{"id":12395,"date":"2021-11-18T14:27:02","date_gmt":"2021-11-18T06:27:02","guid":{"rendered":"https:\/\/newmalaysiatimes.com\/?p=12395"},"modified":"2021-11-18T14:27:04","modified_gmt":"2021-11-18T06:27:04","slug":"malaysia-us-aim-to-sign-supply-chain-linked-cooperation-in-early-2022","status":"publish","type":"post","link":"https:\/\/newmalaysiatimes.com\/?p=12395","title":{"rendered":"Malaysia, US aim to sign supply chain-linked cooperation in early 2022"},"content":{"rendered":"\n

KUALA LUMPUR, Nov 18 — Malaysia and the United States (US) intend to begin discussions on a memorandum of cooperation (MoC) pertaining to supply chain issue, with a goal of signature in early 2022.<\/p>\n\n\n\n

\u201cGiven Malaysia\u2019s critical role in global supply chains for semiconductors, electronics, health products,\u00a0and other key goods, this announcement is an important first step in collaborating on current and long-term supply chain challenges for both our nations and the global economy,\u201d according to a joint statement issued by Senior Minister cum Minister of International Trade and Industry (MITI)\u00a0Datuk Seri Mohamed Azmin Ali and US Secretary of Commerce Gina M. Raimondo.<\/p>\n\n\n\n

According to the joint statement, Azmin and Raimondo had co-hosted a semiconductor roundtable today in conjunction with the latter\u2019s visit to Malaysia.<\/p>\n\n\n\n

It said both MITI and the US Department of Commerce planned to collaborate with industry partners on semiconductor supply chain transparency, security\u00a0and resilience.\u00a0<\/p>\n\n\n\n

\"supply<\/figure><\/div>\n\n\n\n

\u201cThe two countries will also work together with the US and Malaysian industry partners to develop more transparency and trust in the manufacturing and manufacturing-related sectors and their supply chains,\u201d it said.<\/p>\n\n\n\n

Azmin and Raimondo said in bolstering long-term competitiveness, Malaysia\u2019s National Investment Aspirations (NIA) would drive comprehensive reforms that promote enablers of high value, high technology, knowledge, capital, skills-intensive and high-income employment.\u00a0<\/p>\n\n\n\n

\u201cIn this spirit, we aspire to collaborate in areas where a mutually beneficial supply structure exists between Malaysia and the US.<\/p>\n\n\n\n

\u201cThese include, but are not limited to, climate change mitigating products, digital trade, medical devices, and electronics,\u201d they said.<\/p>\n\n\n\n

Further, both parties said Malaysia had identified the energy and environment industry as a strategic sector that would strengthen the key foundations of sustainable growth.\u00a0<\/p>\n\n\n\n

\u201cAs such, we believe a strong US-Malaysia partnership would help both our countries achieve the maximum potential for robust mutual growth,\u201d they added.<\/p>\n\n\n\n

Touching on Malaysia\u2019s human resource capacity, they said it provided a strong basis for collaboration in high-impact, high-tech investment in tandem with the US\u2019 technological advancement in this area. <\/p>\n\n\n\n

\u201cWe would like to see enhanced collaboration and information sharing platforms that would provide better transparency and effective engagements in advancing efforts of common interest,\u201d they said.<\/p>\n\n\n\n

Azmin and Raimondo said they supported the strong commercial relationship between the two countries through enduring trade, investment, industry facilitation, and technical cooperation. <\/p>\n\n\n\n

\u201cWe aspire to further strengthen this relationship by creating linkages between our governments and private sectors while navigating our economies past the devastating effects of the COVID-19 pandemic. <\/p>\n\n\n\n

\u201cWe believe that trade, investment, and sustainable supply chains will be the building blocks in restoring our economies back on a growth trajectory,\u201d they said.<\/p>\n\n\n\n

NMT<\/a> as reported by Bernama<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

KUALA LUMPUR, Nov 18 — Malaysia and the United States (US) intend to begin discussions…<\/p>\n","protected":false},"author":1,"featured_media":12396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,524],"tags":[],"class_list":["post-12395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-nation"],"featured_image_urls":{"full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/11\/Screen-Shot-2021-11-18-at-14.23.39.png",579,317,false],"thumbnail":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/11\/Screen-Shot-2021-11-18-at-14.23.39-150x150.png",150,150,true],"medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/11\/Screen-Shot-2021-11-18-at-14.23.39-300x164.png",300,164,true],"medium_large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/11\/Screen-Shot-2021-11-18-at-14.23.39.png",579,317,false],"large":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/11\/Screen-Shot-2021-11-18-at-14.23.39.png",579,317,false],"1536x1536":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/11\/Screen-Shot-2021-11-18-at-14.23.39.png",579,317,false],"2048x2048":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/11\/Screen-Shot-2021-11-18-at-14.23.39.png",579,317,false],"newsium-slider-full":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/11\/Screen-Shot-2021-11-18-at-14.23.39.png",579,317,false],"newsium-featured":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/11\/Screen-Shot-2021-11-18-at-14.23.39.png",579,317,false],"newsium-medium":["https:\/\/newmalaysiatimes.com\/wp-content\/uploads\/2021\/11\/Screen-Shot-2021-11-18-at-14.23.39.png",579,317,false]},"author_info":{"info":["Editor"]},"category_info":"Economy<\/a> Nation<\/a>","tag_info":"Nation","comment_count":"0","_links":{"self":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/12395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12395"}],"version-history":[{"count":1,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/12395\/revisions"}],"predecessor-version":[{"id":12397,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/posts\/12395\/revisions\/12397"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=\/wp\/v2\/media\/12396"}],"wp:attachment":[{"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newmalaysiatimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}