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

Rubio to host Quad partners in Washington

The July 1 meeting comes amid growing complexity in intra-Quad relations….reports Asian Lite News The United States will host a high-level Quad Foreign Ministers Meeting on July 1 in Washington, D.C., as

Miliband shuns £25bn renewable energy project

Whitehall sources say the government will emphasise a desire to focus on “homegrown” energy in a statement explaining its rejection of the Xlinks project The government is snubbing a £25bn renewable energy

India-China Talks on SCO Sidelines

Defence Minister Rajnath Singh said that he and General Don Jun had “constructive and forward-looking exchange of views” on issues related to bilateral ties….reports Asian Lite News Defence Minister Rajnath Singh met
Go toTop

Don't Miss

India, Malaysia can now make trade settlements in Indian Rupee

The move is significant, considering that Malaysia is the 13th

Malaysia suspends vaccinated travel lane with Singapore

The suspension will run from December 23 to January 20