Sign up | Log in



Home  >>   Daily News  >>   Malaysia  News  >>   Trade  >>   Malaysia, Turkey sign deals
NEWS UPDATES Asean Affairs        23  February 2011

Malaysia, Turkey sign deals

Related Stories

August 23,2010
Malaysia ready to trade palm oil for rice to stabilize domestic supply


May 15, 2010
Malaysia, India agree to ink free trade deal in August

May 5, 2010
Electronics shipments boost Malaysia exports

April 26, 2010
Malaysia’s timber exports to rise on better economy

April 22, 2010
Volcano chaos in Europe hurt Malaysia’s exports

April 12, 2010
Malaysia: Textile industry losing out to competitors

Turkey and Malaysia said Tuesday they would pursue a "strategic" relationship as they signed several accords, among them a $600 million deal for armoured vehicles production.

"We have decided to elevate our relations to a strategic level," said Malaysian Prime Minister Najib Razak, adding that the two countries would seek to finalise an agreement to that effect by the end of the year, coupled with a free trade accord.

Razak, on an official visit to Turkey, addressed a televised press conference along with Turkish counterpart Recep Tayyip Erdogan.

Earlier, Turkish defence industry company FNSS signed a deal with Malaysian partner DEFTECH to develop and manufacture 257 armoured vehicles for the Malaysian army, Anatolia news agency reported.

The deal, worth about $600 million (439 million euros), is the largest single export so far in Turkey's fledgling defence industry sector, it said.

Other Turkish firms signed deals with Malaysian partners to modernise Malaysian military aircraft and their electronic warfare systems, the agency said, without elaborating on the financial terms.

Erdogan called for boosting bilateral economic cooperation and mutual investments, stressing that the two countries would aim to increase their trade volume from the current $1.1 billion to $5 billion.

Turkey and Malaysia also agreed to introduce a visa-free travel regime for their nationals, he said.

Razak was to travel on to Istanbul on Wednesday to attend a meeting of Turkish and Malaysian business people and address a conference on developments in the Muslim world.

Erdogan's Islamist-rooted government has sought closer ties with the Muslim world, including Iran, leading some to suggest that Turkey, NATO's sole Muslim-majority member, is sliding away from the West.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

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

Today's  Stories    23  February 2011 Subsribe Now !
• Asean 40 ETF fund targets Asean
Subcribe: Asean Affairs Global Magazine
• Asean brokers border conflict deal Asean Affairs Premium
• Cambodian garment benefit talks held
• Indonesia to be the next BRIC
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Lotte to build petrochemical project in Indonesia
• Malaysia, Turkey sign deals
• Philippines launches bond offering
• Excise tax increase troubles Thai automakers
Asean Analysis    23   February 2011 Advertise Your Brand
• Progress against dengue Sponsor Our Events
Asean Stock Watch    23  February 2011
• Buying Day in ASEAN
Global News Impacting Asia    17 November 2010
• Bank of America sees Asian inflation
• Lloyd’s increases insurance push in Malaysia
• Wells Fargo analyst on euro
• Obama’s visit to Asia

ASEAN NEWS UPDATES      Updated: 04 January 2011

• Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent

• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore
• Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline
• Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

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

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand