Azmin on trade, investment mission in Europe
INTERNATIONAL Trade and Industry Minister Mohamed Azmin Ali is on a trade and investment mission in Frankfurt, Germany, to strengthen economic relations between Malaysia and economic powerhouses in Europe.
The mission will take place from October 13 to 21, and cover France and the United Kingdom (UK), said the International Trade and Industry (Miti) in a statement.
“The mission will target companies that are pioneers in automotive, electrical and electronics, medical devices, high-tech industries and smart manufacturing, and trailblazers in digital trade, the green agenda and sustainable development not only in Europe, but also worldwide.
“These countries have also outlined policies and strategies to achieve a net zero greenhouse gas emission target by 2050, aligned with the 12th Malaysia Plan (12MP) aspirations.”
Azmin is accompanied by senior ministry officials on the mission, which aims to demonstrate Malaysia’s business-friendly policies and capabilities in strategic areas, such as sustainability, high-end manufacturing and Industry 4.0.
He will be sharing information on the 12MP, National Recovery Plan and National Investment Aspirations.
Azmin is expected to meet the German Association Materials Management, Purchasing and Logistics e.V., which has a membership of more than 9,000 logistic players in Europe and Germany.
He is scheduled to meet global automotive leaders Porsche AG and Daimler AG, which have made strides in electric vehicle development.
Germany was Malaysia’s largest trading partner and second-largest source of foreign direct investments (FDI) among European Union (EU) member states last year.
From January to August this year, overall trade with Germany reached RM35.45 billion, with exports and imports amounting to RM18.75 billion and RM16.70 billion, respectively.
France was Malaysia’s fourth-largest trading partner and third-largest source of FDIs last year.
From January to August this year, overall trade with France reached RM8.37 billion, with exports and imports amounting to RM3.64 billion and RM4.73 billion, respectively.
The UK was Malaysia’s 18th-largest trading partner globally last year. Total trade between the two countries in the first eight months of this year reached RM11.19 billion, with RM6.52 billion exports and RM4.67 billion imports. – Bernama
Zahid free to fly for medical treatment after two courts allow temporary return of passport
Monday, 11 Oct 2021 3:51 PM MYT
Earlier Monday (Oct 11), Shah Alam High Court judge Justice Mohd Yazid Mustafa had allowed Ahmad Zahid’s application for the temporary return of his passport.
Ahmad Zahid’s lawyer, Datuk Ahmad Zaidi Zainal, had said that the temporary release of the passport would not affect Ahmad Zahid’s next trial date, which is on Oct 22.
A similar application was made on Oct 7 by lawyer Hamidi Mohd Noh, who is part of Ahmad Zahid’s defence team, before the Kuala Lumpur High Court.
He had informed Kuala Lumpur High Court judge Justice Collin Lawrence Sequerah then that Ahmad Zahid needed to get treatment from a leading specialist in Munich for his back and neck pain.
On Monday afternoon (Oct 11), the Kuala Lumpur High Court also allowed Ahmad Zahid’s application for the temporary release of his passport.
Justice Sequerah however imposed a condition that Ahmad Zahid must have a second bailor.
“The application is allowed with the condition of extra surety for the bail and also to clarify the purpose (for the temporary release of passport) is for the surgery and he (Ahmad Zahid) is confined to Germany alone,” the judge said.
Hamidi said a friend of Ahmad Zahid, who was present in court, was ready to step up as the second bailor.
The submissions in Ahmad Zahid’s graft trial involving millions in funds from Yayasan Akalbudi continued this afternoon before Justice Sequerah. THE STAR / ANN
THE MALAYSIAN INSIGHT / ANN