VIENNA, Jan 21 — Malaysia and Austria can do more both in terms of trade and bilateral ties.
Prime Minister Tun Dr Mahathir Mohamad said this today at a joint press conference with Austrian Chancellor Sebastian Kurz at the Federal Chancellery here.
“We had a very good discussion, including on what’s happening in Malaysia now. We focused a lot on economic opportunities.
“We know Austria has some good industries and also companies involved in technology.
“Currently, Austrian companies are mainly involved in the medical industry in Malaysia. The cable cars in Langkawi also use Austrian technology.
“We would like to see more foreign direct investment from Austria,” said Dr Mahathir, after meeting Kurz for about 40 minutes.
Dr Mahathir said Austria would also be a very good market for many Malaysian products.
“Our current volume of trade is not very big, but is substantial. We can certainly increase trade between both countries,” added Dr Mahathir.
Kurz, who at 32 is the youngest elected leader in the world, thanked Dr Mahathir for meeting him.
“I am grateful to meet the most experienced and oldest leader in the world. As the youngest, there is much I can learn from him.
“I thank Prime Minister Dr Mahathir for taking the time to meet me,” said Kurz.
He added that the current volume of trade between both countries stood at about €860 million (RM4.02 billion), with 70 companies operating in Malaysia.
“There is potential for more trade, especially in the energy sector and infrastructure,” said Kurz, who added that Malaysia and Austria should also work closer to improve bilateral ties.
Later, Dr Mahathir also met Austrian President Dr Alexander Van der Bellen at the Hofburg Palace.
