The UAE and Malaysia are steadily finalizing their economic partnership: Foreign Trade Minister Thani bin Ahmed Al Zeyoudi concluded negotiations with Malaysia’s Investment, Trade, and Industry Minister Zafrul Aziz regarding an economic partnership between the two countries, Wam reports. This agreement aims to eliminate or reduce tariffs, decrease trade barriers, and boost mutual investments.

The UAE aims to capitalize on this agreement to boost certain sectors: Malaysia offers several opportunities for UAE firms, especially in high-growth sectors such as energy, logistics, manufacturing, and financial services, Al Zeyoudi said. Malaysia currently ranks as the UAE’s 12th largest Asian trading partner, with the non-oil trade between the two nations amounting to USD 2.5 bn in 1H 2024.

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