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10 APRIL 2024

Monday, July 1, 2013

Najib to focus on doubling bilateral trade in London visit


Prime Minister Najib Abdul Razak's four-day working visit to the United Kingdom will further enhance the already blooming relations between the two countries.

The visit is also to ensure that bilateral trade between the two countries is on track to achieve the target of doubling the trade to RM26 billion by 2016, according to the Malaysian high commissioner to the United Kingdom, Zakaria Sulong.

Speaking in London, Zakaria said the goal of doubling bilateral trade between Malaysia and the UK was among the important issues that would be discussed during the meeting between Najib and his British counterpart David Cameron on Thursday.

The agreement to increase bilateral trade between the two countries from RM13.64 billion last year to RM26 billion within the next three years was reached by the two leaders during Cameron's first official visit to Malaysia in April last year, since being appointed as Britain's Prime Minister in May 2010 and also to reciprocate Najib's official visit to the UK in 2011.

Zakaria said meeting the target would be a challenge for both countries, considering the annual growth rate in bilateral trade between the two countries was at 2.1 percent.

However, with the existence of a special working group involving the British High Commission and Malaysia's International Trade and Industry Ministry, he was confident the group would be able to identify new areas that could be explored for mutual benefit.

Zakaria was speaking to Malaysian journalists here yesterday in conjunction with Najib's official visit to London beginning today.
Working visit
Najib is expected to arrive here today from Tanzania after a three-day working visit to the African country where he also attended the Global Smart Partnership Dialogue 2013 since Saturday.

Zakaria said Najib and Cameron were expected to hold bilateral discussions on Thursday before both perform the ground-breaking for the Battersea Power Station project, near here.

The redevelopment of the power station is at a cost of 8 billion pounds (RM39.2 billion).
It is owned by a Malaysian consortium comprising the Employees Provident Fund (EPF), Sime Darby Bhd and SP Setia Bhd, and is Malaysia's biggest project in the UK.

Zakaria said Najib's meeting with Cameron was also expected to touch on the Global Movement of Moderates (GMM) that was introduced by Najib, the concept of which could be applied in facing a changing situation in the UK from homogeneity to multiculturalism, which would be challenging for that country.

The two leaders would also touch on developments taking place around the globe, especially on the turmoil in Syria and the world trade situation which was still sluggish at the moment, he said.

- Bernama 

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