ASEAN ports development to expand trade, FDIs

DEVELOPING ASEAN ports will help the region to be more competitive, increase intra-regional trade and attract investments.

Md Riza Dato Paduka Hj Md Yunos, in his capacity as the Acting Permanent Secretary at the Ministry of Communications, said the 47 designated ports in ASEAN can sustain the growth of the region’s economy.

In a speech delivered at yesterday’s opening of the 41st ASEAN Ports Association (APA), Md Riza said sea transport remains the most cost effective way to carry goods. Developing ports can help the region expand trade and connectivity.