Malaysia to draw RM200 billion investment with AEC: Hamim


TANGKAK, Nov 24  — Malaysia is expected to attract at least RM200 billion or 10 per cent of the total investment in Asean countries with the implementation of the Asean Economic Community blueprint next year, says International Trade and Industry Deputy Minister Datuk Hamim Samuri.

“With the implementation of the AEC, agreed to in 2007, Malaysia will also benefit from a market of 620 million people in the Asean countries,” he told reporters after the presentation of Quality Environment Practices (QE/5S) certification by the Malaysian Productivity Corporation here today.

Hamim said with the AEC harmonizing and standardizing intra-regional import and export procedures, government agencies and the private sector need to improve their competitiveness in order to attract investors through QE/5S practices.

Twelve organizations took part in a QE/5S training programme from April to October aimed at reducing wastage.