Prime Minister Datuk Seri Anwar Ibrahim (centre) listening to the speech of Chinese Premier Li Qiang while attending the Malaysia-China business community luncheon on Thursday.

KUALA LUMPUR (June 20): The Ministry of Investment, Trade and Industry (Miti) has facilitated the exchange of 11 memoranda of understanding (MOUs) between Malaysian and Chinese entities, with total potential investment of RM13.2 billion.

Minister Tengku Datuk Seri Zafrul Abdul Aziz said the ministry is pleased to see the government-to-government collaborative spirit “cascading” to the private sector of both countries through the MOUs for numerous high-value sectors. “Miti looks forward to seeing these collaborations enhance our economy, including by increasing supply chain resilience, expanding trade in the services sector, and attracting high-quality investments, while also deepening human capital development and people-to-people ties,” he said in a statement on Thursday.

The MOU exchange took place in conjunction with the first official visit to Malaysia by Chinese Premier Li Qiang.

The ministry said the MOUs “reflect the continued confidence of the Chinese business community in the strength and sustainability of 50 years of diplomatic relations between Malaysia and China, while reaffirming Malaysia’s position as one of China’s key investment and trade partners in the Southeast Asian region”.

“The key MOUs involved several agencies under Miti, including the Malaysian Investment Development Authority (Mida), the Malaysia External Trade Development Corporation (Matrade), and the Export-Import Bank of Malaysia Bhd (Exim Bank Malaysia),” it added.

The MOU between Mida and China International Capital Corporation Ltd (CICC) aims to strengthen economic and industrial collaboration, focusing on enhancing investment opportunities in high-value sectors, and exploring supply chain integration within key industries in Malaysia and China.