There is room for improvement in bilateral trade between Malaysia and Russia, which stood at US$2.2 billion in 2016, Deputy Foreign Minister Marzuki Yahya said today. Marzuki said bilateral trade between both countries could be significantly boosted by diversifying the portfolio and prospects of industries, including energy, medicine, aviation and aerospace, as well as IT-related services and products.
"Cooperation in high value-added industries is the way to go," he said in his keynote address during the opening of the 'A Changing Asia in a Transforming World' regional conference in Kuala Lumpur today
The two-day regional conference is jointly organised by Moscow-based thinktank Valdai Discussion Club and the Institute of Strategic and International Studies.
Read more: Malaysiakini