Malaysia, Mesir kembang kerjasama perdagangan dan pelaburan, teroka bidang baharu

Malaysia and Egypt are focusing efforts to expand trade and investment cooperation, enhance bilateral air travel, and explore new economic sectors, according to the Joint Committee meeting scheduled for the first half of next year, announced Malaysian Prime Minister Anwar Ibrahim. The meeting, approved by ministers of both countries, aims to translate the growing bilateral relations into broader economic opportunities.

While bilateral trade has surged by 74.7% this year, the growth started from a very low base, offering ample space for further development.

The remarkable increase this year was achieved, with trade rising to 74.7%, but it began from a very low base, said the Prime Minister during a joint press conference with Egyptian President Abdel Fattah El-Sisi, marking his two-day state visit to Malaysia. The Prime Minister stated that Malaysia sees vast potential for expanding cooperation with Egypt in several sectors, including semiconductors, electrical and electronics (E&E), agriculture, and pharmaceuticals.

Malaysia also anticipates the rapidly growing economy, including BRICS nations, as a promising source for pharmaceutical products, with Egypt among the countries capable of meeting this demand. Egypt is seen as a potential destination for obtaining pharmaceutical supplies, said Anwar.