On April 22, 2021 - EUROCHAM Malaysia and the Federation of Malaysian Manufacturers (FMM) signed a Memorandum of Understanding (MOU) for the purpose of the formation and establishment of a joint Task Force to support the realisation of the EU-Malaysia Free Trade Agreement (“EU-MY FTA”).
The creation of the task force is to promote a positive dialogue between EU and Malaysia, as well as promote two-way trade and investment relations between EU and Malaysia, and collaborate on mutually agreed topics and initiatives.
“EUROCHAM Malaysia and FMM will work closely together to engage government agencies and stakeholders on both sides to encourage the signing of the EU-MY FTA” - Tan Sri Dato’ Soh Thian Lai.
“Malaysia has achieved significant milestones with CPTPP and RCEP, but several ASEAN countries such as Singapore and Vietnam have successfully concluded EU Free Trade Agreements or are in negotiation like Indonesia. EUROCHAM Malaysia believes that it is time to act and build on the momentum of RCEP” - Oliver Roche, Chairman EUROCHAM Malaysia.
Read more about it here on official joint press release here.