The European Union and Malaysia are slated to sign a partnership cooperation agreement in January 2019. According to Malaysia’s Deputy Prime Minister Dr Wan Azizah Wan Ismail, her country will be looking beyond bilateral trade and investment once the agreement is signed.
Wan Azizah met with the EU’s High Representative of the EU for Foreign Affairs and Security Policy, Federica Mogherini, on October 18.
As reported by New Straits Times online, the partnership cooperation agreement will cover bilateral and multilateral cooperation comprising politics, economics, trade, investment, justice, culture, education, science and technology, healthcare, agriculture, tourism, energy, traffic, and environment.
“In our discussion, Federica Maria said the EU considers Malaysia as its important partner in the ASEAN region and is willing to cooperate for the common good,” said Wan Azizah. “We also talked about the palm oil industry and the EU understands that it is the main source of (income of) 650,000 Malaysian smallholders.
“With some revaluation, including this, the [partnership agreement] between Malaysia and the EU has been planned to be signed in January next year,” she said.