Malaysia is a vital partner of the UAE in Southeast Asia

In the presence of His Highness Sheikh Mohammed bin Zayed Al Nahyan, President of the State, may God protect him, and the Prime Minister of Malaysia, Anwar Ibrahim, the UAE and Malaysia signed a comprehensive economic partnership agreement between the two countries, aiming to enhance trade, activate private sector cooperation, in addition to providing new opportunities for investment. In high-growth sectors in both countries.

The agreement was signed at the Abu Dhabi National Exhibition Center (ADNEC) by the Minister of State for Foreign Trade, Dr. Thani bin Ahmed Al Zeyoudi, and the Malaysian Minister of Investment, Trade and Industry, Zafrul Aziz.

On this occasion, His Highness Sheikh Mohammed bin Zayed Al Nahyan stressed the importance of the agreement in strengthening the economies of the two countries, noting that it culminates the strong relationship between the UAE and Malaysia.

His Highness said that Malaysia, with its rapidly growing economy and supportive policies for trade, is a vital partner in Southeast Asia, while the agreement aims to deepen our cooperation in key sectors, strengthen supply chains, activate investment potential, and open new doors for private sector growth in both countries.

The Comprehensive Economic Partnership Agreement between the UAE and Malaysia, after it enters into force, will reduce or eliminate customs duties on a wide range of goods, simplify trade procedures, and facilitate access to markets for service exports.

Malaysia is the fourth largest economy in Southeast Asia, and one of the largest trading partners of the UAE in the Association of Southeast Asian Nations (ASEAN) region, as the volume of non-oil trade between them reached $4.9 billion in 2023, while it reached four billion dollars during the first nine months. From 2024.

The UAE is also Malaysia’s second largest trading partner in the Arab world, representing 32% of Malaysia’s trade with Arab countries. It is expected that the agreement will consolidate the UAE’s position as a strategic center for Malaysian exports to the Middle East, North Africa and elsewhere, while opening the region’s market. Association of Southeast Asian Nations in front of Emirati investors and entrepreneurs.