Latest news with #Malaysia-ItalyEconomicPartnershipRoundtable
The Sun
04-07-2025
- Business
- The Sun
Malaysia upholds free trade principles for economic growth
ROME: Malaysia continues to stand firm in its support for free and open trade as a foundation for sustainable and inclusive economic growth, Prime Minister Datuk Seri Anwar Ibrahim stated. Speaking at the Malaysia-Italy Economic Partnership Roundtable, Anwar emphasised the importance of global stability and cross-border collaboration in driving economic prosperity. The session, co-chaired by Anwar and Italian Deputy Prime Minister Antonio Tajani, gathered over 100 companies from both nations, spanning manufacturing, services, and trade sectors. 'This meeting underscores our shared dedication to expanding trade and investment opportunities between Malaysia and Italy,' Anwar said. He highlighted Malaysia's openness to foreign investment, efficient governance, and competitive economy as key factors attracting Italian businesses. The discussion also explored potential collaborations in renewable energy, digital economy, aerospace, and high-tech industries—sectors aligned with Malaysia's economic reform agenda. Anwar noted that active participation from leading firms signals strong prospects for high-impact bilateral partnerships. 'These strategic sectors offer immense potential for innovation and mutual growth,' he added.
Borneo Post
02-07-2025
- Business
- Borneo Post
Malaysia remains committed to principles of free, open trade, says Anwar
Anwar says the commitment was conveyed when he and Italian Deputy Prime Minister and Foreign Minister Antonio Tajani chaired the Malaysia-Italy Economic Partnership Roundtable session in Rome today. – Bernama photo ROME (July 2): Malaysia remains committed to the principles of free and open trade as the core to inclusive, sustainable and resilient economic growth. Prime Minister Datuk Seri Anwar Ibrahim said that in an increasingly challenging global landscape, international stability and peace are an important foundation for economic prosperity as well as cross-border synergy opportunities that the business community must fully exploit. He said the commitment was conveyed when he and Italian Deputy Prime Minister and Foreign Minister Antonio Tajani chaired the Malaysia-Italy Economic Partnership Roundtable session here today. The session brought together more than 100 companies from both countries, covering the manufacturing, services and trade sectors, as well as industry agencies and organisations. 'This session reflects a shared commitment to strengthen trade relations and open up wider strategic investment space between Malaysia and Italy,' said Anwar. According to the Prime Minister, this session also strengthened the confidence of Italian industry players in Malaysia's openness policy, efficient governance and economic competitiveness. He said the active participation of leading companies highlights the potential for higher-impact bilateral cooperation, centered on added value, innovation and mutual interests. It opens up broad prospects in strategic sectors such as renewable energy, carbon capture and storage technology, defence, digital economy, aerospace and high-tech industries, key areas that are pillars of the country's economic reform agenda, he added. – Bernama Antonio Tajani anwar ibrahim Malaysia-Italy Economic Partnership Roundtable
The Sun
02-07-2025
- Business
- The Sun
Malaysia and Italy boost economic ties with 100+ companies in roundtable
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim and Italian Deputy Prime Minister Antonio Tajani jointly chaired the Malaysia-Italy Economic Partnership Roundtable, gathering more than 100 companies from both nations. The event, held in Rome, included representatives from manufacturing, services, trade, government agencies, and industry bodies, signaling a mutual push for stronger economic collaboration. Anwar reiterated Malaysia's dedication to free and open trade as a driver of sustainable and inclusive growth. He stated, 'In an increasingly challenging global landscape, international stability and peace form the basis of economic prosperity and cross-border synergy, which the business community must fully leverage.' The prime minister noted Italy's confidence in Malaysia's economic policies, governance efficiency, and competitiveness as an investment hub. He emphasised the potential for innovation-driven partnerships in renewable energy, carbon capture, defence, digital economy, aerospace, and high-tech industries.
The Sun
02-07-2025
- Business
- The Sun
PM Anwar meets Italian industrial leaders to boost Malaysia investments
ROME: Prime Minister Datuk Seri Anwar Ibrahim held high-level discussions with top executives from Italy's leading industrial firms, reinforcing Malaysia's position as a stable and progressive investment destination. The meetings, held on the second day of his working visit, focused on strategic sectors like defence and energy. Anwar engaged with shipbuilding giant Fincantieri's CEO Pierroberto Folgiero and Leonardo's senior vice-president Tomasso Pani, both key players in defence and aerospace. The talks aimed to strengthen Malaysia's role as a regional maintenance, repair, and overhaul (MRO) hub through government-to-government (G2G) partnerships. The Prime Minister also met ENI's CEO Claudio Descalzi to explore energy collaborations with Petronas. 'I emphasised Malaysia's readiness for mutually beneficial investments and urged concrete actions to realise proposed projects within set timelines,' Anwar stated. Accompanied by ministers including Foreign Minister Datuk Seri Mohamad Hasan and Defence Minister Datuk Seri Mohamed Khaled Nordin, Anwar later met Italy's Deputy Prime Minister Antonio Tajani ahead of the Malaysia-Italy Economic Partnership Roundtable. Trade between Malaysia and Italy grew by 3.3% year-on-year in early 2025, reaching RM6.5 billion. Italy remains Malaysia's fifth-largest trading partner and a major importer of Malaysian palm oil in the EU.
New Straits Times
02-07-2025
- Business
- New Straits Times
Malaysia, Italy agree peace, stability are keys to economic progress
ROME: Malaysia and Italy agree that peace and stability are the keys for free trade, which serves as the foundation for global economic progress. Prime Minister Datuk Seri Anwar Ibrahim said Malaysia deserves attention due to its strategic position within Asean and its consistent economic growth. "Malaysia, as the centre of Asean, is deeply committed to the Asean framework. We are very fortunate, despite some minor issues here and there, "Asean remains the most peaceful region in the world and the fastest-growing economy globally. "Our policy of centrality involves engagement with all countries. We are also fortunate that our geographical location is far from conflict zones like Gaza and Ukraine. "Despite that, we still adhere to the principles of democracy and reform and more importantly, to world peace and stability," he said. Anwar made these remarks during his opening speech at the Malaysia-Italy Economic Partnership Roundtable held here. Also present was Italian Deputy Prime Minister Antonio Tajani, who is also the country's foreign affairs and international cooperation minister. In his speech, Tajani echoed Anwar's views, stating that Italy's main objective is to expand trade opportunities through a network of trade agreements, including those with the European Union, particularly in the Asia-Pacific region. "Asia is a key area for Italy's global economic outlook, not only because of its strategic role in international trade but also due to the growing demand for high-value-added goods and services from rapidly developing economies in the region," he said. Highlighting the strong Putrajaya-Rome relationship, Tajani expressed confidence that further cooperation could be explored between the two countries. Malaysia is among the key countries identified for growth, with Tajani emphasising factors such as rising domestic consumption, infrastructure improvements and increased openness to international trade. Italy's exports to Asean countries, including Malaysia, are projected to rise by 10.3 per cent in 2024, reaching €10.7 billion (about RM53.24 billion). Italy's total exports last year stood at €623.5 billion, representing 40 per cent of its gross domestic product. Exports to non-EU countries increased to €305.4 billion, up by 1.2 per cent. Italy is currently the sixth-largest exporter in the world and leads Europe in the diversity of its export goods.
