HAMBURG: It is about time that Malaysia and the European Union (EU) rekindle discussion on a Free Trade Agreement (FTA) to further strengthen bilateral relations and regional integration, says Datuk Seri Prime Minister Anwar Ibrahim.
HAMBURG: It is about time that Malaysia and the European Union rekindle discussion on a Free Trade Agreement to further strengthen bilateral relations and regional integration, says Datuk Seri Prime Minister Anwar Ibrahim.
Malaysia is currently conducting a scoping exercise with the EU, to determine the gap in the positions and stances of both Putrajaya and the bloc for the FTA that had been postponed since 2012. He added that the national energy transition roadmap, on the other hand, embodies a forward-looking stance on environmental stewardship, outlining a comprehensive strategy to achieve net zero emissions by 2050.
“While detractors have conjured a ghost of past rivalries and are now even raising the spectre of imminent war, I do not subscribe to that line of thought,” he said. “Hence, Malaysia is ready to support Germany’s energy transition through natural gas as a transitional fuel. This will balance Germany’s immediate energy security needs with long-term sustainability goals,” he said.
In 2023, Malaysia’s total trade with Germany increased by 5.9% to RM63.45 billion compared with RM59.87 billion in 2022.
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