MALAYSIA’S total trade with the European Union (EU) grew by 26% to US$43.5 billion (RM180.2 billion) in 2021.
Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said bilateral trade between Malaysia and the EU rebounded last year, despite the effects of the pandemic, and the EU remains an important trading partner to the country.
He added that Malaysia offers unparalleled advantages for businesses and investors, and acts not just as a gateway to the region, but to markets globally.
With that, the minister said Malaysia also welcomes initiatives by the European Commission to engage the Indo-Pacific region in establishing a more inclusive, multi-pronged and robust partnership between the EU and the region, through the EU Strategy for Cooperation in the Indo-Pacific.