February 9, 2023
1 min read

Thailand, Malaysia join hands for economic recovery

The economy was a top priority for both leaders, who discussed cooperation in trade, investment and infrastructure in the Thai-Malaysian border areas…reports Asian Lite News

Thai Prime Minister Prayut Chan-o-cha and visiting Malaysian Prime Minister Anwar Ibrahim have announced deepening collaboration to hasten economic recovery.

The two leaders met on Thursday during Anwar’s two-day official visit, which is part of his introductory tour to the members of the Association of Southeast Asian Nations (ASEAN) and his first visit to Thailand since taking office as Malaysia’s Prime Minister late last year.

The economy was a top priority for both leaders, who discussed cooperation in trade, investment and infrastructure in the Thai-Malaysian border areas, as well as in new areas such as digitalisation, energy and food safety, Xinhua news agency reported.

Speaking at a joint press conference, Prayut said both parties agreed to enhance the multifaceted cooperation to boost the economy and work towards a bilateral trade target of $30 billion by 2025 through increased trade and reduced barriers.

According to the joint press statement, the two leaders exchanged views on common concerns regarding international and regional challenges and reaffirmed their commitment to upholding ASEAN Centrality and collaborating to overcome global geo-political and socio-economic changes.

They further stressed the importance of speeding up ongoing projects, especially those enhancing connectivity and boosting economic activities between the two countries.

Both sides also discussed intensifying efforts to establish linkages between the Special Economic Zones in the border areas to promote long-term investment, and economic and social development.

ALSO READ: UK, SEC Thailand sign MoU on financial services

Previous Story

Zelensky in Brussels

Next Story

Quake death toll mounts to 21,000 in Turkey, Syria

Latest from -Top News

Trump unhappy with deadly strikes on Kyiv 

The president said he is “putting a lot of pressure” on both sides to end the war in Ukraine, following the deadliest attacks Kyiv has seen since last July  President Donald Trump

Macron: ‘We Stand with India’

Macron said that France will stand together with its allies and would continue the fight against terrorism wherever necessary….reports Asian Lite News French President Emmanuel Macron on Friday spoke to Prime Minister

Pakistan Slams IWT Move as ‘Act of War’

Islamabad also said that India’s decision to suspend the Indus Waters Treaty (IWT) will be considered as an “act of war”…reports Asian Lite News The high-level emergency meeting of Pakistan’s National Security
Go toTop

Don't Miss

Malaysia, Indonesia eye expansion of trade

Within the Association of Southeast Asian Nations, Indonesia is Malaysia’s

Cost of living: Malaysian PM eyes targeted subsidies

Anwar said while he is not against the use of