Minister of International Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz has announced that Malaysia and Singapore are set to sign a memorandum of cooperation (MOC) in digital and green economy, the first for Putrajaya. Tengku Zafrul acknowledged that digital trade is among the fastest-growing trades and will surpass physical trade by 2025. Tengku Zafrul said the discussion with Singapore on the MOC in digital trade and the green economy started last year and has been presented to the Cabinet, which has given its approval for it to be concluded soon. Malaysia is a member of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, many other ASEAN free trade agreements, and the Regional Comprehensive Economic Partnership. The MOC is following a framework of cooperation concluded by both countries in August 2022.
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