Tengku Zafrul: Malaysia, UAE enhance trade prospects after concluding CEPA negotiations

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Tengku Zafrul: Malaysia, UAE enhance trade prospects after concluding CEPA negotiations
MalaysiaUAEZafrul Abdul Aziz
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KUALA LUMPUR: Malaysia and the United Arab Emirates have successfully concluded the negotiations for a Comprehensive Economic Partnership Agreement , set to eliminate or reduce tariffs, lower trade barriers, foster private-sector collaboration, and create new investment opportunities.

"The CEPA is also a strategic leverage for UAE-based companies to optimise Malaysia as a gateway into the ASEAN market, which, in turn, will provide tremendous opportunities for our businesses - particularly small and medium enterprises - through integration into regional supply chains, capacity-building and knowledge sharing via the UAE investors.

"Malaysia is a long-standing and trusted trade partner that, like the UAE, is seeking to enhance its economic prospects through increased trade and targeted investment. "This ambitious strategy not only enhances ties within the ASEAN bloc but also positions Malaysia as a key player in this economic landscape, benefiting from existing CEPAs with Indonesia and Cambodia that further stimulate bilateral trade opportunities,” it said.

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Malaysia UAE Zafrul Abdul Aziz CEPA ASEAN GCC MITI

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