AMCHAM: Malaysia-US bilateral ties strengthened by trade mission, IPEF
27 May 2022
The American Malaysian Chamber of Commerce (Amcham) welcomes the new investments worth RM16.52 billion announced by Senior Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali during his recent working visit to the United States recently.
The investments are a testament to the confidence that US industries have in Malaysia and also a commitment of both countries to developing an ecosystem that can meet global demand and a resilient supply chain.
Amcham chief executive officer Siobhan Das said it was a privilege to attend the meetings with Azmin in Washington.
“Amcham is encouraged by US companies’ confidence in Malaysia as a stable manufacturing hub to serve the global market, building on the existing 50 years being based in Malaysia.
“I am energised to be back in Kuala Lumpur and looking forward to continue our work with MITI and other ministries to ensure these investments are realised from the adoption of new technology, transfer of knowledge and job opportunities for Malaysians,” she said in a statement today in regard to the memorandum of cooperation on semiconductor supply chain resilience signed by Azmin and US Secretary of Commerce Gina Raimondo during the trade mission recently.
Amcham is further encouraged to see that Malaysia is part of the Indo-Pacific Economic Framework for Prosperity (IPEF) which is a group of 13 nations and offers opportunities to further strengthen the economic ties between Malaysia and the US.