Thailand, KL form trade body

Thailand, KL form trade body

KUALA LUMPUR (DPA): Malaysia and Thailand have agreed Thursday to set up a joint trade committee and a joint business council to help spur bilateral trade and investment cooperation.

The agreement was reached in talks between Malaysian Prime Minister Mahathir Mohamad and his Thai counterpart, Chavalit Yongchaiyudh, who arrived earlier Thursday on a two-day visit.

Malaysian Foreign Minister Abdullah Ahmad Badawi, briefing reporters afterwards, said both sides also agreed to revive a dormant joint agricultural committee in an effort to boost economic cooperation.

Chavalit had said that he plans to woo Malaysian investors to Thailand during his trip, and he is scheduled to give a talk on investment opportunities in Thailand to the Malaysian private sector on Friday.

Abdullah said both leaders also agreed to study the possibility of jointly developing disputed border areas for a mutual "win-win" benefit in a bid to resolve a 15-year-long demarcation problem of the Malaysian-Thai border.