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Industries Ministry to Devise PTA With Malaysia

Industries Ministry to Devise PTA With Malaysia
Industries Ministry to Devise PTA With Malaysia

The Cabinet has given the Ministry of Industries, Mining and Trade the green light to take measures for devising a preferential trade agreement with Malaysia. 
The ministry is tasked with carrying out negotiations and taking legal steps to successfully strike the final deal, Otaghiranonline.ir reported. 
Negotiations on a PTA with the Southeast Asian country started in October 2020 and the prospective agreement is aimed at improving trade between the two countries.
At an Islamic summit in Kuala Lumpur in 2019, President Hassan Rouhani said Muslim countries need to improve their cooperation to stand against the pressure imposed by world powers. 
"There must not be any problem hindering Muslim countries' cooperation … Muslims are from the same family and need to feel responsible toward each other," he was quoted as saying by the presidential website. 
 

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