GE15 NEWS   Kudat Independent MP backs unity government | Hamas leader congratulates Anwar on appointment as PM | GRS will abide by Agong 's decision on formation of unity govt - Hajiji | Zahid, Wan Azizah, Loke win while Saifuddin, Rezal Merican lose | 
BUSINESS

Malaysia able can be main contributor to WTO agenda in economic growth, development

30/09/2022 09:41 PM

PUTRAJAYA, Sept 30 (Bernama) -- Malaysia, with its active involvement in the World Trade Organisation (WTO), has been seen as able to be the main contributor to the WTO agenda in terms of economic growth and development.

WTO director-general Dr Ngozi Okonko-Iweala conveyed this to Minister of Domestic Trade and Consumer Affairs Datuk Seri Alexander Nanta Linggi during their meeting in Geneva, Switzerland today.

In a statement issued in conjunction with the meeting, Nanta said Iweala also congratulated Malaysia for its relatively intact and robust economic performance.

“The meeting was beneficial and useful as we also touched on various issued related to WTO’s contribution to Malaysia’s economic growth and development,” he said.

On world hunger which has reached a critical juncture due to the pandemic and the rising food insecurity the world is facing, Nanta said Malaysia welcomed WTO initiatives in ensuring a sufficient supply of essential items and that they were being sold at reasonable prices.

“It is believed to be able to help countries like Malaysia in alleviating the financial burden of the people through distribution of subsidies for food items.

“Prices of goods will record a decline, with a good trade flow and supported by a facilitating network, hence giving benefits to the people,” Nanta said.

The minister also said that the WTO initiative that suited Malaysia most was the initiative on electronic commerce or e-commerce.

“This is because the pandemic has triggered a change in transactions by users. Therefore, this e-commerce initiative will definitely help Malaysia to regulate this sector accordingly, besides not hampering the growth of the industry,” he said.

-- BERNAMA

 

 

 

 

 


BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on the Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on the FM93.9 (Klang Valley), FM107.5 (Johor), FM107.9 (Kota Kinabalu) and RM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2022 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy