Malaysia, one of the fastest growing economies in the Association of South-East Asian Nations, is on track to reach a free trade agreement with the UAE by the end of the year and hopes to explore a broader trade treaty with the wider GCC economic bloc, a senior official said.
Malaysia has “excellent relations with the Middle East” and plans to further boost ties with Arab economies, the country's Minister of Investment, Trade and Industry, Tengku Zafrul Aziz, told the ninth annual Belt and Road summit in Hong Kong.
“This has been the case regardless of the ideological queue of the government in power [in Malaysia], which indicates how strategic the region is to us,” Mr Aziz said on Thursday. “For Malaysia, we are continuing discussions with the GCC for an FTA, and we are on track to conclude an FTA with the UAE by end of the year on a wider scale.”
Read More: https://www.thenationalnews.com/business/economy/2024/09/13/malaysia-on-track-to-sign-trade-treaty-with-uae-by-end-of-year/
