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KAJANG: The country’s export value is projected to reach RM1.2 trillion this year, Senior Minister cum International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said.

He said the goal set out under the 12th Malaysia Plan (12MP) was for export value performance to hit RM1.24 trillion but it could be achieved four years ahead of the target.

The minister said it was more gratifying when the country recorded RM114 billion worth of exports for the period of October this year which was the highest value ever accomplished.

“This proves the government’s move to reopen the borders of districts, states and the country has brought back confidence among local and foreign investors to continue investing in the country,” he told a press conference after attending the “Selangor Semarak Prihatin” programme at the Kajang District Police Headquarters here Sunday.

On Malaysia’s investment performance for the period of September-November, Azmin said the country recorded investments of more than RM300 billion, exceeding the target of RM270 billion set out by Prime Minister Datuk Seri Ismail Sabri Yaakob.

The minister said the achievement of the target proves that foreign investors are confident in the country’s business ecosystem, as well as investment policy, namely the National Investment Aspirations.

Meanwhile, Azmin has reassured the people that the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will not affect the rights and interests of Bumiputeras if the government were to ratify it.

He said the CPTPP has provided a cutoff policy (leeway) to protect the rights and interests of Bumiputeras as enshrined under the Federal Constitution when Malaysia signed the agreement in 2018.

““This provision is contained in Annex II (Non-Conforming Measures) under the CPTPP, which specifically mentions that Bumiputera rights and interests as guaranteed under the Federal Constitution will remain in the agreement.

“I have provided details of the provision in Annex II and I have explained to Parliament to refute allegations from certain quarters that we’re compromising the interests of the Malays and Bumiputeras, that is not true,” he said.