Kuala lumpur: Malaysia and Japan can make a meaningful contribution to strengthening regional supply chains, particularly in semiconductors, Prime Minister Datuk Seri Anwar Ibrahim said today. He noted that Malaysia's strengths in assembly, testing, and advanced packaging complement Japan's leadership in materials, equipment, and advanced manufacturing. This collaboration creates opportunities to build more resilient and integrated technology ecosystems.
According to BERNAMA News Agency, Anwar spoke at the Nikkei Forum on 'Navigating Strategic Uncertainty', a part of the 31st Nikkei Forum under the theme 'Working Together for a More Resilient and Prosperous Asia'. In his address, he highlighted the potential for Malaysia and Japan to support Asia's transition to a lower-carbon future while maintaining economic growth and energy security. Initiatives such as the Asia Zero Emission Community demonstrate that sustainability and development can progress in tandem.
In the realm of the digital economy and artificial intelligence, Anwar emphasized the need for cooperation to ensure innovation remains people-centred and inclusive. He stressed the importance of creating opportunities rather than deepening inequalities, advocating for growth and empowerment.
Reflecting on Malaysia's industrial transformation in Penang during the 1970s, Anwar acknowledged the pivotal role Japanese firms played in establishing the region as an electronics and semiconductor hub. He described the relationship as one founded on investment, confidence, partnership, and a shared commitment to long-term development. Anwar urged that this spirit remains relevant today, advocating for a proactive rather than passive approach.
During his address to a distinguished audience at the forum, Anwar expressed concern over the current strain on the international system, which has underpinned decades of growth and development. He highlighted the mounting pressures on the multilateral trading system resulting from fragmentation, unilateral actions, and strategic competition. Anwar referenced the revival of tariffs under Section 301 of the Trade Act of 1974, originally introduced during US President Donald Trump's administration, as evidence of this trend.
He also pointed out the growing trend of export restrictions and industrial policies shaped by geopolitical rivalry. Anwar warned of the increasing weaponization of economic interdependence, with supply chains, technology, critical minerals, finance, and market access being perceived through the lens of rivalry instead of mutual benefit.