A video released recently summarises Malaysia’s intentions to attract Chinese investment for many of its ports and terminals in a bid to solidify its plan to become a part of China’s ‘One Belt, One Road’ initiative.
In a previous article by PTI, it was reported that Malaysian ports were performing well, with Malaysian terminal operator Westports outlining its plans to increase capacity at one of its terminals to around 13 million TEU as a result of booming trade in the country.
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In the video, Datuk Seri Liow Tiong Lai, Transport Minister for Malaysia expresses his support to the Chinese president for the maritime silk road initiative, saying that it will open up connections between ASEAN countries.
The One Belt, One Road maritime plan was designed to facilitate greater connections between Indian and Asian countries, and thereby strengthen maritime trade.
(Source: The Star Online)