(Kuala Lumpur, 3rd) The European Union Ambassador to Malaysia, Raphael D’Aell, pointed out that Malaysia is an important partner for the EU, and with the continuous advancement of the Malaysia-EU Free Trade Agreement (MEUFTA) negotiations, bilateral relations are currently on an upward trend.
He said that the EU and Malaysia share similar philosophies in many areas, including being vibrant democratic countries, trade-oriented market economies, and strong reliance on and support for international law and a rules-based multilateral framework.
"Given the broader geopolitical and geoeconomic developments and their resulting impacts, enhancing resilience has become increasingly important, especially in achieving supply chain diversification and consolidating sustainable and mutually beneficial trade partnerships."
He made these remarks during an interview with Bernama in conjunction with the May 9th Europe Day celebrations.
D’Aell mentioned that as the world’s largest single market, accounting for about 16% of the global economy with nearly 450 million consumers and high purchasing power, the EU is currently Malaysia’s fourth largest trading partner. Historically and cumulatively, the EU is also one of Malaysia’s largest sources of investment.
He added that, over the past 20 years, the EU has created over 150,000 jobs in Malaysia.
"Our economic ties are close. Judging from the statistical data and trade surplus, the growth potential between Malaysia and the EU is even greater and higher than with other countries or regions, while intra-ASEAN trade also still has room for improvement. Currently, Malaysia is the EU’s 20th largest goods trading partner."
D’Aell pointed out that, in terms of population and economic scale, Malaysia has similarities with some EU member states. Furthermore, Malaysia plays a role on multiple international platforms, including ASEAN and the Organisation of Islamic Cooperation (OIC), making cooperation on the international stage especially important for both sides.
Speaking on the MEUFTA, he said both sides are committed to achieving an ambitious and comprehensive agreement and have already made good progress.
"In the past ten months, we have conducted three rounds of negotiations, and the fourth round will be held from June 8th to 12th in Kuala Lumpur, with the EU delegation coming to Malaysia. The goal is to complete negotiations before the 50th anniversary of ASEAN-EU diplomatic relations in autumn (Q4) of 2027."
"Our aim is to enhance overall trade and investment. Given the strong political will demonstrated at the highest levels on both sides, as well as the commitment of the negotiation teams, I am very optimistic about reaching an agreement that will bring substantial benefits for both parties."
Regarding the Europe Day reception to be held in Malaysia on May 11th, D’Aell said that this will be an important opportunity to reaffirm and celebrate cooperation and a reliable, predictable partnership.
He said the reception will gather representatives from EU member states, government and institutions, civil society, as well as the international and business communities, to thank all parties for their contributions in strengthening EU-Malaysia relations.
D’Aell said that Europe Day is jointly celebrated by the 27 EU member states, with 17 member states having embassies in Malaysia and 10 countries having envoys stationed in Malaysia.
"As Team Europe, we are delighted to collaborate with Malaysia, especially considering the tremendous potential in further strengthening our relations in many sectors, starting with trade and mutual investment, including key areas such as semiconductors, green and emerging technologies, and also beyond the economic field."