Malaysia Targets European Technology and Investment Cooperation by 2027
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Malaysia is currently actively working to attract more investment from European countries. This effort is aimed at achieving the goals of a Free Trade Agreement (FTA) which is expected to be completed by June 2027.
Minister of Investment, Trade and Industry, Datuk Seri Tengku Zafrul Aziz, stated that Malaysia's main focus is to secure technology transfers from European companies. This step is crucial for enhancing the capabilities of local industries in more advanced sectors.
In addition to technology, Malaysia also wants to develop a highly skilled workforce. Through this cooperation, the government hopes to create more job opportunities that offer better wages for Malaysians.
This agreement is seen as a strategic move to strengthen economic ties between Malaysia and the European Union. It not only benefits the country's economic growth but also helps Malaysia become a competitive technology hub in the Southeast Asian region.
Overall, the government is optimistic that this international cooperation will bring positive changes to the job market and the country's industrial progress over the next few years.
Sources: NST Online
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