Malaysia's Deputy PM Engages with U.S. Business During D.C. Trip

(Washington, DC) US-ASEAN Business Council members met yesterday with Malaysia's Deputy Prime Minister Muhyiddin Yassin, continuing a dialogue with Malaysia's leaders on expanding bilateral economic relations. Led by US-ASEAN Business Council President Alexander Feldman and Council Malaysia Committee Chair Joseph Alhadeff of Oracle, members discussed their eagerness to work with Malaysia to support the full implementation of Prime Minister Najib's economic reform agenda and to support the successful conclusion of the Trans-Pacific Partnership (TPP) trade negotiations.

Council members enthusiastically conveyed their support for the vision outlined by Prime Minister Najib in the New Economic Model and the 10th Malaysia Plan, and urged that the open and transparent process used to gather input from stakeholders in their creation would itself become a pillar of Malaysia's economic policy reform agenda.

"Malaysia's joining the Trans-Pacific Partnership negotiations is symbolic of Malaysia's emergence as an economic leader on the world stage," said Council President Alexander Feldman. "The TPP process coupled with Malaysia's own domestic economic reforms will help drive the government's agenda of enhancing the regional competitiveness of Malaysia's economy. Forward looking decisions like this by the Malaysian government have helped build excitement about Malaysia and create a real foundation for continued growth."

The Deputy Prime Minister's meeting with Council members was a continuation of discussions began during the Council's Business Mission to Kuala Lumpur in November of 2010. During the Business Mission, the Council presented an award to Malaysia in recognition of its efforts to transform its national economy and leadership in deepening American economic ties with Malaysia and ASEAN. The award was accepted on behalf of Prime Minister Najib by Tan Sri Dato' Nor Mohamed Yakcop, Minister to the Prime Minister.

The Deputy Prime Minister was accompanied by Malaysia's Ambassador to the United States, Dato Tan Sri Dr. Jamaluddin Jarjis and senior officials from MIDA including Director General Datuk Jalilah Baba.

Council member companies in attendance included Oracle, ACE Group, AT&T, The Coca-Cola Company, ConocoPhillips, ExxonMobil, General Electric, The Hills' Companies, Motorola, Murphy Oil, Pfizer, and Visa International.

########################################################################################

For over 35 years, the US-ASEAN Business Council has been the premier advocacy organization for US corporations operating within the dynamic Association of Southeast Asian Nations (ASEAN). Worldwide, the Council's membership, more than 160 companies, generate over $6 trillion in revenue and employ more than 13 million people globally. Members include the largest US companies conducting business in ASEAN, and range from newcomers to the region to companies that have been working in Southeast Asia for over 100 years. The Council has offices in: Washington, DC; New York, NY; Bangkok, Thailand; Hanoi, Vietnam; Jakarta, Indonesia; Kuala Lumpur, Malaysia; Manila, Philippines; and Singapore.