Malaysia opens forum to push African ties
MALAYSIA: Malaysia's biennial convention to promote economic
collaboration with Africa will begin Sunday with the attendance of
controversial Zimbabwean president Robert Mugabe. Dubbed the Langkawi
International Dialogue and a brainchild of ex-premier Mahathir Mohamad,
the forum aims to stimulate economic collaboration between Malaysia and
a continent beset by conflicts, coups and political turmoil. The
87-year-old Mugabe, who is banned from travelling to the European Union
over his regime's human rights record, arrived in Malaysia on Saturday
and will be among leaders from 20 countries expected to attend the
four-day event in Putrajaya, south of the capital Kuala Lumpur.
Around 500 delegates from countries including Lesotho, Gambia, South
Africa, Uganda, Kenya and Namibia will be welcomed by Prime Minister
Najib Razak when he kicks off proceedings at the 14th forum, the ninth
to be held in Malaysia.
Africa is a good bet for growth, say analysts, with the International
Monetary Fund expecting it to expand faster than the global average in
the coming years, with six of the world's 10 fastest-growing economies
coming from the continent last year.
Malaysia's heavily trade-dependent economy needs to find new markets
for the manufactured products, oil and palm oil that it exports.
Deputy foreign minister Kohilan Pillay said total trade between
Malaysia and Africa in 2010 stood at 25 billion ringgit ($8.2 billion),
a 39 percent surge from the previous year.
AFP |