India Malaysia Relations

In this article we will discuss India Malaysia Relations

In this article, we will discuss India Malaysia Relations. So, let’s get started.

India Malaysia Relations

  • India established diplomatic relations with Malaysia in 1957.
  • Economic Relation:
  • India and Malaysia have signed the Comprehensive Economic Cooperation Agreement (CECA).
  • CECA is a kind of Free Trade Agreement (FTA).
  • India has also signed the Free Trade Agreement (FTA) in services and investments with the 10-member Association of Southeast Asian Nations (ASEAN).
  • Malaysia is the third largest trading partner in ASEAN.
  • Bilateral trade between India and Malaysia is significantly biased in favour of Malaysia.
  • Defence & Security Cooperation:
  • Joint military exercises “Harimau Shakti” are held annually between the two countries.
  • Traditional medicine:
  • India and Malaysia signed a MoU on cooperation in the field of Traditional Medicine in October 2010.
  • The Government of Malaysia has been working to popularize AYUSH (Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy) systems in Malaysia.
  • AYUSH systems are practiced in Malaysia.
  • Recent Developments:
  • In 2020, India resumed purchases of Malaysian palm oil after a gap of four-month following a diplomatic row between the two countries.
  • The former Prime Minister of Malaysia had criticised India’s Citizenship Amendment Act (CAA) which was considered as an interference in the internal matters of India

By competitiveworld27

Competitive World is your online guide for competitive exam preparation

Leave a Reply

Your email address will not be published. Required fields are marked *