scorecardresearch
Wednesday, June 26, 2024
Support Our Journalism
HomeWorldMalaysia, China mark 50 years of ties with deals on development, durians

Malaysia, China mark 50 years of ties with deals on development, durians

Follow Us :
Text Size:

By Danial Azhar and Rozanna Latiff
KUALA LUMPUR (Reuters) – China and Malaysia signed a slew of deals on Wednesday, renewing a five-year economic co-operation pact and allowing exports of fresh durians, during a visit by Chinese Premier Li Qiang to mark 50 years of diplomatic ties.

Li met Malaysian Prime Minister Anwar Ibrahim in the administrative capital of Putrajaya, following his arrival in Kuala Lumpur on Tuesday.

“China is ready to work with Malaysia,” Li said in a statement, adding that focus areas included development strategies, mutually beneficial co-operation, and exchanges to promote the building of a China-Malaysia community.

After Wednesday’s closed-door meeting, Li and Anwar witnessed the signing of more than a dozen pacts on co-operation in areas ranging from the digital economy to green development, housing, tourism, and communications, among others.

The new five-year pact that runs until 2028 provides for strategic collaboration in areas such as trade and investment, agriculture, manufacturing, infrastructure and financial services, a statement after the meeting showed.

The five-year programme was first introduced in 2013.

China also agreed to allow imports of fresh durian from Malaysia after it meets sanitary requirements, the statement added.

Malaysia, one of the world’s biggest producers of the spiky, smelly fruit, was previously allowed to ship only the whole frozen fruit and its products to China, with exports valued at 1.19 billion ringgit ($253 million) in 2023.

The two countries also vowed to review visa-free travel arrangements set to expire in coming months.

China has been Malaysia’s largest trading partner since 2009, and the foreign ministry said total trade was valued at $98.9 billion in 2023.

Li is on the third leg of a trip that has included New Zealand and Australia, as China looks to expand influence and investments in the Asia-Pacific region amid tension and competition with the United States.

He is also expected to meet Malaysia’s King, Sultan Ibrahim, and attend a ground-breaking ceremony at a construction site for the East Coast Rail Link (ECRL), part of China’s Belt and Road Initiative, on Wednesday.

The 665-km (413-mile), 50-billion-ringgit ($11-billion) railway will link peninsular Malaysia’s east and west coasts by the end of 2026.

($1=4.7080 ringgit)

(Reporting by Danial Azhar; Writing by Rozanna Latiff; Editing by John Mair and Clarence Fernandez)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

Subscribe to our channels on YouTube, Telegram & WhatsApp

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here.

Support Our Journalism

  • Tags

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular