Malaysia’s first free trade agreement (FTA) with a member of the Gulf Cooperation Council (GCC) is expected to be signed in two months, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
Malaysia-UAE CEPA on track
The minister said the first Comprehensive Economic Partnership Agreement (CEPA) would pave the way for more FTAs with the GCC countries.
“From today, it takes two months for agencies to do the legal scrubbing,“ he told Bernama after the Economic & Public Finance Conference organised by the National Institute of Public Administration. Earlier in his speech, Tengku Zafrul said he and his UAE counterpart achieved conclusions on the CEPA today.
“In two months, both prime ministers will witness the final signing,“ he said. Malaysia will be the fifth nation, and the third in Southeast Asia, to sign a CEPA with UAE.
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