{"id":35497,"date":"2024-10-03T15:06:56","date_gmt":"2024-10-03T15:06:56","guid":{"rendered":"https:\/\/pakistanintheworld.pk\/live\/?p=35497"},"modified":"2024-10-04T09:35:23","modified_gmt":"2024-10-04T09:35:23","slug":"pakistan-malaysia-agree-to-strengthen-bilateral-economic-cooperation-enhance-trade-remove-barriers-in-key-sectors","status":"publish","type":"post","link":"https:\/\/pakistanintheworld.pk\/live\/pakistan-malaysia-agree-to-strengthen-bilateral-economic-cooperation-enhance-trade-remove-barriers-in-key-sectors\/","title":{"rendered":"Pakistan-Malaysia Agree to Strengthen Bilateral Economic Cooperation, Enhance trade, Remove Barriers in Key Sectors"},"content":{"rendered":"<h5><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-35500\" src=\"https:\/\/pakistanintheworld.pk\/live\/wp-content\/uploads\/2024\/10\/Malaysia_Pakistan_Cooperation_1.jpg\" alt=\"\" width=\"700\" height=\"468\" srcset=\"https:\/\/pakistanintheworld.pk\/live\/wp-content\/uploads\/2024\/10\/Malaysia_Pakistan_Cooperation_1.jpg 700w, https:\/\/pakistanintheworld.pk\/live\/wp-content\/uploads\/2024\/10\/Malaysia_Pakistan_Cooperation_1-300x201.jpg 300w, https:\/\/pakistanintheworld.pk\/live\/wp-content\/uploads\/2024\/10\/Malaysia_Pakistan_Cooperation_1-696x465.jpg 696w, https:\/\/pakistanintheworld.pk\/live\/wp-content\/uploads\/2024\/10\/Malaysia_Pakistan_Cooperation_1-628x420.jpg 628w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/>Islamabad : 3 October 2024 &#8211; Prime Minister of Pakistan Muhammad Shehbaz Sharif and Malaysian Prime Minister YAB Dato\u2019 Seri Anwar Ibrahim led their respective sides at wide-ranging delegation level talks at the Prime Minister\u2019s House today.<\/h5>\n<h5>The two Prime Ministers noted the historic and fraternal ties between Pakistan and Malaysia and emphasized the importance of regular high-level exchanges and strategic dialogue and strengthening of bilateral institutional mechanisms.<\/h5>\n<h5>Reaffirming Malaysia-Pakistan Comprehensive Economic Partnership Agreement (MPCEPA) signed on 8 November 2007 in Kuala Lumpur, the two sides agreed to strengthen bilateral economic cooperation, enhance trade, remove barriers in key sectors, provide level playing field, and address the trade imbalance.<\/h5>\n<h5><em><strong>In this context, both sides agreed to an early Joint Review Committee meeting for a comprehensive evaluation of the MPCEPA with the view to further strengthening the bilateral economic partnership.<\/strong><\/em><\/h5>\n<p><iframe loading=\"lazy\" title=\"Malaysian Prime Minister Welcomed by PM Pakistan - One on One Meet\" width=\"696\" height=\"522\" src=\"https:\/\/www.youtube.com\/embed\/eVfqU_JE5Rs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h5>Both sides agreed to enhance cooperation in processing of halal products. The Pakistan side offered to increase export of halal meat to Malaysia to meet their demand. Prime Minister Muhammad Shehbaz Sharif gave proposal of increasing export of Halal meat from Pakistan to Malaysia to 200 Million USD per annum.<\/h5>\n<h5>The two sides reaffirmed their strategic partnership and the importance of bilateral defence exchanges rooted in the MoU on Defense Cooperation signed on 1st August 1997; and appreciated the decisions taken at the 14th Joint Committee on Defense Cooperation (JCDC) held in November 2023 in Islamabad. Prime Minister Shehbaz Sharif welcomed Malaysia\u2019s decision to send a high-level delegation to participate in IDEAS 2024.<\/h5>\n<h5>The two sides agreed on the need to enhance educational linkages and cooperation between the institutes of higher learning and technical and vocational training. They recognized the importance of the tourism industry and youth exchanges in promoting people-to-people contacts, sustainable socio-economic growth, and in fostering mutual understanding between Pakistan and Malaysia.<\/h5>\n<blockquote class=\"wp-embedded-content\" data-secret=\"Pccx54iX9X\"><p><a href=\"https:\/\/pakistanintheworld.pk\/live\/pakistan-malaysia-prime-ministers-discuss-mechanism-to-enhance-bilateral-cooperation\/\">Pakistan Malaysia Prime Ministers Discuss Mechanism to Enhance Bilateral Cooperation<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Pakistan Malaysia Prime Ministers Discuss Mechanism to Enhance Bilateral Cooperation&#8221; &#8212; Pakistan In the World\" src=\"https:\/\/pakistanintheworld.pk\/live\/pakistan-malaysia-prime-ministers-discuss-mechanism-to-enhance-bilateral-cooperation\/embed\/#?secret=NCGAREN7ug#?secret=Pccx54iX9X\" data-secret=\"Pccx54iX9X\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h5>They welcomed the increase in tourism between the two countries and agreed to expand aviation cooperation and enhance bilateral business-to-business exchanges.The two sides also exchanged views on important regional and global developments including the situation in Palestine and the Middle East.<\/h5>\n<blockquote class=\"wp-embedded-content\" data-secret=\"I6Yi56hXMn\"><p><a href=\"https:\/\/pakistanintheworld.pk\/live\/pakistan-and-malaysia-sign-four-key-mous-to-boost-trade-relations\/\">Pakistan and Malaysia Sign Four Key MoUs to Boost Trade Relations<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Pakistan and Malaysia Sign Four Key MoUs to Boost Trade Relations&#8221; &#8212; Pakistan In the World\" src=\"https:\/\/pakistanintheworld.pk\/live\/pakistan-and-malaysia-sign-four-key-mous-to-boost-trade-relations\/embed\/#?secret=dQVNrv5Ps1#?secret=I6Yi56hXMn\" data-secret=\"I6Yi56hXMn\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h5>The two Prime Ministers also witnessed exchange of signed Memorandums of Understanding (MoUs) and a Letter of Cooperation. This included MoU between Trade Development Authority of Pakistan (TDAP) and Malaysia External Trade Development Cooperation (MATRADE) on trade cooperation, and MoU for cooperation in halal trade between Pakistan-Malaysia Business Council (PMBC) of Pakistan and Malaysia-Pakistan Business Council (MPBC) of Malaysia.<\/h5>\n<h5>A Letter of Cooperation between Pakistan Telecommunication Authority (PTA) and Malaysian Communications and Multimedia Commission (MCMC) was also signed.<\/h5>\n<h5>Prime Minister Shehbaz Sharif also hosted a luncheon in honour of the Malaysian Prime Minister and accompanying delegation.<img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-35502\" src=\"https:\/\/pakistanintheworld.pk\/live\/wp-content\/uploads\/2024\/10\/WhatsApp-Image-2024-10-03-at-7.28.36-PM-e1727967705995.jpg\" alt=\"\" width=\"600\" height=\"400\" \/><\/h5>\n<h5 style=\"text-align: center;\"><span style=\"color: #ff0000;\"><strong>PM Shehbaz pledges optimal support for Pak-Malaysian business communities to boost bilateral trade<\/strong><\/span><\/h5>\n<h5>Prime Minister Shehbaz Sharif on Thursday pledged to offer the best possible facilities to the Pakistani and Malaysian business communities to boost their commercial activities.<\/h5>\n<h5>Speaking at the Pakistan-Malaysia High Level Business Dialogue, he emphasized the strong bilateral relations between the two countries and highlighted the significance of collaboration between their business sectors for mutual prosperity.<\/h5>\n<h5>Referring to his discussions with visiting Malaysian Prime Minister Dato Seri Anwar Ibrahim, he stated that their meetings were highly productive, wherein they discussed issues being faced by the two countries.<\/h5>\n<blockquote class=\"wp-embedded-content\" data-secret=\"EW1K8hWX6x\"><p><a href=\"https:\/\/pakistanintheworld.pk\/live\/the-visit-of-prime-minister-dato-seri-anwar-ibrahim-of-malaysia-to-pakistan-opening-up-new-chapter-in-bilateral-cooperation-by-tazeen-akhtar\/\">The Visit of Prime Minister Dato&#8217; Seri Anwar Ibrahim of Malaysia to Pakistan &#8211; Opening up New Chapter in Bilateral Cooperation &#8211; by Tazeen Akhtar<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;The Visit of Prime Minister Dato&#8217; Seri Anwar Ibrahim of Malaysia to Pakistan &#8211; Opening up New Chapter in Bilateral Cooperation &#8211; by Tazeen Akhtar&#8221; &#8212; Pakistan In the World\" src=\"https:\/\/pakistanintheworld.pk\/live\/the-visit-of-prime-minister-dato-seri-anwar-ibrahim-of-malaysia-to-pakistan-opening-up-new-chapter-in-bilateral-cooperation-by-tazeen-akhtar\/embed\/#?secret=27Vskkhul0#?secret=EW1K8hWX6x\" data-secret=\"EW1K8hWX6x\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h5>He said the Malaysian prime minister had assured of his complete support for both Pakistani and Malaysian businessmen to collaborate on joint ventures in sectors such as Halal meat, information technology, and other areas of mutual interest. He said that PM Anwar Ibrahim&#8217;s visit would further enhance relations between the two countries.<\/h5>\n<h5>He said that Pakistan was fully geared up to grab the opportunity of exporting high-quality Halal meat to Malaysia as the agreement to the effect, besides many others, would be finalized during his forthcoming visit to the brotherly country.<\/h5>\n<h5>Malaysian PM Anwar Ibrahim on the occasion emphasized the importance of close contacts between the business communities of two countries to foster economic cooperation. He assured that Malaysia would continue its efforts to strengthen bilateral relations with Pakistan.<\/h5>\n<blockquote class=\"wp-embedded-content\" data-secret=\"i4uRDwXNJU\"><p><a href=\"https:\/\/pakistanintheworld.pk\/live\/pakistan-in-the-world-sep-oct-2024\/\">Pakistan in the World \u2013 Sep \/ Oct 2024<\/a><\/p><\/blockquote>\n<p><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Pakistan in the World \u2013 Sep \/ Oct 2024&#8221; &#8212; Pakistan In the World\" src=\"https:\/\/pakistanintheworld.pk\/live\/pakistan-in-the-world-sep-oct-2024\/embed\/#?secret=XobuEb0QXG#?secret=i4uRDwXNJU\" data-secret=\"i4uRDwXNJU\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad : 3 October 2024 &#8211; Prime Minister of Pakistan Muhammad Shehbaz Sharif and Malaysian Prime Minister YAB Dato\u2019 Seri Anwar Ibrahim led their respective sides at wide-ranging delegation level talks at the Prime Minister\u2019s House today. The two Prime Ministers noted the historic and fraternal ties between Pakistan and Malaysia and emphasized the importance [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":35500,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[686,448,3304,349,1251,319,48,2082],"_links":{"self":[{"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/posts\/35497"}],"collection":[{"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/comments?post=35497"}],"version-history":[{"count":7,"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/posts\/35497\/revisions"}],"predecessor-version":[{"id":35568,"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/posts\/35497\/revisions\/35568"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/media\/35500"}],"wp:attachment":[{"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/media?parent=35497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/categories?post=35497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistanintheworld.pk\/live\/wp-json\/wp\/v2\/tags?post=35497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}