PM Dr.M: A mutual understanding is needed for the benefits of both nations (Malaysia, China)

 

 Prime Minister Dr. Mahathir Mohamad (left) meeting Premier of State Council of the People’s Republic of China, Li Keqiang at the Great Hall of the People in Beijing, Monday. – Picture AP

KUALA LUMPUR: Prime Minister Tun Dr. Mahathir Mohamad’s five-day visit to the People’s Republic of China including meeting the Prime Minister of State Council, Li Keqiang has agreed on a joint statement for the sustainability and steady development of the two nations’ comprehensive strategic partnership. 

Dr. Mahathir and Le Keqiang were optimistic of the prospect of bilateral relations between the two countries.

Prime Minister Dr. Mahathir stressed that confrontation will not solve any problem but an effort to reach a mutual understanding is needed for the benefits of both nations.

In the defence aspects, both parties have agreed to have a productive cooperation, law enforcement and counter-terrorism and agreed to advance cooperation (in the mentioned areas) with a view to jointly maintaining regional security and stability.

The Joint Statement also touches on the progress of Joint Development and Construction of the Littoral Mission Ship. Both parties agreed to hold the fourth joint working group meeting on combating transnational crime.

Both sides also underscored the importance of maintaining peace, security and stability, as well as safety and freedom of navigation in the South China Sea. 

Malaysia and China also emphasized the need for all sovereign states directly concerned to resolve their differences by peaceful means through friendly consultations and negotiations, in accordance with universally recognized principles of international law, including the 1982 United Nations Convention on the Law of the Sea. 

Both sides also emphasized the need for all parties to exercise self-restraint in the conduct of activities, and to avoid actions that would complicate or escalate tensions in the South China Sea. 

Both sides, together with the ASEAN Member States, will work for the full and effective implementation of the Declaration on the Conduct of Parties in the South China Sea (DOC) and encourage maritime cooperation, as well as actively push forward consultations on a Code of Conduct (COC) to see early conclusion of an effective COC.

Both sides shared the view that cooperation on multilateral affairs constitutes an important part of their comprehensive strategic partnership. 

Both sides agreed to strengthen cooperation at the United Nations and other multilateral form, enhance South-South cooperation, safeguard the interests of developing countries and promote the building of a new type of international relations featuring mutual respect, fairness, justice and win-win cooperation. 

Both Malaysia and China will jointly uphold multilateralism, oppose trade protectionism and unilateralism, uphold the purposes and principles of the Charter of the United Nations and the rules-based multilateral trading regime under the WTO, and promote an open, inclusive and balanced economic globalization that benefits all.

The meeting of the two nations’ leaders also agreed to renew and signed various agreements and memorandum of understanding (MOU).

The agreements include the Extension Agreement regarding the Chinese Yuan / Malaysian Ringgit Bilateral Currency Swap Arrangement between the People’s Bank of China and Bank Negara Malaysia, the Memorandum of Understanding between the Ministry of Finance of the People’s Republic of China and Securities Commission Malaysia on Accounting and Audit Cross-Border Regulatory Cooperation.

The agreement includes the Protocol of Inspection and Quarantine Requirements for the Export of Frozen Durian from Malaysia to China between the General Administration of Customs of the People’s Republic of China and the Ministry of Agriculture and Agro-based Industry of Malaysia.

Meanwhile, the Memorandum of Understandings signed include Hainan State Farms Bureau and Hainan State Farms Investment Holdings Group Co., Ltd. and Malaysian Rubber Board on Collaboration in the Area of Rubberized Bitumen Road Technology and Rubber Tapping Automation and Mechanisation and the Memorandum of Understanding between Tsinghua University and Malaysian Palm Oil Board on Technology Development and Promotion of Malaysian Palm Biofuel. –Malaysia World News

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