
The Council also met with the Hon. Joseph Yun, U.S. Ambassador to Malaysia and hosted a luncheon with Tan Sri JJ, Special Envoy to the U.S. Additionally, the mission included a reception co-hosted by MIDA. Reception participants came from public and private sector and included various representatives of Malaysian civil society.
Companies participating on the delegation included 21st Century Fox, Abbvie, Ace, Caterpillar, Coca-Cola, ConocoPhillips, General Electric, General Motors, Guardian, IBM, Intel, Johnson & Johnson, MasterCard Worldwide, Mead Johnson Nutrition, Oracle and Visa.
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