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Malaysia’s trade policy guided by centrality principle, says PM

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KUALA LUMPUR: Malaysia’s approach to trade agreements will continue to be guided by the principle of centrality, giving balanced attention to all major economic partners.

Prime Minister Datuk Seri Anwar Ibrahim stated that the government prioritises key partners including Russia and China while maintaining its independent stance in pursuing trade and investment opportunities.

He confirmed this position to reporters before a bilateral meeting with Russian Deputy Prime Minister Alexey Overchuk on the sidelines of the 47th ASEAN Summit and Related Summits.

Anwar emphasised the importance of trade and investments while adhering to Malaysia’s centrality principle.

Yesterday, Malaysia and the United States signed a reciprocal trade agreement that will allow Malaysia greater market access than previously agreed.

Regarding his meeting with Overchuk, Anwar said Malaysia remains committed to enhancing bilateral relations with Russia across various sectors.

These sectors include research, education, science, trade, and investment.

“We will continue bilateral relations, and we have good relations with Russia,” he said.

He added that the strong ties were further strengthened during his official visit to Russia in May this year.

“I had a good meeting with President Vladimir Putin at the Kremlin, Russia,” he said.

Malaysia and Russia established diplomatic relations in 1967.

Ties between the two nations have since expanded across multiple sectors including defence, science and technology, and people-to-people exchanges.

Malaysia, as ASEAN Chair 2025, is currently hosting more than 30 world leaders from the ASEAN region and beyond.

Attending leaders include those from the United States, China, Japan, South Korea, Brazil, Australia, New Zealand and South Africa.

Leaders from international organisations such as the United Nations, the International Monetary Fund, the World Bank, and FIFA are also attending the summits.

The three-day 47th ASEAN Summit and Related Summits conclude tomorrow. – Bernama

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