Speaking at the Concorde Club meeting on Monday (Feb 24), Foreign Minister Datuk Seri Mohamad Hasan said that Wisma Putra will give extra focus on economic diplomacy on top of its core diplomatic responsibilities, such as fostering and strengthening bilateral and multilateral relations.
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NewsTranscript
00:00Can you explain a bit on the economy diplomacy with the trust of foreign policy?
00:30We can see that Malaysia's backbone is the economy.
00:45Whether we like it or not, the Ministry of State must take our economic foreign policy as our second pillar
01:00to ensure that our representatives in the embassies will not only maintain the bilateral relationship
01:11but also focus on improving the bilateral economic relations between Malaysia and the countries.
01:21I mentioned earlier, Malaysia and the EU, the EU and the African Union.
01:29These two sectors are between countries.
01:32So, a new task has been added to our representatives, who are senior officials in government positions.
01:44We have a lot of A-level officials, B-level officials, or at least C-level officials.
01:52So, we want them to open the door to Malaysia's efforts to diversify our market.
02:00Because, as I said in the Parliament, we cannot rely on our traditional markets.
02:06We cannot rely on just one source, the market.
02:10We need to diversify.
02:12We need to be able to sell or trade our products all over the country or the world.
02:21Because if we rely too much on one traditional source,
02:25if anything happens to the country, we will be in a difficult situation.
02:32So, that's why we want to work together in BRICS.
02:37Not because of anything, but because of the economic factors.
02:41We want ASEAN-GCC to have the same economic factors.
02:45We want ASEAN-EU to have the same economic factors.
02:48ASEAN-Central Asia, the five seas, will also have the same economic factors.
02:53Because when our economy is good, we will be a prosperous country.