Malaysia, Turkey to sign free trade agreement

Malaysia and Turkey aim to sign a Free Trade Agreement in April.

Malaysia, Turkey to sign free trade agreement

World Bulletin / News Desk

Turkey and Malaysia approach regional and global developments from a same perspective as shown in their partnerships at the UN, Organization for Islamic Cooperation (OIC), and D-8 establishments, Turkish Prime Minister Recep Tayyip Erdogan said on Thursday.

Turkey’s visit to the country marks the 50th anniversary of bilateral relations between Turkey and Malaysia, Erdogan emphasized at a joint press conference with his Malaysian counterpart Najip Tun Razak in capital Kuala Lumpur after the two prime ministers met for tete-a-tete and inter-delegation talks at the Malaysian prime ministry building.

Emphasizing that the two countries which share religious and cultural values can prove the compatibility of Islam and democracy to the world, Erdogan said, "Malaysia has determined its 2020 goals, as Turkey also has a 2023 vision. We can undertake sustainable and solidarity-based cooperation to reach these goals."

Turkey and Malaysia signed a Strategic Cooperation Action Plan agreement during the visit, Turkey's fifth such agreement with a South Asian country after those with China, South Korea, Indonesia and Japan.

Erdogan also suggested to sign the Free Trade Agreement in April. Turkey and Malaysia aim to increase their current trade volume of $1.5 billion to $5 billion in five years, Erdogan said.

Thursday’s visit was Erdogan's fourth to Malaysia since his term as Istanbul mayor. Razak last visited Turkey in 2011.

Erdogan added that the reciprocal and daily flights to occur between Turkey and Malaysia are very important to developing closer relations.

The Turkish prime minister made his first overseas trip in 2014 to South Asia in a tour that also covered Japan and Singapore.

Güncelleme Tarihi: 10 Ocak 2014, 11:39