Miti: US trade and investment mission to prioritise hi-tech, high value investments

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KUALA LUMPUR, Nov 9 — The Ministry of Investment, Trade and Industry (Miti) has begun its trade and investment mission to the United States (US) from November 6 to13, covering...

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Miti said the mission will be led by its minister, Datuk Seri Tengku Zafrul Abdul Aziz, from November 8 onwards, with high-level representatives from the ministry and its agencies, namely the Malaysian Investment Development Authority and Malaysia External Trade Development Corporation . It noted that business meetings have been arranged with companies in sectors such as aerospace, chemical, electrical and electronic including semiconductors, pharmaceuticals, electric vehicles battery technology, medical equipment, life sciences, cloud services and logistics.

Miti said that in conjunction with the attendance of Prime Minister Datuk Seri Anwar Ibrahim at the Asia-Pacific Economic Cooperation Economic Leaders’ Week in San Francisco from November 14 to 18, there will also be business meetings arranged one-on-one with high-level representatives from companies such as Google, Enovix, Microsoft and TikTok.In 2022, the ministry shared that Malaysia-US bilateral trade stood at RM267.58 billion, representing a 23.3 per cent increase year-on-year from RM216.

 

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