Today: 31 May 2025
5 June 2024
2 mins read

Malaysia, UAE seek deeper trade, investment ties

Dr. Al Zeyoudi Zafrul Aziz, Malaysia’s Investment Minister reviewed the progress of negotiations towards a Comprehensive Economic Partnership Agreement…reports Asian Lite News

Malaysian Prime Minister Anwar Ibrahim received UAE’s Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi, on a visit to the country designed to deepen trade and investment ties between the United Arab Emirates and Malaysia.

Dr. Al Zeyoudi also held talks with Zafrul Aziz, Malaysia’s Minister of Investment, Trade and Industry, in which they discussed collaboration in high-growth sectors such as technology, manufacturing, and services, and reviewed the progress of negotiations towards a Comprehensive Economic Partnership Agreement.

The visit reflects the strengthening ties between the UAE and Malaysia. In 2023, the two counties shared non-oil trade worth US$4.7 billion dollars, maintaining the record-setting levels achieved in 2022.

Al Zeyoudi stated, “Malaysia is a highly valued and long-standing trade and investment partner for the UAE, and this visit underlines the importance of face-to-face meetings as we seek to elevate our relationship. Our nations both recognise the developmental importance of open, rules-based trade and are committed to ensuring our private sectors are able to maximise the opportunities available in each other’s economies.

“We see considerable potential for greater trade and investment flows, particularly in high-growth sectors such as energy, logistics, manufacturing and financial services, and believe we can collaborate to further develop the Halal economy. We look forward to making progress on our CEPA negotiations and securing long-term, sustainable prosperity for both our nations.”

Echoing these sentiments, Zafrul Aziz stated, “The UAE is an important partner for Malaysia in the Middle East with whom we share a mutual commitment to enhancing trade and investment through open and fair-trade practices. This meeting is a testament to our joint efforts to build a more robust economic relationship that will benefit both our countries and regions.”

Al Zeyoudi, who was accompanied by a UAE delegation that included senior officials and representatives from the private sector, then attended a business roundtable, in which he underlined the potential for collaboration, particularly in the field of energy, the automotive sector and the Halal economy. This was followed by a networking meeting between business leaders from both countries, which sought to exchange experiences and discuss potential opportunities.

The UAE has been strengthening its ties with the ASEAN bloc in recent years. They have now signed Comprehensive Economic Partnership Agreements with Indonesia (July, 2022) and Cambodia (June, 2023), both of which are now in operation and helping to accelerate bilateral trade.

ALSO READ:

Previous Story

Gavaskar Tips Rohit-Kohli Opening Pair

Next Story

Dubai #1 in FDI inflows into cultural, creative industries

Latest from -Top News

World needs Dubai’s ambition: Morgan

Piers Morgan has hailed Dubai’s transformation as an example of what visionary leadership can achieve. British broadcaster Piers Morgan has praised the extraordinary ambition and vision of His Highness Sheikh Mohammed bin

Mohammed honours football champions

Ruler of Dubai hails players as role models during palace reception His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, received the

Abu Dhabi sets 2050 energy vision

Abu Dhabi unveils AED400 billion energy roadmap, inked climate finance pact ahead of 2026 UN Water Conference Abu Dhabi has unveiled a sweeping strategic framework to transform its energy and water sector

Gargash: UAE’s pragmatism sets regional example

Anwar Gargash says the UAE stands as a beacon of what is possible when pragmatism and vision come together. As political instability, economic fragmentation and rapid technological change continue to reshape the

US flag returns to Damascus

Billions in energy deals and lifted sanctions mark Syria’s reintegration, as US reopens embassy and declares the war-torn nation “open for business” under new regional partnerships. The United States has reopened its
Go toTop

Don't Miss

InSinkErator joins Tawazon on World Earth Day to achieve sustainability

InSinkErator is a business unit of Emerson and a manufacturer

Leaders hail new Pope

The UAE President expressed hope that the pontiff’s tenure would