Emirati and Malaysian trade ministers discuss boosting economic ties

Emirati and Malaysian trade ministers discuss boosting economic ties

LONDON: Thani Al-Zeyoudi, the Emirati minister of state for foreign trade, and Tengku Zafrul Aziz, the Malaysian minister of investment, trade and industry, discussed ways boost trade and investment ties between their countries. Their meeting took place during a visit to the UAE by a delegation of senior trade officials from Malaysia.

During the talks, Al-Zeyoudi praised the existing strong relations between the nations and reaffirmed the UAE’s commitment to expanding the opportunities available to the business communities in both, the Emirates News Agency reported on Thursday.

They also reviewed the status of negotiations to develop a UAE-Malaysia Comprehensive Economic Partnership Agreement. The meeting was the second between the ministers since discussions about the agreement began during a visit by Abu Dhabi’s crown prince, Sheikh Khaled bin Mohammed, to Kuala Lumpur in May.

Their first meeting took place in Jakarta during the Association of Southeast Asian Nations Business and Investment Summit in early September, and the talks reflect the UAE’s desire to strengthen its ties with Malaysia and the wider ASEAN bloc, officials said.

“Malaysia is a valued partner for the UAE in an increasingly important region, one which shares our vision of leveraging global trade to accelerate growth and diversify the economy,” Al-Zeyoudi