Malaysian Prime Minister Anwar Ibrahim has expressed his favorable stance regarding Sri Lanka's request to initiate negotiations for a free trade agreement (FTA) between the two nations. This potential FTA could usher in new opportunities for trade and foster economic cooperation between the countries.

The affirmation of Malaysia's interest in exploring an FTA with Sri Lanka came during bilateral discussions between Prime Minister Anwar Ibrahim and Sri Lankan President Ranil Wickremesinghe on the sidelines of the United Nations General Assembly (UNGA) in New York on September 20.

This significant dialogue underscores the willingness of both nations to strengthen economic ties and explore avenues for mutually beneficial trade partnerships. An FTA between Malaysia and Sri Lanka holds the potential to boost trade volumes, enhance market access, and create a conducive environment for economic growth.

Additionally, it has been revealed that the Malaysian Foreign Minister is scheduled to attend the Indian Ocean Rim Association (IORA) meeting in Colombo next month. This commitment by Malaysia to participate in the IORA meeting underscores the nation's dedication to regional cooperation and engagement within the Indian Ocean region.

As discussions progress and negotiations begin for the potential FTA, both Malaysia and Sri Lanka look forward to exploring the benefits and opportunities that enhanced trade relations can bring to their respective economies.