Malaysia will encourage the investment of its business in Russia

The Malaysian government intends to encourage companies to invest more in Russia. This was announced today by the Minister of International Trade and Industry of Malaysia Mustapa Mohamed following the results of a bilateral meeting with the Minister of Economic Development of Russia Alexei Ulyukaev - reported IA "Prime".

"We had a good meeting. We have made great progress and intend to sign a memorandum on the creation of a joint commission with the aim of developing Russian-Malaysian cooperation," Mohamed said. As he added, "trade between the countries is currently developing dynamically." "However, the presence of Russia in Malaysia is not significant yet, especially in the field of investments," the Minister of International Trade and Industry emphasized.

He recalled that Malaysia has invested over $ 1 billion in Gazprom. “We can say that this is our only major investment. However, we export a wide range of products including electronics and hardware. We expect to increase our supplies to Russia, so we intend to encourage our companies to invest more in Russia, "Mohamed concluded.