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India-Malaysia focus on better trade ties

Malaysia will strengthen trade ties with India. Malaysia and India established the Malaysia-India Comprehensive Economic Cooperation Agreement in 2010. This is a comprehensive agreement that covers trade in goods, trade in services, investments and movement of natural persons. It value-adds to the benefits shared from the Asean-India Trade in Goods Agreement and will further facilitate and enhance two-way trade, services, investment and economic relations in general.

The two countries recognize each other’s responsibility in the promotion of peace, development and security of the Asia-Pacific region, and beyond, based on a convergence of political and socio-economic interests and aspirations.

Malaysian investments to India have continued to grow and so has Indian investments to Malaysia. Indian investments in Malaysia have created jobs in various sectors including printing and publishing, textile and textile products, petroleum products, electrical and electronic sectors. There are over 150 Indian companies in Malaysia and 170 flights between the two countries with 125 flights from South India alone. About 30,000 people fly every week between the two countries and about 1.56 million people annually either through direct flights or connecting flights. In 2015, India was Malaysia’s tenth largest trading partner and 12th biggest importer.

 
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