Tuesday, March 28, 2017 - 18:22
(Kuala Lumpur) - From March 27-29, the US-ASEAN Business Council led a delegation of 21 U.S Companies on an annual business mission to Malaysia. The purpose of the mission was to continue building the relationship and dialogue between U.S. businesses and the Government of Malaysia and strengthen an ongoing two-way channel on economic policy priorities and opportunities. The delegation encouraged the government to continue to play a leading role in the ASEAN Economic Community (AEC), make reforms in line with Malaysia’s previous Trans-Pacific Partnership (TPP) commitments, and to pursue regional trade initiatives such as the Regional Comprehensive Economic Partnership (RCEP).
The delegation was received by senior government officials, including Prime Minister YAB Dato' Sri Najib Razak, Minister of International Trade and Industry Datuk Seri Mustapa bin Mohamed and Minister of Finance II Datuk Seri Johari Abdul Ghani. The mission was led by Ambassador Michael Michalak, Senior Vice President and Regional Managing Director of the US-ASEAN Business Council and Ramzi Toubassy, Chair of the US-ASEAN Business Council Malaysia Committee and Chief Executive Officer for AmMetLife Insurance Berhad.
“In the current global environment of uncertainty and slower global trade growth, Malaysia’s economic fundamentals and location in ASEAN continue to make it a valuable business location in Asia for a wide range of U.S. companies,” said Ambassador Michalak. “In our meetings with both government officials and business leaders, our delegation received clear signals that Malaysia values its economic relationship with the United States and is committed to continuing both domestic reforms and trade policy initiatives to increase trade and investment flows between our two countries.”
“As chair of the Malaysia Committee at the US-ASEAN Business Council and delegation lead for the 2017 Malaysia Business Mission, we were very pleased with the number of U.S. companies and the diverse range of industries represented,” Ramzi Toubassy added. “This demonstrates the growing commitment and interest of U.S. businesses in Malaysia, and the emergence of e-commerce and fintech will only continue to increase the opportunities for both countries. We will continue our support to ensure a favorable business climate in Malaysia, both as a member of its business community and through our participation in the US-ASEAN Business Council.”
Over the course of mission, the delegation also met with the following key officials:
- Minister YB Datuk Seri Abdul Rahman Dahlan from the Economic Planning Unit
- Minister of Health YB Datuk Seri Dr. S. Subramaniam
- Deputy Minister of Communication and Multimedia YB Dato’ Jailani Johari
- Deputy Governor of Bank Negara Malaysia Dr. Sukudhew Singh
- Deputy Minister for Energy, Green Technology & Water YB Dato' Sri Dr. James Dawos Mamit
- Secretary General of International Trade and Industry Datuk J. Jayasiri
- Malaysian Digital Economy Corporation CEO YBhg Dato’ Yasmin Mahmood
- CEO of the Malaysia External Trade Development Corporation (MATRADE) Dr. Mohd Shahreen Zainooreen Madros
- Malaysian Investment & Development Authority Deputy CEO YB Datuk Phang Ah Tong
- ASEAN Business Club Chairman Tan Sri Dr. Munir
- U.S. Ambassador to Malaysia, the Honorable Kamala Shirin Lakhdhir
Companies participating in the delegation included 3M, Chevron, Chubb, Coca-Cola, ConocoPhillips, Google, GSK, Harley-Davidson, Herbalife Nutrition, MasterCard, Mattel, MetLife, Motorola Solutions, Paypal, Philip Morris International, Qualcomm, S&P Global Platts, Shire, Uber, UPS and Visa.