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Malaysia wants stronger trade ties with India
PTI
Last Updated IST
Malaysian Prime Minister Najib Razak (L) shakes hands with his Indian counterpart Manmohan Singh during a ceremonial reception at the Presidential Palace in New Delh on Wednesday. AFP
Malaysian Prime Minister Najib Razak (L) shakes hands with his Indian counterpart Manmohan Singh during a ceremonial reception at the Presidential Palace in New Delh on Wednesday. AFP

"I would like to conclude the Malaysia-India Comprehensive Economic Cooperation Agreement (CECA) by the end of this year, if possible," Malaysian Prime Minister Mohd Najib Tun Abdul Razak said at a meeting organised jointly by Assocham, FICCI and CII here.

Razak said he would propose this in his meeting with Prime Minister Manmohan Singh as well. "I would propose...when I meet my counterpart that the the CECA is vital for us."

He would like Singh visiting his country to sign the agreement.

Razak said the market-opening CECA would spur economic growth for both the nations.
With bilateral commerce exceeding USD 10.5 billion in 2008-09, Malaysia is India's second largest trading partner (after Singapore) among the 10-nation Association of Southeast Asian Nations (ASEAN).

"On our part, we will do all that is necessary to fast track negotiations for this purpose," he said.

Razak also sought fast-tracking of negotiations to conclude India-ASEAN FTA on services and investment.

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(Published 20 January 2010, 10:20 IST)