Growth with regional stability, peace<\/p>\n
Aware of the fact that regional stability and peace is of
\nutmost important for the country's growth, the Malaysian
\ngovernment continues to adopt its neutral foreign policy and to
\nresolve through peaceful and friendly means in settling issues
\nwith its neighbors, especially with the other five member
\ncountries of the Association of Southeast Asian Nations (ASEAN),
\nin which Malaysia is also a member.<\/p>\n
For example, Malaysia has worked with Singapore to settle the
\nownership of Batu Puteh as it has done with Indonesia on the
\nSipadan and Ligitan Islands, off southeast Borneo, which have
\nbeen long managed by Kuala Lumpur.<\/p>\n
It did likewise with the Philippines over Sabah.<\/p>\n
In 1992, it reached an agreement with Vietnam to jointly
\ndevelop parts of the Spratlys, a group of oil-rich islands chain
\nin the South China Sea which is also claimed either partly or
\nwholly by Brunei, China, Taiwan, and the Philippines.<\/p>\n
Relations with ASEAN members have been continually
\nstrengthened. As a matter of fact, Kuala Lumpur has announced its
\ngood will to expedite its timetable for meeting requirement of
\nASEAN Free Trade AREA (AFTA), in which it will protect only its
\nmost strategic industries for a ten-year period instead of the
\n15-year period set by AFTA.<\/p>\n
Particularly with Indonesia, the two countries have made great
\nstrides in trade and technological cooperation when they signed
\nagreements on investment guarantee and extension of trade
\ncooperation early this year, during which Indonesia announced its
\nwillingness to buy the Malaysian-made aviation components for its
\nstate-owned IPTN aircraft industry.<\/p>\n
In the financial sector, the two countries made an important
\nbreakthrough when Indonesia's market authority and the Malaysian
\nSecurities Commission agreed to promote cooperation both in the
\ntrading system and in the improvement of professionalism among
\nmarket players.<\/p>\n
Counter-trade deals were also made last May, under which the
\nBandung-based IPTN was to export six CN-235 transport planes to
\nMalaysia as a barter for the 2,500 Proton Saga cars.<\/p>\n
Originated from the Malay race and inherited with many similar
\ntraditions, the majority of both Malaysians and Indonesians
\nsurely have many things in common, enabling them to communicate
\nmuch more easily than they do with people of different race.<\/p>\n
Jakarta and Kuala Lumpur have also cooperated well in settling
\nthe problems of illegal Indonesian workers in Malaysia. The two
\ncountries have undertaken joint naval operations to crackdown the
\nsending of illegal workers to Malaysia.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/growth-with-regional-stability-peace-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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