Malaysia - Spain MoU for tech-related cooperation - MIDA | Malaysian Investment Development Authority
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Malaysia – Spain MoU for tech-related cooperation

Malaysia – Spain MoU for tech-related cooperation

01 Mar 2023

Malaysia is ready to welcome investments from technology-related industry players participating in the Mobile World Congress (MWC) 2023, especially in the field of Science, Technology and Innovation (STI).

Science, Technology and Innovation Minister Chang Lih Kang said Malaysia is an investment destination seeking to expand its market share in the digital economy, which in turn will translate to an increase in trade and business opportunities.

In this regard, the Ministry of Science, Technology and Innovation (MOSTI) is scheduled to sign a Memorandum of Understanding (MoU) between the Malaysian and the Spanish governments in the field of STI tomorrow.

The MoU is expected to enhance cooperation between the two countries and their science and technology ministries, particularly in the STI industry.

“With the signing of the MoU, both countries will explore further cooperation in STI including biotechnology, space sciences, emerging technology, and energy efficiency, among others,” he told Bernama on the sideline of MWC 2023 here.

Meanwhile, Chang highlighted that MOSTI’s participation in MWC 2023 has opened up opportunities for further exploration of Artificial Intelligence (AI) regulations and ways to impose AI ethics, which refers to a broad collection of considerations combining safety, security, human concerns and environmental issues.

“We also had very fruitful discussions in understanding the emerging technologies in telecommunications and the acceleration of digital transformation, as well as the AI regulations framework,” he said.

According to Chang, MOSTI has launched the Malaysia National AI Roadmap 2021-2025 aimed to create a self-sustaining AI innovation ecosystem guided by seven responsible AI principles.

“However, currently, there is no framework and limited guidelines on the implementation of responsible AI principles in Malaysia,” he added.

In the meantime, Chang said MOSTI is continuously finding ways to ensure that the regulatory ecosystem as a whole is effective and coherent in the face of new challenges.

“Malaysia is ahead of the curve at this point, thanks to expert advice and collaborations with local agencies and tech companies.

“Huawei Technologies is one of the companies at the forefront of this effort in delivering the vision that will help us create a digitalised Malaysia.

“Huawei’s collaborations with an agency under MOSTI, Technology Park Malaysia Corp, to develop the Malaysian Research Accelerator for Technology & Innovation (MRANTI) e-Services platform to accelerate technology commercialisation, enhance local innovation and develop technology, should be commended,” he added.

Source: Bernama