Minister of International Trade and Industry of Malaysia Mustapa Mohamed said free trade talks with Iran are underway, announcing that Malaysia is seeking for developing trade relations with other countries.
Mustapa Mohamed emphasized that Malaysia enjoys free trade agreement with 13 countries at the moment.
Speaking in an interview with a Malaysian media, Berita Daily, Mohamed said ‘Malaysia would continue pursuing free trade agreements (FTA)’.
‘We have one with Turkey and will talk to Iran. We don’t have one with US and three other countries, yet” he added.
‘Malaysia would follow the template of the Trans Pacific Partnership Agreement (TPPA) in pushing for more trade opportunities with other countries’ he said.
In the wake of President Hassan Rouhani’s trip to Kuala Lumpur, Mustapa Mohamed heading an economic delegation from Malaysia had a trip to Tehran on October 21 to expand ties with Iran.
During his tour, Malaysian minister expressed willingness to boost trade ties with Iran in different fields, such as oil and gas, tourism, education and car industry.