Malaysia - Uzbekistan JTC to be reactivated

Investment Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz announced Malaysia and Uzbekistan agreed to reactivate the Joint Trade Committee (JTC) meeting.

He said that the JTC serves as a platform to address issues of interest; discuss existing and possible new areas of cooperation; strengthen private sector collaboration and further encourage trade and investment between the two countries.

He also said there are numerous opportunities for Malaysian companies in the Central Asia region.

“We are pleased to have achieved RM2.4 billion of cumulative potential exports from the businesses in Kazakhstan and Uzbekistan,” he said in a Facebook post.

He stressed that this significant figure reflects their respective business communities’ growing trust in Malaysia as a strategic partner in trade and investment.

He added that through MATRADE’s presence in Almaty and Tashkent, they will expand business opportunities for Malaysian companies, and MITI will ensure these will translate into commercial opportunities for Malaysian SMEs, and jobs for Malaysians.

“MITI will ensure that those export commitments are realized as quickly as possible to support Malaysia’s GDP growth,’’ he said.

He was part of the delegation accompanying Prime Minister Datuk Seri Anwar Ibrahim on his official visit to Kyrgyzstan, Kazakhstan, and Uzbekistan from May 14-19.