HONG KONG – The just-signed ASEAN-Hong Kong Free Trade Agreement (FTA) will enable Malaysia to attract more Hong Kong investors to its shores, says Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.
With the agreement in place, it would not only mark the beginning of great business ties between Hong Kong and ASEAN countries but also make Hong Kong an export hub for Malaysian products into China and other countries.
“With the FTA in place, many incentives will be offered by the Ministry of International Trade and Industry and the Malaysian Investment Development Authority to encourage more Hong Kong investors to invest in Malaysia,” he told a press conference upon his arrival in Hong Kong on Monday.
Ahmad Zahid is scheduled to deliver a keynote address at the two-day Ninth World Chinese Economic Summit (WCES) organised by the Asian Strategy and Leadership Institute.
He also said there were many areas that Hong Kong investors could explore, among others, the development of the Southern Perak Region as announced by Prime Minister Datuk Seri Najib Tun Razak in the 2018 Budget recently.
Najib said the government would allocate RM1 billion to promote economic growth in the five main economic corridors which also included the development of the Southern Perak Region, Bukit Kayu Hitam Duty-Free Zone, port and industrial park in Tok Bali, Kelantan, and access road to Baleh Dam, Sarawak. – BERNAMA