Sign up | Log in



Home  >>  Daily News  >>  Malaysia News >>   Trade   >>  Malaysia, India to sign FTA by year end

NEWS UPDATES 29 March 2010

Malaysia, India to sign FTA by year end

Related Stories

March 14, 2010
Malaysian firms to benefit from Rolls Royce plant in Singapore

March 12, 2010
Malaysia considers joining regional trade pact with US

March 9, 2010
Malaysian timber exports to rise on strong US, EU demand

March 4, 2010
Malaysian palm oil industry suffers labour shortage

Malaysia and India are on target to sign a free-trade agreement by year end, Malaysia's trade ministry said as officials readied for a third round of talks, reported AFP.

"Malaysia and India are on track towards formalising a bilateral trade liberalisation pact under the Malaysia-India Comprehensive Economic Cooperation Agreement," the Ministry of International Trade and Industry said in a statement Saturday.

It said negotiators were working towards meeting the year-end deadline set by Prime Minister Najib Razak and his Indian counterpart Manmohan Singh when they met in India in mid-January.

The third round of trade negotiations will resume on March 29-31 in Kuala Lumpur after a delay of two years. The last round of talks was held in New Delhi in April, 2008. "We have just got into substantive negotiations. After two years we are resuming the negotiations. We will go through all the issues," a senior Malaysian trade official told AFP.

Kuala Lumpur and New Delhi want the negotiations completed ahead of the Indian prime minister's visit to Malaysia, expected around late October, the official added. The trade pact was expected to further boost trade and investment between the two countries.

Last year, India was Malaysia's twelfth largest trading partner. Trade between the two countries peaked in 2008 at $10.52 billion but fell to $7.06 billion in 2009 on the back of the global economic downturn. Malaysia has said that a pact -- which will cover trade in goods and services, investment and economic cooperation -- could boost its exports to India by $12 billion, by 2012.


Comment on this Article. Send them to
Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand