Malaysia,Thailand target US$30bil bilateral trade by 2027

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Malaysia,Thailand target US$30bil bilateral trade by 2027
MITIBilateral TradeThailand
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BERLIN (Reuters) - Turkey's Italian coach Vincenzo Montella has been embraced by the nation following his side's 2-1 win over Austria which took them into the Euro 2024 quarter-finals where they will face Netherlands on Saturday.

KUALA LUMPUR: Malaysia and Thailand are targeting a bilateral trade of US$30 billion by 2027 following the third Malaysia - Thailand Joint Trade Committee meeting held today.

In a joint media statement, the Ministry of Investment, Trade and Investment said trade between Malaysia and Thailand averaged US$24.73 billion per annum in the past seven years , recording the highest value in 2022 at US$27.74 billion. MITI said among the key agreements reached was the establishment of a Trade and Investment Task Force to enhance border trade facilitation in order to achieve the trade target and increase cross-border connectivity.

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