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Malaysia and China boost ties with slew of agreements [29-04-2011]  
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Malaysia and China have taken a major step forward in bilateral relations with a slew of agreements signed and a pledge to break barriers.

Prime Minister Datuk Seri Najib Tun Razak and Chinese Premier Wen Jiabao expressed their desire to outdo achievements in the bilateral sphere for the good of both nations.

A total of eight agreements and MoUs were signed in the presence of both leaders yesterday.

Among others, Malaysia and China have agreed that bilateral trade be settled in local currencies. A student exchange programme is also to be introduced next year.

A traditional Chinese medicine centre of excellence will be set up in Malaysia, while Bank Negara will establish a representative office in Beijing.

Eight agreements and MoUs have been signed between Malaysia and China.

They are:

> A framework agreement to facilitate mutual recognition in academic higher education qualifications signed by Higher Education Minister Datuk Seri Khaled Nordin and Chinese Foreign Affairs Minister Yang Jiechi;

> AN agreement to expand and deepen economic and trade cooperation signed by International Trade and Industry Minister Datuk Seri Mustapa Mohamed and Chinese Commerce Minister Chen Deming;

> AN MoU between Beijing Foreign Studies University (BFSU) and Universiti Malaya (UM) on a joint Chinese Studies Centre signed between UM Vice-Chancellor Prof Datuk Dr Ghauth Jasmon and BFSU president Chen Yulu;

> AN MoU on resolving traffic congestion in Penang island between the Penang Government and Beijing Urban Construction Group Co Ltd signed by Penang state secretary Datuk Farizan Darus and company chairman Liu Longhua;

> MoU on MSC Malaysia Human Capital Development Programme in ICT between Multimedia Development Corporation Sdn Bhd (MDeC) and Dream Catcher Consulting Sdn Bhd with Huawei Technologies (Malaysia) Sdn Bhd, signed by MDeC CEO Datuk Badlisham Ghazali and Huawei Malaysia managing director Dai Jingyue;

> A contract between Janakuasa Sdn Bhd and China Huadian Engineering Co Ltd (CHEC) signed by Janakuasa chairman Tan Sri Dr Abdul Hamid Pawanteh and CHEC chairman Sun Qingsong;

> A frame contract for supply of network infrastructure and services between DiGi Telecommunications (M) Sdn Bhd and ZTE Corporation China signed by DiGi CEO Henrik Clausen and ZTE CEO Shi Lirong; and

> A joint-venture agreement between Smelter Asia Sdn Bhd and Aluminium Corp of China Ltd (Chalco) signed by Smelter chairman Mohamed Ali Rasjed Alabbar and Chalco deputy general manager Zhang Chengzhong.

Source:THE STAR
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