KUALA LUMPUR: Malaysia has agreed in principle to exempt certain Palestinian agricultural and food products from customs duties.
Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz announced this significant trade concession during a memorandum of understanding exchange ceremony.
“Malaysia stands firmly behind Palestine to help rebuild its economy and establish the foundations for socio-economic recovery,“ he stated.
The minister expressed Malaysia’s commitment to working closely with Palestinian partners to deliver tangible mutual benefits for both nations.
The memorandum of understanding on trade and economic cooperation was exchanged between MITI secretary-general Datuk Hairil Yahri Yaacob and Palestinian ambassador to Malaysia Walid Abu Ali.
Prime Minister Datuk Seri Anwar Ibrahim witnessed the signing ceremony that formalised this enhanced economic partnership. – Bernama
