Minister of Economy, Trade and Industry Hiroshi Kajiyama held talks with the Malaysian Minister of International Trade and Industry Mohamed Azmin Ali and discussed measures to increase the productivity of Malaysia’s manufacturing industry using digital technology. Following the discussion, the Japan External Trade Organization (JETRO) and Malaysia External Trade Development Corporation (MATRADE) signed a memorandum that includes the promotion of digital transformation.
At the Cabinet-level talks, the ministers discussed topics such as possible measures to encourage Japanese companies to invest and conduct business in Malaysia.
Malaysia’s nominal gross domestic product (GDP) per capita is the third highest of the countries in Association of Southeast Asian Nations (ASEAN). The business environment is relatively well-developed, with multilingual support and infrastructure such as power and transportation in good condition. About 1,500 Japanese companies have a presence in Malaysia.