Malaysia, Russia To Explore Ways To Beef Up Trade, Investment And Enable Seamless Transactions
BUSINESS
Malaysian Ambassador to Russia Datuk Cheong Loon Lai holds a press conference in conjunction with Prime Minister Datuk Seri Anwar Ibrahim's four-day official visit to Russia beginning today (May 13).
From Sharifah Hunaini Syed Ismail
MOSCOW, May 13 (Bernama) -- Malaysia and Russia will explore ways to beef up trade and investment linkages while enabling seamless transactions between them to strengthen economic ties and cooperation during Prime Minister Datuk Seri Anwar Ibrahim's visit to Russia, Malaysia's Ambassador to Russia, Datuk Cheong Loon Lai, said Monday.
'The issue of payments was also discussed when the Prime Minister visited Vladivostok (for the Kazan Economic Forum) last year. I think both sides are very much engaged in finding ways (to facilitate seamless transactions and bolster trade relations).
'Interestingly, despite the challenges, trade between the two countries has been on an uptrend. Not only with Malaysia but trade and businesses between Russia with other countries in ASEAN have also been on the rise,' Cheong said.
He cited how Russia and Vietnam have had vibrant business exchanges taking place,' he told a press conference ahead of Anwar's arrival today in the Russian capital for his official visit.
While here, the Prime Minister will meet Russian President Vladimir Putin and the country's Prime Minister, Mikhail Mishustin.
Anwar will head to Kazan in the Republic of Tatarstan on May 15 to attend the 16th International Economic Forum, entitled 'Russia-Islamic World: KazanForum'.
Cheong said Moscow has a lot to offer, especially in terms of technology.
'They are advanced in various technologies, and they have been keen to offer the expertise that they have,' he said, adding that both sides would explore ways to collaborate in these areas.
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