Thursday, May 25, 2006
Biotech for closer ties (MALAYSIA & JAPAN)
TOKYO: Bio-technology will be the basis of a new era of cooperation between Malaysia and Japan, said Prime Minister Datuk Seri Abullah Ahmad Badawi.
He said his Japanese counterpart Junichiro Koizumi has agreed the two countries must work together on this sector, especially on bio-fuel, in the face of rising world oil prices.
Speaking to reporters after meeting Koizumi at the latter’s office here yesterday, Abdullah said the two agreed there was an urgent need for an alternative fuel, and that bio-diesel was the most effective option.
Malaysia was already talking with two Japanese companies on this matter, Abdullah told Koizumi.
“I also told him that the collaboration on bio-technology must not be confined to only bio-fuel but be expanded to cover a whole spectrum – from food production to pharmaceuticals and cosmetics,” the Malaysian leader said, adding that Koizumi agreed with him.
Abdullah said there had been three eras of collaboration between Malaysia and Japan in the past 40 years.
“I see bio-technology as the next opportunity for our two countries to work together,” he said.
However, Abdullah assured Koizumi that the special preference given to bio-technology would not be at the expense of existing sectors such as manufacturing and ICT.
Koizumi in turn informed Abdullah that the Japan-Malaysia Economic Partnership Agreement, commonly referred to as a free trade agreement, had been passed by the Japanese Parliament and would take effect once it had been ratified.
“I reminded him that the agreement required Japan to set up a skills training centre for automotive industry workers as well as programmes to help improve the Malaysian automotive industry.
On May 25 last year, the two prime ministers signed the agreement designed to eliminate tariffs on US$27bil (RM97.2bil) worth of goods, and liberalise some trade in services.
Malaysia, the largest passenger car market in Southeast Asia, agreed to remove tariffs on unassembled automobile parts imported and assembled locally by Japanese automakers.
It will also remove tariffs on vehicles that do not compete with Malaysian models. In return, the Japanese government will open its tightly controlled agriculture sector.
Good moved, I think the Japanese is already seeking for alternative power and better for environment fuel since long time ago. Due to recent oil price increased, these Biotech oil has become reasonable to be list in as main sources soon. Now, Palm oil from Malaysia PLUS Technologies from Japan, they had found a right Partners.