Speechs in the year
Tarikh/Date	:	12/08/2003
Versi 		:	ENGLISH
Penyampai       :       PM  	    

             I am greatly honoured to have the opportunity
   to  address  this distinguished business  community  of
   2.    We  are  here  to explore and  develop  with  the
   Algerian business community ways and means for Malaysia
   and  Algeria  to enhance bilateral economic  and  trade
   3.    As  the  exchange  of  visits  can  significantly
   contribute   to  the  achievement  of  this  objective,
   together  with me today are Malaysian business  leaders
   and  delegates  who are keen to meet and  discuss  with
   potential Algerian partners on a wide range of business
   collaboration   and  opportunities.  I  hope   Algerian
   businessmen  and  members  of  the  Malaysian  business
   delegation  have taken full advantage of the individual
   business meetings arranged during this visit.
   4.    In  Malaysia,  you  have  a  partner  that  fully
   appreciates  the importance of developing international
   business  relations. Malaysia is also an  economy  that
   has  undergone  several fundamental changes  since  its
   independence  in 1957. It is also a resilient  economy,
   having endured and rebounded from several downturns  in
   the  past.  It is now poised to face future  challenges
   brought about by the rapidity of globalization. This in
   part,  will  be  achieved through  the  development  of
   strong mutually beneficial relations with its partners.
   Hence, our presence here.
   5.    Malaysia  had  achieved a strong economic  growth
   over  the  period  1988-1997 prior to  the  East  Asian
   financial crisis, averaging more than eight percent per
   annum.    While   Malaysia  experienced   an   economic
   contraction in 1998 of 7.4 percent due to the impact of
   the crisis, its economy has, however, recovered quickly
   to register growth rates of 6.1 percent in 1999 and 8.3
   percent  in  2000.   The global economic  slowdown  and
   Sept. 11 in 2001 had again affected Malaysia's economic
   growth and in that year Malaysia registered a real  GDP
   growth of only 0.4 percent.
   6.    With  the  improvement in the global  economy  in
   2002,  Malaysia was able to record a GDP growth of  3.5
   percent.  In tandem with anticipated improvement in the
   global  economy  and  as a result of  various  measures
   recently  initiated to further stimulate  the  economy,
   Malaysia's  GDP  growth for 2003  is  forecast  at  4.5
   7.    Malaysia's economy is private-sector driven  with
   the  Government contributing by putting  in  place  the
   necessary  policies, infrastructure and legal framework
   to provide a conducive and pro-business environment for
   the  private sector to operate.  This is to ensure that
   the  private  sector can continue  to  be  the  primary
   engine  of  economic  growth.   Through  the  Malaysia-
   Incorporated Policy which has been adopted more than  a
   decade  ago,  we are able to create a smart partnership
   between  the government and private sector  to  achieve
   mutual benefit and help develop our country.
   8.     Over  the  years,  the  Malaysian  economy   has
   transformed  from being agriculture-based to  a  modern
   industrial  economy.  Eighty-two percent of our  export
   of  some  90  billion U.S. Dollars is now  made  up  of
   manufactured goods.
   9.    Industrialisation has taken Malaysia from  import
   substitution  to export oriented, from labor  intensive
   to capital intensive and value-added industries and now
   to  knowledge-based industries.  We believe the  future
   lies  in the knowledge based economy where the  key  to
   wealth  and  job  creation  are  the  extent  to  which
   information,  ideas,  innovations  and  technology  are
   embedded in all sectors of the economy.
   10.   In line with efforts to develop a knowledge-based
   economy, Malaysia is actively promoting the development
   of  the information and communication technology  (ICT)
   industry.  Malaysia has also established the Multimedia
   Super  Corridor (MSC) for companies wishing to  develop
   creative IT and multimedia products and services.
   11.   The  MSC  is  equipped with high-capacity  global
   telecommunication and logistics infrastructure built on
   2.5  gigabytes  to  10 gigabytes  optical  fibre.   The
   Government  has  put in place broadband  infrastructure
   and the necessary incentives, policies and cyberlaws to
   serve investors in the MSC.  To date, there are 905 MSC-
   status companies with capital investments amounting  to
   3.6 billion U.S. Dollars.
   12.   Promoting foreign direct investment (FDI) remains
   an  important  strategy for generating  and  sustaining
   Malaysia's  economic growth. Malaysia provides  a  cost
   competitive  environment  for  foreign  investors.  The
   Malaysian Government continues to be business  friendly
   to both local and foreign investors.  I believe Algeria
   has  also taken a similar path to attract FDI into  its
   manufacturing  sector  and  reduce  its   reliance   on
   petroleum  earnings. There is much that  we  can  learn
   from each other in this regard.
   13.  In Malaysia, the priority industries identified by
   the  Government include higher-end electronic products,
   medical   devices,   engineering  support   industries,
   automotive  components, biotechnology, pharmaceuticals,
   manufacturing  related services such  as  research  and
   development, product design and development, marketing,
   distribution  and logistics, international  procurement
   and other support functions.
   14.  Malaysia continues to be competitive in the global
   economy  by further diversifying its economy  into  the
   services  sectors.   In  recent  years,  Malaysia   has
   successfully  marketed services such  as  construction,
   healthcare, education and tourism to many parts of  the
   world.   Malaysian companies have developed skills  and
   expertise   in   the  construction  of   infrastructure
   facilities, housing, seaports and airports,  roads  and
   railways,  water  treatment plants,  power  plants  and
   telecommunication.  They have successfully  implemented
   construction  projects in West  Asia,  East  Asia,  the
   Indian  Sub-continent  as well  as  Africa.   They  are
   especially active in the oil and gas industries.
   15.   Education is rapidly becoming a major contributor
   to  the  economy  of  the  country  as  Malaysia  gains
   recognition  as  a  major centre for education  in  the
   Asian  region. Malaysia offers quality higher-education
   at  affordable fees.  In addition to locally  developed
   programmes  that  are  internationally  recognized,   a
   number  of  Malaysian universities  and  colleges  also
   provide  twinning  programmes with American,  Canadian,
   British and Australian universities.  In 2002, a  total
   of  36,452  foreign students studied  in  Malaysia  and
   28,015  or  76  percent of those  students  studied  at
   higher  learning  institutions of  Malaysia.   Only  44
   students from Algeria enrolled to study in Malaysia  in
   2002.   We  welcome  more Algerian students  to  pursue
   higher  education in Malaysia.  The cost is a  fraction
   of  that  in  Europe or America but the  standards  are
   16.   While  we  search  for  new  avenues  of  growth,
   merchandise  trade will continue to feature prominently
   in  Malaysia's  economy.  Malaysia  is  the  eighteenth
   largest trading nation in the world and conducts  trade
   with  more  than  230 countries and  regions  globally.
   Malaysia's  total  trade in 2002 was  valued  at  173.2
   billion  U.S.  Dollars  with  exports  amounting   93.3
   billion  U.S.  Dollars and imports  79.9  billion  U.S.
   17.   We are one of the largest exporters of electrical
   and  electronic products in the world.  Among the major
   electrical and electronic products exported by Malaysia
   are  integrated  circuits,  automatic  data  processing
   machines,  parts  and accessories for office  machines,
   telecommunication   parts  and  equipment,   electrical
   switcher   relays  and  circuits,  audio   and   visual
   recorders household appliances and radio and television
   receivers.  Exports of these products in 2002  amounted
   to  52.1  billion  U.S. Dollars,  accounting  for  55.9
   percent  of  Malaysia's  total global  exports.   Other
   major  products  which  Malaysia produces  and  exports
   include chemicals and chemical products, machinery  and
   equipment, palm oil, crude petroleum, liquefied natural
   gas, wood products and rubber products.
   18.   It  is  recognised  that Algeria  is  the  second
   largest country in Africa after Sudan with a population
   of  32.3  million, which is larger than the 24  million
   population  of Malaysia.  Algeria is Malaysia's  second
   largest trading partner in Northern Africa, with  trade
   in  2002  amounting  to  116.1  million  U.S.  Dollars.
   Malaysia's exports to Algeria in 2002 was 113.6 million
   U.S.  Dollars and imports was 2.5 million U.S. Dollars,
   a gross imbalance which needs to be addressed.
   19.   Major  exports  to Algeria were  iron  and  steel
   products;  palm  oil; chemicals and chemical  products;
   veneer,  plywood and particle board; and textile  yarn.
   Main  import items from Algeria were crude fertilizers;
   fertilizers; and electrical distributing equipment.  We
   have   to  acknowledge  that  trade  between  our   two
   countries is still relatively small. I strongly believe
   that  this visit and the contacts between Algerian  and
   Malaysian  businessmen can help increase trade  between
   20.   Malaysian products are competitively  priced  and
   produced to meet the quality standards of international
   markets.   Products that could be sourced competitively
   from  Malaysia include household electrical appliances,
   medical products, telecommunication equipment, wood and
   rubber products and motor vehicles.
   21.   Malaysia is very keen to have a stronger presence
   in  the Northern African region.  This is in line  with
   the effort to encourage Malaysian businesses to tap the
   potential for trade among South countries which has not
   been explored to the fullest.
   22.   I  hope the Algerian business community would  be
   equally  open  to new areas of business  collaborations
   and,  together with the Malaysian businessmen,  explore
   opportunities in the emerging markets.  Businessmen  of
   both countries can also work together in accessing  the
   European  Union  and  other African  markets.   Algeria
   could  be  an  important  gateway  to  trade  with  the
   European  Union  and  with  the  rest  of  the  African
   continent.   As Algerian companies enhance their  long-
   standing  trade  relations  with  the  European   Union
   countries  such  as Italy, Spain and France,  they  can
   collaborate  with Malaysian companies in  sourcing  for
   competitive  quality  products  or  enter  into   joint
   ventures  in manufacturing to serve the European  Union
   as well as other markets in the region.
   23.   Algerian companies that are planning  to  venture
   abroad  are  welcome to explore business  opportunities
   available  in  Malaysia.  Apart  from  reasons  I  have
   already  outlined, Malaysia can also serve as a gateway
   for  Algerian  companies to access the ASEAN  and  East
   Asian markets.  Algerian businessmen and investors  can
   use  Malaysia  as a springboard to tap the  ASEAN  Free
   Trade Area, a regional market with a population of more
   than  half  a  billion  and a combined  G.D.P.  of  750
   billion U.S. Dollars.  Malaysia has a good track record
   as  a  manufacturing  and  export  base  for  both  the
   regional and global markets.  Malaysia also serves as a
   location   for   regional  operation  of   many   large
   24.   October  2003  would be  an  opportune  time  for
   Algerian  businessmen to visit Malaysia. In conjunction
   with  the 10th Session of the Islamic Summit Conference
   in  October  2003  that  will  be  held  in  Putrajaya,
   Malaysia,  several  parallel events will  be  organised
   that   will  bring  together  businesses  from  Islamic
   countries. Among these is the Expo OIC 2003 on 14 to 19
   October  2003 and the OIC Business Forum on  15  to  16
   October  2003.  Malaysia  is  pleased  to  welcome  the
   Algerian Government and its business community  to  the
   Summit  and  the business related events as  a  way  to
   enhance trade and investment linkages among OIC  member
   25.  Through participation in these events, it is hoped
   that businessmen from OIC countries, including Algeria,
   will  not only just exchange views and experiences  but
   would also be able to realise actual business deals.
   26.   The Governments of both countries have laid  down
   the  framework for closer economic cooperation  between
   us.  Now  it  is up to the private sector  to  actively
   create  and  capitalise on opportunities  available  in
   order   to  assist  both  countries  to  enhance  their
   economic relations.
   27.   Finally,  I  would  like to  express  my  sincere
   appreciation  to  the  Government  and  the  people  of
   Algeria   and  in  particular  the  Algerian   business
   community  for  the very warm welcome  and  hospitality
   extended  to my delegation and I.  I am confident  that
   this  mission will result in a stronger friendship  and
   partnership between Malaysia and Algeria.

   Sumber : Pejabat Perdana Menteri