Oleh/By		:	DATO' SERI DR. MAHATHIR BIN MOHAMAD 
Tempat/Venue 	:	CHILE  
Tarikh/Date 	: 	29/09/97 
Tajuk/Title  	: 	THE OFFICIAL DINNER HOSTED BY H.E. 
			EDUARDO FREI PRESIDENT OF THE 
			REPUBLIC OF CHILE 



  1.    Let  me  thank you Mr President, for your  very  kind
  words  of  welcome.  Allow me to express on  behalf  of  my
  wife  and  members of my delegation my sincere  thanks  and
  appreciation   for  the  warm  reception  and   hospitality
  accorded  to  me  and members of my delegation.   It  is  a
  privilege  and  joy to return to Chile and to  witness  the
  tremendous  changes taking place in your country  since  my
  last visit in 1991.
  
  2.     I  must  congratulate  you  Mr  President,  for  the
  economic  success that Chile is experiencing  today.   Your
  sustained   economic   growth  proves   that   hard   work,
  determination  and sound economic policies  that  are  best
  suited to your own needs are the key factors that make  the
  difference  between success and failure.  Today  Chile  can
  stand  tall among the Latin American economies.   You  have
  even  become  a  role model for others in the  region.   Mr
  President,  I  am  sure  that all this  has  been  possible
  because  of  your able leadership and the vision  that  the
  government and the people of Chile share.
  
  3.     The  encouraging  progress  made  in  our  bilateral
  relations  since  my last visit here is  nothing  short  of
  inspiring.   I  remember how hard it was  to  convince  and
  persuade  Malaysian  businessmen to come  and  do  business
  with  their  Chilean counterparts in the past.   There  was
  simply  no awareness among the Malaysian business community
  as   to  what  Chile  could  offer.   Today,  however,  the
  situation is very different.  Malaysian businessmen  travel
  to  Chile  often  to  seek  out  opportunities  in  various
  sectors  of the economy.  Chile is a country they  want  to
  invest  in.  Distance and language are no longer  cited  as
  obstacles to trade and investment in Chile.
  
  4.    Our bilateral trade continues to grow as both parties
  seek  ways to expand the range of products that we can  buy
  and  sell to each other.  Although the balance of trade  is
  in  Malaysia's  favour for the first time,  the  volume  of
  trade  has increased on both sides.  It fills me with pride
  when   I  see  Proton  cars  on  the  streets  of  Santiago
  competing effectively with other makes of cars.  To date  I
  am  told  we have exported more than 1000 units of the  car
  to  Chile  and  we have captured 4 percent of  the  market.
  Edificio  Malaysia  which  houses  the  Malaysian   Embassy
  reminds me that Malaysia has indeed achieved staying  power
  in  Chile.  But let us not rest on our laurels.  We need to
  move  ahead  as  there is so much more we  can  accomplish.
  There  is  a  real need to establish direct shipping  links
  between   Malaysia   and  Chile.   I  urge   the   business
  communities  of  both  countries to  seriously  study  this
  project  and  make  an  effort to  set  up  this  important
  linkage,  which  can  help  to reduce  costs  and  increase
  trade.  When direct airlinks are established between  Kuala
  Lumpur   and   Santiago  next  year,  greater  windows   of
  opportunities in tourism and trade will become available.
  
  5.    I  am told that most Chileans still think of Malaysia
  as  the  country of Sandokan and tigers.  True --  Malaysia
  still  has  much to offer by way of its pristine beauty  in
  its  foliage and flora but we have also made great  strides
  in  other  areas.  Eighty percent of our exports today  are
  manufactured  products.  Malaysia is  the  world's  largest
  producer of room air-conditioners and semi-conductors.   We
  are   also  the  world's  leading  producer  of  palm  oil.
  Malaysian  furniture can be found in houses  all  over  the
  world.   We  have even begun in making electronic  products
  under our own brand name MEC.  The company is studying  the
  possibility  to setting up a distribution centre  in  Chile
  to   market  these  products  which  augurs  well  for  our
  bilateral relations.
  
  6.     Malaysia  stands  ready  to  extend  the   hand   of
  friendship  and cooperation to Chileans who would  want  to
  find  a  niche  for  themselves in  our  very  dynamic  and
  growing  ASEAN region.  To those of you who  wish  to  make
  inroads  in  our  part of the world,  I  suggest  you  make
  Malaysia  the base of your operations.  We can provide  you
  with   all   that  you  need  given  Malaysia's   strategic
  geographic location.
  
  7.    Our  Multimedia Super Corridor or MSC as it  is  more
  commonly  known  covering 750 square  kilometres  extending
  south  from  Malaysia's present national capital  of  Kuala
  Lumpur  can  offer  you the latest  in  state  of  the  art
  technology.   In broad terms, the MSC is a  gift  from  the
  Malaysian  Government  to technology developers  and  users
  seeking  to expand their Asian presence.  I would encourage
  some   of   your  telecommunications  companies   to   take
  advantage  of  our  generous facilities and  incentives  in
  this corridor to set up companies there.
  
  8.    If  we  the countries of the South stand together  we
  can  indeed determine our own destiny.  In this  post  cold
  war  world, the tendency is for the powerful to dictate the
  way  the weak should govern themselves.  Already there  are
  many examples where developing countries have been made  to
  serve  the  vested interests of others more  powerful  than
  them.   The  latest  example is  in  Southeast  Asia  where
  currency  speculation by rogue manipulators  brought  about
  disastrous consequences on the strident economies of  these
  countries.
  
  9.    All  the  progress  that we have built  painstakingly
  over  the years nearly came to naught by the actions  of  a
  powerful few.  The rich of course can defend their  actions
  by  repeating their favourite mantra that this  is  nothing
  but  a  reaction to market forces and that like all  things
  would  pass.  But we the developing countries are the  ones
  who   have   to   live  with  the  consequences   of   such
  irresponsible actions.
  
  10.   Individually we will not be able to fight such unjust
  actions  by  the  rich and powerful.  But collectively  and
  united  in  a  single purpose we can at least stand  up  to
  them.   That  is why I believe that organisations  such  as
  ASEAN,  the  G-15  and NAM hold the key to  our  collective
  strength.    Malaysia  and  Chile  through   their   common
  membership in the G-15, APEC and NAM must work together  to
  ensure  that our rights are not only defended but  enhanced
  as  well.   We the South must pull together if  we  do  not
  wish to remain subject nations.
  
  11.   Please  allow me to once again reiterate  my  sincere
  thanks  and  appreciation to you, the  Government  and  the
  people  of  Chile for the very warm welcome and hospitality
  rendered  to  my wife and I and the entire  delegation.   I
  hope to return your hospitality when you visit Malaysia  in
  November  for the G-15 Summit.  My wife and I look  forward
  to welcoming you and Madame Frei in Kuala Lumpur soon.   

  
                                      
 
 



 
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