NEW DELHI: Malaysia and India are looking to enhance their economic relationship through an upgraded Free Trade Agreement (FTA) following Prime Minist...
Malaysia and India are looking to enhance their economic relationship through an upgraded Free Trade Agreement following Prime Minister Datuk Seri Anwar Ibrahim’s recent visit to New Delhi.
“We will elevate whatever cooperation that we have towards a more comprehensive cooperation to cover all these pillars,“ Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz told Bernama. “Both prime ministers have given us the timeframe of three months to revert on what are the areas that we want to focus on, and establish the parameters for the upgrade,“ said Tengku Zafrul, who travelled to India with Anwar.
In changing trade trends, Malaysia’s exports of electrical and electronics products to India have grown significantly while the share of primary commodities has declined from two-thirds two decades ago to one-third of all exports now.
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