KUALA LUMPUR: The renewed Border Trade Agreement (BTA) between Malaysia and Indonesia is expected to facilitate and revitalise economic activities and trade between both countries, says Deputy Investment, Trade and Industry Minister Liew Chin Tong (pic).
He said that it will contribute to the increase in the socio-economy of the residents at the Malaysia-Indonesia border in the Borneo region, as well as strengthen and foster closer relations between the two nations.
Liew said this in response to Senator Jaziri Alkaf Abdillah Suffian on the government’s efforts to improve the trade agreement or economic cooperation between Indonesia and Malaysia specifically in the Borneo region.
Liew said the BTA which was streamlined and improved was signed on June 8, 2023 in Putrajaya after 53 years, the first time it has been updated since being implemented in 1970.
"The BTA has been reviewed and negotiated since 2009 to ensure it is relevant and appropriate to keep up with the times,” he said. - Bernama
