KUALA LUMPUR: The Ministry of Investment, Trade and Industry (MITI) has managed to secure RM6.6 billion of potential Foreign Direct Investment (FDI) and RM700 million of potential exports via its recent trade and investment mission to Japan.
With RM23 billion potential investment and RM2.1 billion potential exports previously secured from the first mission in June, both missions to Japan have secured a total of RM29.6 billion potential investment and RM2.8 billion potential exports this year.
Facilitated by MITI's agencies, the Malaysian Investment Development Authority (MIDA) and the Malaysian External Trade Development Corporation (Matrade), this mission was held concurrently with the ASEAN-Japan Commemorative Summit where Malaysia's delegation was led by Malaysia's Prime Minister, Datuk Seri Anwar Ibrahim.
"The recent announcement of RM29.6 billion in potential investments and RM2.8 billion potential exports from Japan reflect the strong, long-standing, mutually beneficial relationship between Malaysia and Japan in trade and investments. What is equally important is that many of these new investments are from our target sectors, including renewable energy, electrical and electronics, chemical and digital economy, in line with our New Industrial Master Plan's (NIMP2030) missions and intended outcomes," MITI Minister Tengku Datuk Seri Zafrul Aziz said in a statement.
