UK and Malaysia agree to deepen trading relationship in first Joint Committee
Yesterday (Tuesday 24 November) the UK and Malaysia held the first Joint Committee on Bilateral Trade and Investment Cooperation.
Her Majesty’s Trade Commissioner for Asia Pacific, Natalie Black CBE, co-chaired the meeting alongside Deputy Secretary General (Trade) for the Ministry of International Trade and Industry (MITI), Mr Hairil Yahri Yaacob.
The Joint Committee will strengthen trade ties between the UK and Malaysia and boost cooperation for future trade and investment.
Today’s meeting was the first of its kind between the two countries and brought together government and business representatives, including presentations by the UK-ASEAN Business Council and the SME International Trade Association of Malaysia (SMITA).
The Joint Committee commissioned 6 working groups to develop further bilateral cooperation and improve market access. This includes areas of high interest to the UK such as legal services, wines and spirits, and education.
Her Majesty’s Trade Commissioner for Asia Pacific, Natalie Black CBE, said:
“I’m delighted that today’s inaugural meeting of the UK-Malaysia Joint Committee on trade and investment has agreed a programme of cooperation in support of our shared ambition to remove barriers to trade and create new opportunities for business.
“The UK and Malaysia enjoy a strong and healthy trade and investment relationship which has the potential for significant further growth contributing to the prosperity of both countries.”