Malaysia's Cabinet has approved a memorandum of understanding (MoU) on trade and economic cooperation with Palestine, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. This MoU, to be signed soon, aims to boost bilateral trade, which grew 52.1% to RM20.8 million in 2023. The agreement will also establish a Malaysia-Palestine Joint Business Council to enhance business ties. Malaysia remains committed to supporting Palestinian development and advocating for a just resolution to their conflict.
MALAYSIA, PALESTINE TO INK TRADE MOU
Malaysia's Cabinet has approved a memorandum of understanding (MoU) on trade and economic cooperation with Palestine, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz. This MoU, to be signed soon, aims to boost bilateral trade, which grew 52.1% to RM20.8 million in 2023. The agreement will also establish a Malaysia-Palestine Joint Business Council to enhance business ties. Malaysia remains committed to supporting Palestinian development and advocating for a just resolution to their conflict.
