Economy minister says Malaysia to deepen renewable energy, connectivity ties with Indonesia, Thailand

Malaysia's Economy Minister Akmal Nasrullah Mohd Nasir announced plans to deepen regional cooperation in renewable energy and connectivity with Indonesia and Thailand at a press conference in Medan, Indonesia. The minister highlighted the importance of strengthening the renewable energy sector and enhancing physical connectivity between the three countries, particularly taking advantage of their close geographical proximity.

He also emphasized the significance of sustainability and digital agendas as new growth drivers for the sub-region. The ministers reaffirmed their commitment to the IMT-GT Vision 2036, aiming to create an integrated, innovative, inclusive, and sustainable subregion amidst growing geopolitical uncertainties and trade fragmentation.

They acknowledged the importance of artificial intelligence and digital transformation as strategic enablers of productivity, innovation, and competitiveness. The ministers also recognized the need to strengthen resilience and capacity to respond to external disruptions. They highlighted achievements under the IMT-GT Implementation Blueprint (IB) 2022-2026, including GDP per capita, foreign direct investment, and international visitor arrivals surpassing the 2026 targets.

The joint statement outlined three strategic goals for the 2027-2031 period: Economic Resilience, Integrated Networks, and Shared Prosperity.