Kuwait–Malaysia relations

Kuwait–Malaysia relations

Kuwait
Malaysia

Kuwait–Malaysia relations refers to bilateral foreign relations between the two countries, Kuwait and Malaysia. Kuwait has an embassy in Kuala Lumpur, and Malaysia has an embassy in Kuwait City.[1] Relations between the two countries are mainly in economic co-operation.

Economic relations

Malaysia is one of the major trade partners for Kuwait;[2] bilateral trade had jumped from U$79.3 in 1996 to U$507 million in 2006.[3] Currently, Kuwait Finance House which is considered as the largest Islamic bank on the Persian Gulf also has started operating in Malaysia since 2008.[4] Several agreements such as avoidance of tax were signed,[5] and both countries are currently looking any possibilities to work together on other areas such education, tourism and the halal industry.[6] In 2013, Kuwait and Malaysia agreed to boost bilateral co-operation in education.[7]

See also

Further reading

References

  1. ↑ "Official Website of Embassy of Malaysia, Kuwait City". Ministry of Foreign Affairs, Malaysia. Retrieved 28 January 2014.
  2. ↑ "Kuwait Major Trade Partners". Bridgat. Retrieved 28 January 2014.
  3. ↑ "MALAYSIA LURES FOREIGN INVESTORS". Malaysia Today. 17 January 2008. Retrieved 28 January 2014.
  4. ↑ Soraya Permatasari (21 March 2007). "Kuwait Finance House Plans to Expand in Malaysia". Bloomberg. Retrieved 28 January 2014.
  5. ↑ "AGREEMENT BETWEEN THE GOVERNMENT OF MALAYSIA AND THE GOVERNMENT OF THE STATE OF KUWAIT FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME AND FOR THE FOSTERING OF ECONOMIC RELATIONS" (PDF). Inland Revenue Board of Malaysia. 1 January 1988. Retrieved 28 January 2014.
  6. ↑ "Deputy Foreign Minister Dato' Lee Chee Leong highlights Malaysian govt's excellent bilateral relations with Kuwait Government.". Malaysian Chinese Association. 15 December 2009. Retrieved 28 January 2014.
  7. ↑ "Kuwait, Malaysia to strengthen academic cooperation". Kuwait News Agency. 5 December 2013. Retrieved 28 January 2014.
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