Business council with Syria to be established.

By bne IntelliNews February 4, 2011
Malaysia and Syria are likely to set up a business council in the country to encourage companies from both countries to actively participate in each other's trade and investment activities. As reported by Asia Pulse, the Malaysia External Trade Development Corporation (MATRADE) and Syrian Export Development and Promotion Agency (EDPA) signed a memorandum of understanding on cooperation in the promotion of trade. According to data released by the Ministry of International Trade and Industry (MITI), the country's bilateral trade with Syria grew more than two-fold to USD 177.64mn in 2009 from USD 67.55mn in 2000.

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