Malaysia, Thailand committed to deepen cooperation to spur economic recovery | Malay Mail

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Malaysia, Thailand committed to deepen cooperation to spur economic recovery

BANGKOK, April 24 — Malaysia and Thailand are committed to strengthening their cooperation with regard to trade, investment and tourism to spur post-Covid-19 economic recovery in both countries, amidst the ongoing Russia-Ukraine conflict and global inflationary pressures.

He said the United States’ inflation climbed to 8.5 per cent in March, while the Euro area annual inflation also hit another record high of 7.5 per cent in the same period due to the war in Ukraine. On another note, the minister had welcomed Thailand’s move to scrap the RT-PCR test for fully-vaccinated international arrivals starting May 1, and added that Malaysia will also announce further relaxation of the standard operating procedures soon.

Mustapa said Thailand is Malaysia’s sixth-biggest trading partner in the world and its second-largest in Asean, with a trade value of RM98 billion in 2021, while Malaysia is Thailand’s fourth-largest trading partner in the world. To date, there are 1,000 Malaysian companies operating in various sectors, including manufacturing, banking, aviation and other services in Thailand.

 

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