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Malaysia urges to bolster Russia-ASEAN economic ties — diplomat

Логотип TASS TASS 30.05.2017 TASS

SINGAPORE, May 30. /TASS/. Malaysia intends "to undertake several initiatives to promote closer economic engagement" of Russia and the ASEAN member countries, the Director General of the ASEAN-Malaysia National Secretariat Jojie Samuel told TASS.

"Total trade between ASEAN and Russia stood at USD 13.4 billion in 2015. ASEAN’s exports to Russia amounted to USD 4.0 billion while imports from Russia were recorded at USD 9.4 billion," the senior diplomat from the Malaysian Ministry of Foreign Affairs said, stressing that thus "Russia is ASEAN’s 8th largest trading partner".

"Malaysia hopes to undertake several initiatives to promote closer economic engagement such as through the exchange of business visits, convening of business seminars, trade fairs and language courses," Jojie Samuel told TASS.

"We believe that with the establishment of the ASEAN Community in 2015, there will be greater economic integration in the region. In this regard, we hope that Russia will capitalise on the greater opportunities that would be made available in ASEAN," the diplomat went on.

"One promising area which I wish to mention is energy cooperation," he emphasized. "On this, the ASEAN-Russia Energy Cooperation Work Plan 2016-2020 is a significant development, marking the willingness and readiness of ASEAN and Russia to deepen cooperation," the diplomat added.


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