India, Malaysia elevate ties to comprehensive strategic partnership
The Hindu
India and Malaysia elevate ties to comprehensive strategic partnership, focusing on trade, investment, and new areas of cooperation.
India and Malaysia on Tuesday (August 20, 2024) decided to elevate their ties to the level of comprehensive strategic partnership following talks between Prime Minister Narendra Modi and his Malaysian counterpart Anwar Ibrahim.
The two sides inked a number of pacts, including one on employment and repatriation of workers and another on boosting cooperation in the area of digital technologies.
Mr. Ibrahim began his three-day visit to India on Monday (August 19, 2024) night. It is his first visit to India as Prime Minister.
The larger focus of the PM Modi-Ibrahim talks was to expand trade and investment and explore cooperation in new and emerging areas.
We have decided that the India-Malaysia partnership will be elevated to a Comprehensive Strategic Partnership, PM Modi said in his media statement, adding there is a lot of potential for cooperation in the economic sphere.
PM Modi also described Malaysia as an “important partner” of India in the ASEAN (Association of Southeast Asian Nations) and Indo-Pacific region. We agreed that review of the free trade agreement between India and ASEAN should be completed in a timely manner.
The Prime Minister also said that work will be done to link India’s payment system UPI with Malaysia’s PayNet.
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