Page 71 - PH Manifesto English

Promise 31: Spur investment and simplify business processes

and trade

We will strategize Malaysia’s participation in the regional value and

product chains such as in ASEAN, the Regional Comprehensive Economic
Partnership (RCEP), and other bilateral and multilateral agreements. We will

enhance the ability of Bumiputera entrepreneurs and all Malaysian traders

to participate in the international market.

Bilateral negotiations with the European Union and other countries will be

pursued so that our goods and services can enter new markets, and to
attract quality foreign investments.

The Pakatan Harapan Government will encourage continued investment
from China and other Asian countries. All mega agreements that have been

announced will be reviewed in detail to check against potential weaknesses

and corruption. Our goal is to ensure that investments from China are high
quality investments that will benefit Malaysians as a whole, especially

Bumiputera and other SME contractors of all backgrounds, not just

monopolized by those with vested interest. We will also ensure that the
projects will not increase our debt level irresponsibly.

Chambers of commerce, business associations and business networks will

be given direct access to the relevant ministries and agencies so that they

can facilitate meetings between their members with investors and lenders in
all sectors.

The Malaysia Productivity Corporation (MPC) will be given the funds and
authority to enable them to expand Good Regulatory Practices (GRP) and

reduce the burden of unnecessary regulations in all aspects, so that our
economy becomes more competitive and we can create more jobs. MPC’s

capacity to act as a secretariat for PEMUDAH will be enhanced so that they

can become more effective. They will also be given provision to conduct a

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