Zahid to deliver keynote address at 9th World Chinese Economic Summit

Zahid to deliver keynote address at 9th World Chinese Economic Summit

HONG KONG: Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi is set to deliver a keynote address at the 9th World Chinese Economic Summit here on Monday.

The two-day summit, themed ‘Managing Global Uncertainty: Exploring New Opportunities’, gathers government, business and academic and thought leaders here to commemorate and celebrate the 20th anniversary of the establishment of the Hong Kong Special Administrative Region and the signing of the Association of South-East Asian Nations (ASEAN)-Hong Kong Free Trade Agreement (FTA) which complements the China-ASEAN FTA.

In his forward message, Ahmad Zahid said, economic growth for any individual country and stability in people’s livelihood could not be fully realised without them working closely and collaborating with the global economy.

“In this regard, ensuring peace and security is the foundation,” he said.

Hence, he said, the strengthening of relationships between ASEAN and China as well as to further broaden the scope of diplomacy with the countries in the Asia-Pacific region was of utmost importance.

According to him, free trade was another important aspect to any economy wishing to grow and develop.

“This is because when individual creativity and innovations are fully harnessed, and the results of such creativity and innovations go beyond national borders, we can expect the development of prosperous societies being promoted around the world,” he said.

The deputy prime minister said the national government meanwhile must also lower the barriers that negatively impact the people and strengthen mechanisms that would fairly and justly protect the outcome of innovations.

“If countries could harmonise their rules, such as Customs clearance, not only could they speed up the movements of goods but possibly lower shipment costs,” he said.

“The summit, organised by the Asian Strategy and Leadership Institute, is proof that our collective vision to create a dynamic partnership continues to resonate among titans of industry and the relevant agencies.

“By coming together to coordinate the efforts by the public and private sectors and communicate the programmes of both national and international communities, we are able to synergise our efforts and harness our combined energies for development of our communities,” he said. — BERNAMA