But also at the bilateral, regional and international levels. Globalization poses a serious threat to the prosperity of Asian trade. Capital flow is the most critical factor in the era of free and borderless trade. Countries in this region are well aware that this capital could elude them and move into other regions. Thus, regional cooperation in various sectors could delay the negative effect of globalization.
Transfer of technology is essential to such cooperative projects.
The recipient country would benefit tremendously. This Third Country Training Programme in the field of Automotive, specifically the Engine Electrical and Electronic System Services, provides the opportunity for developing countries to excel in this area. I therefore call on the participating countries to grab this excellent opportunity to upgrade their knowledge and skills in this area of Automotive Engineering. Under this programme, the Government of Japan provides the funds while the Government of Malaysia takes care of other requirements. With the explosion of Information and Communication Technology or ICT, the Ministry has earmarked IT courses to be given priority.