MANAMA (Bahrain): Malaysia is hopeful that negotiations for the Free Trade Agreement (FTA) between the Gulf Cooperation Council (GCC) and Malaysia can commence as soon as possible, Prime Minister Datuk Seri Abdullah Ahmad Badawi said.
“I strongly believe that an FTA will have a significant impact in improving the status of bilateral trade and investment between Malaysia and the Gulf region which unfortunately it still small,” he said.
He said the business communities of the Gulf region would also find the prospect of an FTA very enticing because Malaysia could be used as a platform to penetrate the Asean market and other lucrative markets of Malaysia’s FTA partners such as Japan, China and South Korea.
Edited from : The Star
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