UK Foreign Office Minister for Indo-Pacific is in Malaysia for a 2-day
visit.
The UK and Malaysia will step up co-operation to drive economic
growth through trade and investment in key sectors.
Kicking off her visit today (10 March), the UK Minister for the
Indo-Pacific MP will witness the signing
of a Memorandum of Understanding for a semiconductor partnership
between a British and Malaysian company, advancing an already
strong relationship between the UK and Malaysia in the technology
sector.
Her visit comes 3 months after the UK joined Malaysia in the
Comprehensive and
Progressive Agreement for Trans-Pacific Partnership (CPTPP),
making it the first UK-Malaysia free trade agreement. By cutting
tariffs and reducing other market access barriers, this will
boost an already strong trading relationship worth over £5.7
billion annually and reinforce 2-way flows of investment.
During her 2-day visit to Malaysia, the Minister will hold
bilateral talks with Deputy Foreign Minister Datuk Mohamad bin
Haji Alamin. Alongside a strong message on mutual economic growth
and the green transition, the Minister will reiterate the UK's
support for Malaysia's chairmanship of ASEAN and our commitment
together on shared challenges from global health to international
peace and security.
Minister for the Indo-Pacific, said:
Three months since the UK joined Malaysia in the CPTPP,
eliminating tariffs and facilitating business partnerships, this
is a moment of opportunity to deepen our economic links and
advance our shared interest in sustainable and inclusive growth.
Technology is one of the sectors we can and must develop
together. I'm here in Malaysia to support that.
To achieve economic growth we must have strong and stable
foundations. That is why we will continue to work with Malaysia
on our shared priorities around regional security issues, global
health and the climate crisis.
The UK will remain an active, committed Dialogue Partner to ASEAN
– supporting ASEAN centrality and Malaysia's chairmanship of
ASEAN in 2025.
