On 20 August 2024, the Prime Minister of Malaysia, Dato’ Seri Anwar Ibrahim visited India, accepting the kind invitation of the Prime Minister of India, Shri Narendra Modi to undertake a State Visit. This was the Malaysian Prime Minister’s first visit to the South Asian region, and the first meeting between the two Prime Ministers, allowing them to take stock of the enhanced strategic ties. The wide-ranging discussions included many areas that make India-Malaysia relations multi-layered and multi-faceted.
Prime Minister Anwar Ibrahim was accompanied by a high-level delegation which included the Minister of Foreign Affairs, Dato’ Seri Utama Haji Mohamad Bin Haji Hasan; Minister of Investment, Trade and Industry, Tengku Datuk Seri Zafrul Abdul Aziz; Minister of Tourism, Art & Culture, Datuk Seri Tiong King Sing; Minister of Digital, Gobind Singh Deo and Minister of Human Resources, Mr. Steven Sim.
Prime Minister Anwar Ibrahim was accorded a ceremonial reception at the Rashtrapati Bhavan and he visited Raj Ghat to pay tribute to Mahatma Gandhi. This was followed by bilateral talks between the two Prime Ministers. Thereafter, the Prime Ministers witnessed the exchange of bilateral documents. Prime Minister Anwar Ibrahim attended the banquet hosted by Prime Minister Modi. Prime Minister Anwar Ibrahim called on the President of India Smt. Droupadi Murmu. The External Affairs Minister of India, Dr. S. Jaishankar called on Prime Minister Anwar Ibrahim. Prime Minister Anwar Ibrahim also delivered a speech at the Indian Council of World Affairs.
Both Prime Ministers recognized that the Enhanced Strategic Partnership between India and Malaysia established in 2015 has helped in advancing bilateral ties into a multidimensional one. Recognising that the relations between India and Malaysia have evolved and matured across a broad spectrum of areas and that this deepening of engagement has significantly widened and intensified the relations, the Prime Ministers determined that the timing is propitious for relations to be further consolidated into a Comprehensive Strategic Partnership.
The two leaders noted with great satisfaction the deep-rooted ties of friendship and socio-cultural linkages between India and Malaysia, and its peoples. The countries’ shared history, complemented by the presence of a vibrant Indian diaspora in Malaysia ensures that the two countries remain trusted partners in the field of economic growth and development
Both Prime Ministers held discussions on the entire range of bilateral cooperation including political, defence and security cooperation, economic and trade, digital technologies, start-ups, fintech, energy including renewables, healthcare, higher education, culture, tourism and people-to-people relations.
Both leaders witnessed the exchange of MoUs on cooperation in the fields of Recruitment, Employment and Repatriation of Workers; Ayurveda and other Traditional Systems of Medicines; Digital Technologies; Culture, Arts and Heritage; Tourism; Public Administration and Governance Reforms; Youth and Sports; and Financial Services between Labuan Financial Services Authority (LFSA) and International Financial Services Centres Authority, India (IFSCA).
Malaysia appreciated India’s initiative in hosting the Voice of the Global South Summit (VOGSS), providing a platform by which countries of the Global South could deliberate and address their concerns, interests and priorities as well as exchange ideas and solutions. India appreciated Malaysia’s participation in all three editions of the VOGSS.
The two Prime Ministers noted with satisfaction the continued exchange of high-level visits between the countries. Acknowledging the importance of close interaction, they agreed to hold regular exchanges and dialogue on bilateral, plurilateral and multilateral issues of mutual interest, including regular convening of Joint Commission Meetings (JCMs) and Foreign Office Consultations.
The two Prime Ministers encouraged enhanced interaction and exchanges between the Parliaments of the two countries to further strengthen bilateral relations.
Both Prime Ministers recognised the important role of youth in the countries’ development, and, to this end, agreed to promote greater exchanges between the youth of both countries.
Both Prime Ministers expressed satisfaction on bilateral trade and acknowledged that trade is an important fulcrum of the two countries’ Enhanced Strategic Partnership, and welcomed the fact that bilateral trade has reached a record high of US$19.5 billion. They encouraged industry on both sides to further enhance bilateral trade in a sustainable manner for the mutual benefit of the two countries. In this regard, they expressed appreciation to the high-level CEOs Forum, and commended the convening of the ninth (9th) meeting in New Delhi on 19 August 2024.
The two Prime Ministers welcomed the growing bilateral investments and encouraged cooperation and investments across multiple sectors.
Both sides agreed to support and expedite the review process of ASEAN- India Trade in Goods Agreement (AITIGA) to make it more effective, user-friendly, simple, and trade-facilitative for businesses, aiming to achieve a substantial conclusion in 2025 and to strengthen supply chains between India and ASEAN countries.
Acknowledging the need to reflect on the contemporary economic priorities of the two counties, both Prime Ministers welcomed the discussions on convening the 2nd Joint Committee Meeting of Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA).
Both Prime Ministers appreciated the collaboration between the Reserve Bank of India and Bank Negara Malaysia to promote usage of local currency settlement in bilateral trade and investments, and encouraged industries on both sides to further facilitate the invoicing and settlement of trade in local currencies, i.e. Indian Rupee and Malaysian Ringgit.
In the area of digital cooperation, both Prime Ministers welcomed the signing of the MoU on Digital Technologies and encouraged the early convening of Malaysia-India Digital Council to guide engagement in the digital realm and accelerate collaboration in this area such as Digital Public Infrastructure, digital B2B partnership, digital capacity building, cyber security, emerging technologies such as 5G, quantum computing, cloud computing, Internet of Things among others, between the two countries.
The leaders recognized the digital economy priorities of both the countries and acknowledged the success of India’s Unified Payments Interface (UPI) and commended the ongoing engagements in the area of payment systems between India and Malaysia.
The two Prime Ministers welcomed the recent initiatives to promote greater tourism and people-to-people exchanges between the two countries, particularly the relaxation of visa regimes by both the countries. Both Prime Ministers expressed their commitment to enhancing tourism cooperation, sharing best practices in sustainable tourism, and exploring the potential for increased tourism flows between the two countries. India noted the designation of 2026 as Visit Malaysia and Malaysia’s welcome of additional Indian tourists in celebration of the year.
Prime Minister Anwar Ibrahim thanked Prime Minister Shri Modi for the warm reception and hospitality extended to him and his delegation for the visit, and invited the Prime Minister of India to undertake a visit to Malaysia in the near future, as mutually convenient.