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Malaysia, India to sign agreement on economic cooperation

02-16-2011 17:03 BJT

KUALA LUMPUR, Feb. 16 (Xinhua) -- Malaysia and India will sign a Comprehensive Economic Cooperation Agreement (CECA) on Friday, according to a statement issued by Indian High Commission to Malaysia on Wednesday.

The CECA will be signed by Malaysian International Trade and Industry Minister Mustapa Mohamed, and his Indian counterpart Anand Sharma.

The Indian High Commission in the statement that Sharma will visit Malaysia from Feb. 17 to 19, when he will pay a courtesy call on Najib, besides holding a bilateral meeting with Mustapa.

The Malaysia-India CECA is a free trade agreement that covers trade in goods and services, investment, as well as economic cooperation.

The negotiations that began in February 2008 had been put on pause after two rounds as both sides wanted to focus on completing the ASEAN-India Trade in Goods Agreement.

During Indian Prime Minister Manmohan Singh's visit to Malaysia in October, 2010, Najib expressed his confidence that the CECA would increase the bilateral trade between Malaysia and India to 15 billion U.S. dollars by 2015.

Editor:Du Xiaodan |Source: Xinhua

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