KUALA LUMPUR: China is willing to share its experience in poverty reduction and rural revitalisation with Malaysia, as well as provide assistance to improve the well-being of Malaysians.
Prime Minister Datuk Seri Anwar Ibrahim and Chinese Premier Li Qiang said in a joint statement that the two sides also agreed to make good use of the Joint Working Group on Agricultural Cooperation to strengthen cooperation on agricultural modernisation and agricultural technology innovation.
In the statement, the leaders also agreed that China would import more high-quality agricultural, electrical, electronic, halal, and green products from Malaysia. This would be achieved through the participation of Chinese buyers in the International Sourcing Programmes organised by the Malaysia External Trade Development Corporation during international trade exhibitions in Malaysia, such as the Malaysia International Halal Showcase, Malaysia International Furniture Fair, and International Greentech and Eco Products Exhibition and Conference Malaysia (IGEM).
"On the other hand, China welcomes Malaysia to continue expanding exports to China through platforms such as the China International Import Expo and the China-Asean Expo."
The two leaders also affirmed that China and Malaysia would seize opportunities provided by the signing of the Belt and Road Cooperation Plan, further synergising development strategies, promoting integrated and coordinated development, and jointly deciding and launching mutually agreed projects.
Through the plan, both countries also aim to achieve deeper integration of industrial and supply chains, data chains and talent chains, further improving the level and quality of China-Malaysia cooperation.
Anwar and Li also agreed to strengthen cooperation in trade, investment, and infrastructure connectivity, including rail transportation and infrastructure cooperation.
They also stated that both countries would support and contribute to the realisation of the Pan-Asian Railway vision.
"The Chinese side supports Malaysia in promoting the development of domestic transportation, ports, and related logistics industries.
"Both sides will continue to work closely to promote key projects– including Malaysia's East Coast Rail Link and the 'Two Countries, Twin Parks' between China and Malaysia, further expand the trade scale, strengthen financial cooperation, encourage two-way investment, strengthen exchanges and cooperation in the field of intellectual property, and provide a good business environment for bilateral economic and trade exchanges," they said.
Malaysia also welcomed China's application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and reiterated that the CPTPP remained open to accession by economies that can satisfy the three Auckland Principles.
Meanwhile, Anwar and Li said the two countries would seize opportunities to develop new quality productive forces in the areas of digital economy, green development, AI and energy.
They agreed to explore cooperation in the advanced manufacturing industry, scientific and technological innovation, SME development, start-ups, as well as financial services, jointly develop and identify new areas for mutual synergy, and capitalise on existing cooperation and facilitation platforms.
"The Chinese side appreciates Malaysia for providing open and fair opportunities for Chinese enterprises to participate in the construction of Malaysia's 5G network.
"The two sides agree to carry out more exchanges and cooperation in the semiconductor value chain and maintain the stability of the industrial and global supply chains," they said.