Y.B. Dato’ Sri Mustapa Mohamed, Minister of International Trade and Industry will attend the APEC Ministers Responsible for Trade Meeting (MRT) in Sapporo, Japan from 5-6 June 2010.
- discuss ways to give impetus to conclude the Doha Development Agenda(DDA) negotiations;
- review the international economic and trade environment and APEC’s efforts in mitigating protectionism;
- evaluate progress made by APEC’s economies in realising free and open trade and investment in the region, in line with the objectives of the Bogor Goals;
- discuss ways to accelerate on-going work programmes and identify new measures to strengthen regional economic integration;
- exchange views on ways to strengthen long-term growth in the Asia Pacific region remised on balanced, inclusive, sustainable, knowledge-based and secure growth; and
- seek new ways to enhance human security with a specific focus on food security, pandemic preparedness and counter terrorism measures.
Malaysia will reiterate:
- its commitment, and explore possible ways, to conclude the DDA; and
- the need for an objective and credible assessment on the achievement of the Bogor Goals in order to set the momentum to evaluate what can be done in the coming years to strengthen trade and investment facilitation and promote regional economic integration.
APEC economies are significant trading partners and foreign direct investment (FDI) sources for Malaysia:
- total trade between Malaysia and APEC member economies in 2009 amounted to US$215 billion and accounted for 76.7% of Malaysia’s total trade, 75.8% of total exports and 77.81% of total import; and
- FDI from APEC member economies amounted to RM18.44 billion, representing 83.4% of total approved FDI.