Modern, Dynamic Free Trade Agreement Will Bring Mutual Benefits -- MITI

KUALA LUMPUR, Jan 20 (Bernama) -- A modern and dynamic free trade agreement will bring mutual benefits, open doors to new business opportunities and improve supply chain resilience.

The Ministry of Investment, Trade and Industry (MITI) said that in the current ever-changing geopolitical landscape, it is important to build new partnerships, foster collaborations and explore new opportunities.

Prime Minister Datuk Seri Anwar Ibrahim and European Commission President Ursula von der Leyen, today announced the resumption of negotiations on the Malaysia-European Union Free Trade Agreement (MEUFTA).

The announcement was made in conjunction with the prime minister's working visit to Brussels, Belgium on Jan 19-20, 2025.

“Following the announcement, Minister of Investment, Trade and Industry, Tengku Datuk Seri Zafrul Abdul Aziz and the Commissioner for Trade and Economic Security of the European Commission, Maros Sefcovic welcomed the resumption of negotiations on the MEUFTA, an important moment in the improvement of trade relations and economic integration of both parties.

“We welcome a productive first round of negotiations in the coming months,” MITI said in a statement today.

-- BERNAMA