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MIDA works closely with economic representative to understand global counterparts needs

MIDA works closely with economic representative to understand global counterparts needs

06 Jul 2022

The Malaysian Investment Development Authority (MIDA) has been working with economic representatives such as chambers of commerce from different nations and valuable partners like Italia ASEAN to understand the needs of global counterparts and facilitate their business.

MIDA deputy chief executive officer (investment promotion and facilitation) Sivasuriyamoorthy Sundara Raja said ASEAN has been placing great priority on the region’s digitalisation transformation agendas such as the launching of the Bandar Seri Begawan Roadmap and the Consolidated Strategy on the 4IR for ASEAN to provide necessary policy direction for the region’s transformation. 

“Much support in terms of capacity building and technology transfer has also been garnered from advanced extra-ASEAN partners to help the region embrace and benefit from the 4IR (Fourth Industrial Revolution),” he said in a statement released in conjunction with the ‘High-Level Dialogue on ASEAN Italy Economic Relations’ today.

He said Italy is at the forefront of 4IR and digitalisation in many ways. 

“As one of the countries with the most high-tech companies, it reflects Italy’s capability in adopting advanced technology and digitalisation in their manufacturing and businesses.

“In this regard, technology transfers by Italian firms by setting up firms in ASEAN that offers vast markets and growth opportunities to the Italian firms is a mutually beneficial equation,” he said.

He said the one-day dialogue gave MIDA a wider opportunity to share a two-way conversation with the multiple industry players and understand their expectations from investment perspectives.

Organised by The European House in collaboration with MIDA and Italian Trade Agency, the dialogue is the reference event in the ASEAN region for strengthening economic and strategic ties between ASEAN member countries and Italy.

Source: Bernama