Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Posted By Global Banking and Finance Review

Posted on January 20, 2025

Malaysia and EU resume free trade negotiations

KUALA LUMPUR (Reuters) - Malaysia and the European Union have announced the resumption of negotiations for a free trade deal, 12 years after talks were put on hold over a disagreement related to the Southeast Asian country's palm oil industry. 

The decision was made following Prime Minister Anwar Ibrahim's working visit to Brussels on Sunday.  

"The free trade agreement is expected to unlock immense benefits across multiple sectors of Malaysia's economy while strengthening the global supply chain in critical sectors," Anwar's office said in a statement on Monday.

A free trade deal would boost EU investments in Malaysia in areas like manufacturing and green energy, it said, while bolstering exports to the EU market such as electrical and electronic products, optical and scientific equipment and palm oil and its derivatives. 

Malaysia is the world's second-largest palm oil exporter. 

European Commission President Ursula von der Leyen said a trade deal with Malaysia was about more than economic exchanges. 

"We will aim to build our partnership on robust commitments on labour rights and climate and environmental protection," she said in a statement.  

(Reporting by Ashley Tang; Editing by Martin Petty)

Recommended for you

  • RapidCents Enhances Merchant Payment Processing and Chargeback Protection with DeepSeek AI

  • Automakers urge USDOT to quickly restart federal EV charging program

  • International Criminal Court prosecutor Khan first to be hit by U.S. sanctions, sources say