PRESS RELEASE: INITIALLING OF THE FRAMEWORK AGREEMENT ON PARTNERSHIP AND COOPERATION BETWEEN THE GOVERNMENT OF MALAYSIA AND THE EUROPEAN UNION (MEUPCA) ON 6 APRIL 2016
FOR IMMEDIATE RELEASE
The MEUPCA provides an overarching strategic political framework for strengthening Malaysia-EU bilateral cooperation. Since the negotiations of MEUPCA commenced in October 2010, 11 rounds of negotiations had been held in Putrajaya and Brussels on a rotational basis. Malaysia and the EU successfully concluded the negotiations during the final round which was held on 7-8 December 2015 in Brussels.
The MEUPCA encompasses 60 articles covering a broad field of common interest in economic and non-economic sectors for Malaysia and the EU. It serves as a catalyst to the strengthening of bilateral relations between Malaysia and the EU and the enhancement of cooperation in wide-ranging areas including political relations, trade and investment, energy, transport, agriculture, finance, maritime affairs and other areas through dialogue and exchanges of information.
The MEUPCA is also an umbrella agreement that will provide the impetus in concluding other specific bilateral agreements. In particular, it will enable both sides to pursue Malaysia-EU Free Trade Agreement (MEUFTA) negotiations. The MEUFTA would give access for Malaysian products and services in the EU’s huge market base. Malaysia will also benefit from capacity building programmes, the sharing of best practices and knowledge transfer in the areas of science and technology, green technology, environment, education and health.
The Minister of Foreign Affairs of Malaysia and his EU counterpart will formally sign the MEUPCA at a mutually agreed date and venue.
Ministry of Foreign Affairs, Malaysia
6 April 2016