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‘Malaysia can seal high-value investments despite Gaza stance’

‘Malaysia can seal high-value investments despite Gaza stance’

14 Nov 2023

Malaysia can still seal high-value investments from Asia-Pacific Economic Cooperation (Apec) members despite its stance on the Palestine-Israel conflict, said political pundits.

They believe that with the presence of Prime Minister Datuk Seri Anwar Ibrahim at the meeting, it was anticipated that Malaysia would play a prominent role, with a focus on capturing high-value investments in the digital industry, green industry as well as the halal economy sector.

“Our aim is to also secure substantial investments in these three fields,” said political analyst Dr Ainul Adzellie Hasnul.

He said Malaysia’s forthrightness on Israel’s illegal occupation would not impact its relations with Apec members.

He added that this was contributed by Malaysia being a forward-thinking nation positioned to attract a greater influx of investors.

Ainul, however, was not convinced that Anwar could convince other leaders at Apec to call for an immediate ceasefire in Gaza.

“Considering that the host (of the Apec meet), the United States, opposes a ceasefire and supports Israel, I hold reservations about the extent of influence that can be exerted.

“Nonetheless, Malaysia’s commitment to its principles remains steadfast.”

Nusantara Academy for Strategic Research senior fellow Dr Azmi Hassan said the meeting presented a valuable opportunity for Anwar to engage with Western companies to showcase Malaysia as an ideal investment destination.

“However, Apec has evolved beyond its original economic focus for the past few years, where geopolitics have taken centre stage, particularly in the wake of the US-China trade war.

“The meeting has also been increasingly used as a platform for the US to criticise China, shaping the discussion in a more geopolitical direction.”

In contrast with Ainul, Azmi said Anwar should also address the Palestine-Israel conflict during the meeting as Malaysia was the only member that was vocal on the cause.

“Malaysia, being among the most vocal Apec members in raising concerns, has a unique opportunity, especially as the meeting is being held in the US with President Joe Biden in attendance.

“Given that the US has used Apec to criticise China, Anwar does not need to bash anyone, but he can use this platform to elucidate the real issues in Gaza, focusing on the people affected.

“This presents a significant opportunity for Malaysia to explain its position, express support for Palestine and clarify the reasons behind it.”

Anwar will be attend the 30th Apec Economic Leaders’ Meeting from today to Thursday.

Source: NST