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Malaysia, South Korea strive to boost Asia-Pacific economy

Malaysia, South Korea strive to boost Asia-Pacific economy

20 Apr 2020

Malaysia and South Korea strive to strengthen the economy of Asia-Pacific region without neglecting the health and welfare of the people, said International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali.

In a video conference with his South Korean counterpart Yoo Myung-Hee today, Mohamed Azmin said many important aspects were discussed, including the economy of the region, Regional Comprehensive Economic Partnership (RCEP) agreement, and COVID-19.

He said both countries agreed that while health considerations must remain paramount, economic vibrancy and protecting livelihoods of citizens were equally imperative.

“We shared notes on how our respective governments are dealing with the pandemic, as well as the economic consequences arising therefrom.

“We concurred that it (RCEP) is crucial for the region to move ahead with it sooner rather than later,” he said in a post on his Twitter account.

The RCEP is a regional agreement that aims to liberalise trade and investment, and to strengthen economic cooperation in Asia-Pacific economies.

source: Bernama

Posted on : 20 April 2020