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EU and Malaysia to Strengthen Fisheries Ties

by the Fish Site Editor
14 July 2009, at 1:00am

GENERAL - The European Union (EU) will further develop projects in the fisheries, services and forestry sectors with the respective local ministries to boost trade with Malaysia.

EU-Malaysia cooperation programme manager Pablo Iglesias Rumbo said today that total trade between both parties may decline slightly this year from €28 billion recorded last year, reports Bernama.com.

"This year, trade volume is expected to be less between the EU and Malaysia due to the global economic uncertainty," he said after a briefing on the EU-East Asean Growth Area (EAGA) Business and Technology Partnership here.

Rumbo said the trade deficit with Malaysia is also expected to continue as the EU has always been a top export destination.

the Fish Site Editor