Malaysia, Thailand aim to achieve 30 bln USD bilateral trade target

The two countries agreed to continue developing special border economic zones and simplify immigration and customs procedures to facilitate trade and travel between the two countries.

Kuala Lumpur (VNA) – Malaysia and Thailand have agreed to accelerate border connectivity projects, move forward with the development of special border economic zones, and facilitate trade with the goal of raising bilateral trade to 30 billion USD by 2027.

Malaysian Prime Minister Anwar Ibrahim said on July 9 that his talks with Thai counterpart Anutin Charnvirakul focused on resolving outstanding issues and strengthening cooperation in various fields.

Speaking at a joint press conference, Anwar said the two sides had reached several agreements ahead of their visit to the Bukit Kayu Hitam (Malaysia) and Sadao (Thailand) border areas on July 10. He described the visit as significant in expanding cooperation from the central level to border areas, demonstrating both countries' commitment to strengthening bilateral ties.

Physical and rail connectivity were among the key topics discussed, as approximately 40% of Malaysia–Thailand trade is conducted through cross-border cargo transport. The two leaders agreed to expedite the proposal to build a second bridge linking Rantau Panjang in Malaysia with Sungai Golok in Thailand. They also discussed the possibility of reviving the Rantau Panjang–Sungai Golok railway line.

In addition, the two countries agreed to continue developing special border economic zones and simplify immigration and customs procedures to facilitate trade and travel between the two countries.

Regarding trade, Anwar reaffirmed Malaysia and Thailand's commitment to achieving the bilateral trade target of 30 billion USD by 2027. The two leaders also discussed cooperation in potential sectors such as the halal industry and semiconductors./.

VNA

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