Malaysia wants stronger trade ties with India

Malaysia wants stronger trade ties with India

 Malaysian Prime Minister Mohd Najib Tun Abdul Razak with HSBC CEO Naina Lal Kidwai and ASSOCHAM President Swati Piramal at a Business Meeting on 'Malaysia-India Economic Relations- The Way Forward' in New Delhi on Wednesday. PTI

"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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