Economy Minister meets Malaysian parliamentary delegation to strengthen economic ties

Georgian Economy Minister Natia Turnava met with Malaysian parliamentary delegation led by Speaker of the House of Representatives Mohamad Ariff Md Yusof earlier today to strengthen economic ties between Georgia and Malaysia.

Malaysian side expressed interest in deeper cooperation in fields such as tourism, trade, logistics, transport, business and education.

We said to the Malysian side that six per cent of our gross domestic product will be spent on education from 2022 as education is a high priority for us. We also spoke about vocational education and agreed to help our universities implement exchange programmes,” said Turnava.

The Malaysian side expressed interest in the effectiveness of the free trade agreements Georgia has with the European Union, China, and the countries of the Commonwealth of Independent States (CIS).

Turnava and the Malaysian delegation agreed to hold joint business forums and arrange business delegation visits between the countries.

2903 Malaysian tourists visited Georgia in 2019 which is two times more compared to 2018. 

Diplomatic relations with Malaysia were established on May 7, 1993.

Malaysia is one of the fastest-growing economies in Southeastern Asia. It’s a member of Association of Southeast Asian Nations (ASEAN) and a signatory to the Treaty of Amity and Cooperation in Southeast Asia, which Georgia also seeks to join.