February 9, 2023
1 min read

Thailand, Malaysia join hands for economic recovery

The economy was a top priority for both leaders, who discussed cooperation in trade, investment and infrastructure in the Thai-Malaysian border areas…reports Asian Lite News

Thai Prime Minister Prayut Chan-o-cha and visiting Malaysian Prime Minister Anwar Ibrahim have announced deepening collaboration to hasten economic recovery.

The two leaders met on Thursday during Anwar’s two-day official visit, which is part of his introductory tour to the members of the Association of Southeast Asian Nations (ASEAN) and his first visit to Thailand since taking office as Malaysia’s Prime Minister late last year.

The economy was a top priority for both leaders, who discussed cooperation in trade, investment and infrastructure in the Thai-Malaysian border areas, as well as in new areas such as digitalisation, energy and food safety, Xinhua news agency reported.

Speaking at a joint press conference, Prayut said both parties agreed to enhance the multifaceted cooperation to boost the economy and work towards a bilateral trade target of $30 billion by 2025 through increased trade and reduced barriers.

According to the joint press statement, the two leaders exchanged views on common concerns regarding international and regional challenges and reaffirmed their commitment to upholding ASEAN Centrality and collaborating to overcome global geo-political and socio-economic changes.

They further stressed the importance of speeding up ongoing projects, especially those enhancing connectivity and boosting economic activities between the two countries.

Both sides also discussed intensifying efforts to establish linkages between the Special Economic Zones in the border areas to promote long-term investment, and economic and social development.

ALSO READ: UK, SEC Thailand sign MoU on financial services

Previous Story

Zelensky in Brussels

Next Story

Quake death toll mounts to 21,000 in Turkey, Syria

Latest from -Top News

Multi-alignment, upgraded

With US ties strained and China tense, New Delhi taps Europe’s harder edge for co-development, clean tech and strategic autonomy, writes Manoj Menon India is recalibrating its great-power hedging as frictions with

Reeves urged to break manifesto pledges

Chancellor under pressure as £40bn fiscal gap looms, with critics warning against a “pasty tax” budget of piecemeal revenue raisers…reports Asian Lite News Rachel Reeves is facing growing unease inside Labour’s ranks

Starmer to Visit India on Wednesday

UK and India to cement strategic ties with new free trade agreement and deeper cooperation across defence, technology and climate Prime Minister Keir Starmer will make his first official visit to India

UAE, India join on child services

The United Arab Emirates and India have opened discussions to enhance cooperation in integrated child development services, focusing on early childhood education, nutrition, and child participation initiatives. The talks took place on
Go toTop

Don't Miss

Malaysia rules out total shutdown

Malaysia has seen a spike in fresh Covid-9 infections over

Will ASEAN line up with Indonesia against China?

The most recent subtle initiative Indonesia has taken is to