THE BUSINESS OF INTERNATIONAL TRADE
The UK and Malaysia have agreed to strengthen trade ties, as a first Joint Committee meeting took place earlier this week on Tuesday November 24.
The meeting was co-chaired by HM Trade Commissioner for Asia Pacific, Natalie Black CBE, and Deputy Secretary General for Trade for the Malaysian Ministry of International Trade and Industry, Mr Hairil Yahri Yaacob.
The meeting was the first of its kind between the two nations, and featured business presentations from groups including the UK-ASEAN Business Council and the SME International Trade Association of Malaysia.
As one of its first acts, the Joint Committee organised 6 working groups to focus on improved bilateral relations and market access in sectors including legal services, wine and spirits, and education.
The UK's representative, Natalie Black, summarised the meeting by saying that "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."
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