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Japan-M'sia high-level panel to boost Look East policy

Publication Date : 22-05-2014

 

The second wave of the 32-year-old Look East Policy (LEP) is fast getting off the ground with the setting up of a high-level committee between Malaysia and Japan.

The committee, which is to be set up soon, will reaffirm new areas of cooperation between the two countries under the policy, particularly in trade and investment and the development of small and medium enterprises (SMEs).

Malaysian Ambassador to Japan Shaharuddin Md Som said three technical committees had already been formed to fully realise the potential of the policy, which was first introduced in 1982.

They are the technical committee for strategic trade and investment, which is led by the Ministry of International Trade and Industry; the committee for educational institution and research and development (education ministry); and the committee for human capital deve­lopment, which is led by the public service department.

Speaking to Malaysian media ahead of Prime Minister Najib Tun Razak’s two-day working visit to Japan starting May 21, Shaharuddin said the second wave of the LEP was expected to further strengthen the already good relations between Malaysia and Japan.

“Malaysia and Japan have deve­loped an excellent relationship since the first diplomatic ties were formed 57 years ago.

“But there are still many potential areas of cooperation which have yet to be realised. We can realise the full potential of our ties by exploring new areas where we can work together,” he said yesterday.

Najib will arrive here today to attend the 20th Nikkei Conference, where he is expected to deliberate on Malaysia’s new economic model and the ongoing economic transformation programmes.

 

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