Malaysia to benefit from Belt and Road Initiative

GMT 22:04 2016 Saturday ,19 March

Arab Today, arab today Malaysia to benefit from Belt and Road Initiative

The Belt and Road Initiative

Malaysia is to benefit from opportunities brought by China's Belt and Road Initiative, a senior Malaysian official said on Saturday.

The Belt and Road Initiative, namely the Silk Road Economic Belt and the 21st-Century Maritime Silk Road, which cover more than 60 countries with a total population of 4.4 bn, are set to bring opportunities to Malaysia, with a population of 30 m, said Ong Ka Chuan, second minister at the International Trade and Industry Ministry.

Ong told a forum that his country would actively participate in the Belt and Road Initiative, so that it will benefit its people from a huge market.

China is Malaysia's largest and one of its most important trading partners, he said.

In recent year, the two countries have achieved a trade volume of around 100 bn $, thanks to the joint efforts by the two governments and peoples.

Source: Xinhua

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