The US and Malaysia have agreed to upgrade bilateral ties between the two countries to a comprehensive partnership.

Speaking at joint press conference with the visiting US President Barack Obama after their meeting on April 27, Malaysian Prime Minister Najib Razak has stressed that the event marks a new phase in the bilateral relations between the two countries, with stronger cooperation in the economy, security, education, science and technology.

The Malaysian PM said that both sides also agreed to resume senior official dialogue between them, adding that agreements reached during Obama’s visit will be a sound foundation for future cooperation between the two sides.

The two leaders also discussed the negotiation process of Trans-Pacific Partnership (TPP) Agreement and analyzed the agreement’s impacts on economic cooperation between their countries.

Two-way trade between Malaysia and the US reached an average of 35 billion USD per year in the 2010-2013 period. Last year, the US was the largest foreign investor in Malaysia, pouring 1.9 billion USD into the Southeast Asian country.

The host and guest also exchanged their views on the East Sea issue, underscoring the importance of observance of international law including the UN Convention on the Law of the Sea (UNCLOS).-VNA