KUALA LUMPUR: Malaysia is ready for the implementation of
the Asean Economic Community (AEC), driven by rapid growth in its small and
medium-sized enterprise (SME) industry, the key to the nation's economic
development.
The AEC's main objective is to
transform all 10 members of the Asean into a one-stop global investment centre
by 2015.
World Trade Institute external
consultant Dr Sufian Jusoh said as a centre bordering most Asean countries,
Malaysia had the advantage in terms of securing regional investment
opportunities at the early stage.
“Our SMEs may produce components
for other members countries as well as getting investors to come in to produce
other parts of the same products, which can be supported by SMEs here.
“I would say that we are ready to
be competitive because we have SMEs which are dynamic and we have conglomerates
like Axiata and Petronas that can work together with these SMEs,” he said at a
briefing on The Asean Comprehensive Investment Agreement (ACIA) forum.
He said Asean had the chance to
become the new hub of global investment and benefiting from economic
uncertainties in Europe and the United States. - Bernama
“We have 10 economic-diverse
countries, and if they work together, with 500 million domestic consumers, we
would manage to make Asean as a single destination for global investment,” he
said.
The forum, which will be held
here on Thursday, is expected to attract 200 participants.
Bernama
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