Putrajaya, Jan 11- Turkey and Malaysia are both targeting to increase bilateral trade by more than two-folds to US$5 billion in five years from US$1.5 billion at present, said Turkish Prime Minister Recep Tayyip Erdogan.
“There are countless opportunities for us and we can take joint steps to explore the energy, automotive, information and communication technology and infrastructure fields.
“Malaysia and Turkey are now in the spotlight given their rising economies which is attracting a lot of investment potential,” Erdogan said after holding bilateral talks with Prime Minister Datuk Seri Najib Tun Razak here Friday.
Describing his two-day visit as fruitful, Erdogan said both leaders have agreed to issue a joint declaration on the framework for strategic cooperation between Malaysia and Turkey.
“We just signed a strategic cooperation action plan document which would pave the way for cooperation in the coming years.
“Malaysia has become the fifth country to sign this high-level strategic document with us after China, South Korea, Indonesia and Japan,” he added.
The joint declaration essentially outlines the possible areas of cooperation for both countries in trade and investment, defence, tourism, sports and youth, energy, culture and higher education.
– Bernama
