EEC and Government of Malaysia discussed promising areas of cooperation
An online presentation of the Eurasian Economic Union was held at the Eurasian Economic Commission for Malaysian officials. The event was moderated by Mikael Belluyan, Director of the EEC Integration Development Department, and Dr. Rashidi Said, Senior Director of Bilateral Economic and Trade Relations at the Ministry of Investment, Trade and Industry (MITI) of Malaysia.

"The EEC's well-developed cooperation infrastructure with ASEAN and the region's countries creates a solid foundation for expanding trade and economic ties between the EAEU and Malaysia," Mikael Belluyan emphasized. "One of the promising steps could be the conclusion of a memorandum of cooperation. It is in this format that the Commission is already working successfully with the majority of ASEAN countries.”


Dr. Rashidi Said emphasized that Malaysia is developing bilateral trade and economic relations with all EAEU countries, strengthening contacts at the level of senior government officials. This indicates high potential and mutual interest.

 

EEC representatives briefed their Malaysian partners on the current status and development prospects of the EAEU. Particular attention was paid to trade policy, key initiatives in the field of industry and agriculture, customs regulation, and the development of transport and logistics infrastructure. Ensuring the safety of products supplied to the EAEU market was also discussed. Good opportunities were noted for exchanging best practices in the implementation of innovative technologies in the real sector of the economy, as well as in matters of regulating the halal product market.

On behalf of Malaysia, representatives from the Ministry of Investment, Trade and Industry, the Ministry of Transport, the Malaysian External Trade Development Corporation, and the Malaysian Investment Development Authority participated in the presentation.

Malaysia is the EAEU's fourth largest trading partner among ASEAN countries, behind only Singapore, Vietnam and Indonesia. The strengths of the Malaysian economy are its developed mineral resource base, agriculture, industry and tourism.