Malaysia and South Korea are poised to strengthen bilateral investment through a new free trade agreement (FTA), particularly in high-value sectors like semiconductors, electronics, and automotive. Minister Tengku Zafrul said the FTA will complement the broader RCEP deal by offering more specific, tailored commitments.
Malaysia-South Korea FTA Nears Completion, Promises Boost in Investment
While negotiations began in 2019, progress was delayed over concerns about the readiness of certain Malaysian industries to liberalise. However, talks have now reached the final phase and are expected to conclude during the ASEAN Summit in Kuala Lumpur this October. The FTA is seen as a strategic move to unlock more market access and investment flows.
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