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Lee and Malaysia’s Anwar Forge Plan for Free Trade Pact in Inaugural Phone Talks

Their plan to conclude a free trade agreement by year-end underscores a push to deepen cooperation across key economic and strategic sectors.

Overview

  • South Korean President Lee Jae Myung and Malaysian Prime Minister Anwar Ibrahim held their first direct phone talks on June 23, marking their inaugural bilateral exchange since Lee’s June 4 inauguration.
  • The leaders agreed to expand cooperation in trade, investment, infrastructure, digital transformation, green growth and defense.
  • They pledged to work toward concluding a South Korea–Malaysia free trade agreement by the end of 2025 to strengthen economic ties.
  • The call coincides with the 65th anniversary of diplomatic relations between the two countries.
  • Both nations are set to host major meetings later this year, with South Korea hosting the APEC summit and Malaysia overseeing ASEAN meetings.