Malaysia, India may ink free-trade deal
MALAYSIA: Malaysia and India are on target to sign a free-trade
agreement by year end, Malaysia's trade ministry said as officials
readied for a third round of talks.
"Malaysia and India are on track towards formalising a bilateral
trade liberalisation pact under the Malaysia-India Comprehensive
Economic Cooperation Agreement," the Ministry of International Trade and
Industry said in a statement Saturday.
It said negotiators were working towards meeting the year-end
deadline set by Prime Minister Najib Razak and his Indian counterpart
Manmohan Singh when they met in India in mid-January.
The third round of trade negotiations will resume on March 29-31 in
Kuala Lumpur after a delay of two years. The last round of talks was
held in New Delhi in April, 2008.
"We have just got into substantive negotiations. After two years we
are resuming the negotiations. We will go through all the issues," a
senior Malaysian trade official told AFP.
Kuala Lumpur and New Delhi want the negotiations completed ahead of
the Indian prime minister's visit to Malaysia, expected around late
October, the official added.
The trade pact was expected to further boost trade and investment
between the two countries. Last year, India was Malaysia's twelfth
largest trading partner.
Kuala Lumpur, Monday, AFP |