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India,
Malaysia to expedite deals for improving economic ties
Tuesday May 03, 2011 09:35:01 PM,
IANS
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Kuala Lumpur: India and
Malaysia have agreed to expedite talks on finalising a double
taxation avoidance agreement, and also hoped for early completion
of the India-ASEAN Free Trade Agreement in Services and
Investment, Indian External Affairs minister S.M. Krishna said
here Tuesday.
"We have had an in-depth exchange of views on how we can make
early progress on issues such as a revised Double Taxation
Avoidance Agreement and a MoU on Customs Cooperation, as well as
operationalization of the Joint Working Group on
Counter-Terrorism," Krishna told reporters after meeting with his
counterpart, Anifah Aman to chair the fifth India-Malaysia Joint
Commission Meeting,
"We have also requested the Malaysian side to consider greater
imports from India as a way of having balanced and sustainable
trade in the long term," he said.
Krishna added that they hoped that with Malaysia being the ASEAN
coordinator, the India-ASEAN free trade agreement in services and
investment will be completed early.
"We regard Malaysia as one of our key interlocutors in ASEAN and
we discussed the importance of strengthening India-ASEAN ties. The
early completion of the Free Trade Agreement in Services and
Investments, which, we hope that Malaysia, as ASEAN coordinator,
will facilitate, is desirable," said the minister.
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