China provides Malaysia with good market: Malaysian PM

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Last updated at: (Beijing Time) Wednesday, December 10, 2003

China provides Malaysia with good market: Malaysian PM

The emergence of China as an economic powerhouse provides Malaysia with a good market, Prime minister Abdullah Ahmad Badawi has said.

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The emergence of China as an economic powerhouse provides Malaysia with a good market, Prime minister Abdullah Ahmad Badawi has said.

"It is something that we'd like to see as a good opportunity. China can provide us with a good market," the prime minister said Tuesday in an interview with a group of Japanese journalists on the eve of his departure to Japan.

"Of course we'll have to make sure that we develop our own niches and products that will be suitable and wanted by the China market," he said.

Therefore, the rising China should not create fear, he added.

The value of two-way trade between China and Malaysia stood at some 14 billion US dollars in the January-October period 2003, compared with a total of 10 billion US dollars for the whole year of 2002.

On bilateral relations with Japan, Abdullah said, "I would liketo continue not just with the good relations we have but to continue making efforts to deepen and expand bilateral relations between Japan and Malaysia."

Abdullah is travelling to Japan to attend the ASEAN-Japan Commemorative Summit on Thursday, his first appearance abroad after becoming Malaysia's fifth prime minister on Oct. 31.

The Association of Southeast Asian Nations (ASEAN), set up in 1967, now groups Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam.

He is also expected to have talks with his Japanese counterpart Junichiro Koizumi.

Discussions with Koizumi, Abdullah said, might also touch on matters pertaining to the enhancement of bilateral trade and investment.

Japan, the major trade partner of Malaysia, invested some 3 billion US dollars in various economic sectors of the country in the first six months this year.

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