Mr. Nath inaugurates 'Malaysia-India Business Opportunities' Seminar
27 Nov '07
3 min read
Shri Kamal Nath, Union Minister of Commerce and Industry, has informed that a proposal is underway for commencing negotiations for an India-Malaysia Comprehensive Economic Cooperation Agreement (CECA) from January 2008.
Inaugurating a Seminar on “Malaysia-India Business Opportunities”, organized by the Confederation of Indian Industry (CII), the Minister said: “I am confident that this Agreement would take our bilateral relations to newer heights and would contribute to the growth of our economies”.
To take the trade and investment relations forward, both the countries had set up a Joint Study Group (JSG), and have recently adopted the JSG which recommended the establishment of a CECA, he added.
The India-Malaysia Joint Study Group has outlined the huge potential for trade in goods, services and investment between the two countries.
Shri Kamal Nath exuberated confidence that the recently concluded Joint Study Group estimate of catapulting the bilateral trade to US $ 16 billion by 2012 would be achievable.
During the occasion, Hon. Dato' Seri Rafidah Aziz, Minister of International Trade and Industry, Malaysia, stated that Malaysia and India have continued to deepen the relationship and the scope of cooperation has expanded to cover many areas of trade, investment, education and tourism.
The Malaysian Minister further emphasized that Seminar is to provide the business communities of the two countries with: (a) an updateof trade and investment opportunities in both countries; and (b) explore possibilities for cooperation in trade, investment, services and collaboration in other areas of mutual interest.
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