Tengku Zafrul lists 3 top priorities to face 2023 global slowdown

 

Miti minister Tengku Zafrul Aziz said his ministry would look at the various trade agreements to ensure they were of real value to micro and small SMEs.

KUALA LUMPUR: International trade and industry minister Tengku Zafrul Aziz has listed three top priorities in light of the expected economic slowdown in 2023.

In a statement today, he said there was a need to ensure that trade continues to be a robust key growth driver; to restore investors’ confidence; and to look at the various trade agreements to ensure they were of real value to the supply chain, particularly the micro and small SMEs.

He said there was a need to increase foreign direct investments, which had been a key building block for economic resilience.

Leveraging on his previous experience at the finance ministry, and his past corporate experience, Tengku Zafrul said he would ensure his ministry continues to be the focal point to make Malaysia a preferred investment destination and among the globally most competitive trading nations.

Through the 2023 budget, Miti would propose the creation of a special investment fund to attract more high-value-added investments, providing highly paid jobs. - FMT