Malaysia, Guinea agree to look into new areas of cooperation to enhance bilateral ties – Najib
Posted on June 27, 2012, Wednesday
PUTRAJAYA: Malaysia and Guinea have agreed to look into new areas of bilateral relations, Prime Minister Datuk Seri Najib Tun Razak said today.
He said the areas with very good possibilities and opportunities include mining as Guinea has very rich bauxite reserves, uranium, diamonds and oil.
Agriculture and construction are the other potential sectors, he said.
Najib said Guinea also needs technologies that can be provided by Malaysian companies, including modern agriculture equipment, information and communications technology and Islamic Banking services.
“We would like to encourage Malaysian companies to seriously look at the possibility of investing in Guinea,” he said in his joint press conference with visiting Guinea President Alpha Conde.
“Given the reforms that His Excellency is implementing in Guinea, and the commitment to ensure a very conducive climate for investors, and his commitment to the rule of law, we believe there are exciting possibilities for Malaysia’s private sector to look at investing in Guinea,” he said.
On bilateral trade, Najib said the two countries noted with satisfaction that the total two-way trade had increased very significantly between 2010 and 2011.
He said the figures have soared from US$28.35 million to US$74.49 million, up 262 per cent.
Najib also said Malaysia was humbled by Guinea’s wish to look deeper into Malaysia’s experience in developing that country as the republic recognised the changes and successes Malaysia had attained over the years.
“We are more than happy to share with our Guinean friends our experiences and discuss some of the challenges we faced. We remain committed to the South-South Cooperation and within the framework of the Organisation of the Islamic Cooperation (rpt Cooperation) (OIC) as well.
“I reaffirmed to His Excellency the President that Malaysia will continue to provide MTCP (Malaysian Technical Cooperation Programme) to assist Guinean officials to increase their capacity,” he said.
Najib said Malaysia was confident that with the bold reforms that the president had initiated in his country, Guinea’s economic prospects would be much brighter, and therefore the trade volume between the two countries can be increased in future.
Earlier, Najib and Conde witnessed the signing of a memorandum of understanding in higher education collaborations by Malaysian Higher Education Minister Datuk Seri Khaled Nordin and Guinean International Cooperation Minister Prof Datuk Koutoub Moustapha Sano.
Conde is on a four-day official visit to Malaysia beginning yesterday. This is his first visit to the country. — BERNAMA