Ratify trade pacts to increase FDI, external trade, says DAP MP

[superadmin]

PETALING JAYA: Former deputy international trade and industry minister Ong Kian Ming has urged the government to ratify two partnerships to increase foreign direct investment (FDI) and external trade.

The partnerships are the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Stressing that it is his personal opinion, the DAP MP for Bangi said this would send a strong signal that Malaysia was indeed open for business and serious in its efforts to attract FDI.

“At the same time, this will strengthen our industrial base, with complementary domestic policies such as our Industry 4WRD or Industry 4.0 plan,” he said in a statement.


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