Malaysia and Brunei have agreed to speed up the implementation of previously signed agreements on marine and land border-related issues.

Malaysian Prime Minister Datuk Seri Najib Tu Razak who is visiting Brunei and the Sultan of Brunei Hassanal Bolkiah reached the consensus during their talks on August 5.

The two leaders emphasised the need to strengthen security and work together to cope with the adverse impacts of the global economic and financial crisis as well as dealing with the threat of the A/H1N1 influenza virus.

They also intend to foster economic development in both countries.

A joint statement released after the talks said that Malaysia and Brunei would increase the flow of investment in agriculture and food processing. Brunei will also promote investment in palm oil production in Malaysia .

Malaysia and Brunei both agreed to cooperate in developing hydroelectric power and tourism projects, according to the statement./.