China has listed Malaysia as the priority of any vaccine produced by the East Asian giant.
This was one of the things his Chinese Foreign Minister Wang Yi. He agreed to at a meeting during an official visit to the country today. Foreign Minister Datuk Seri Hishammuddin Hussein said.
He said in a press statement at the bilateral meeting: “We also welcomed China’s agreement to encourage Chinese enterprises to establish all-round cooperation with Malaysian partners in vaccine research & development, and distribution.”
The meeting also discussed the early conclusions of bilateral Memorandum of Understanding (MoU) negotiations on cooperation in the post-Covid-19 era.
Hishammuddin said that the memorandum of understanding provides a broad framework for pragmatic cooperation between the two countries in the post-pandemic period.
He said that he hopes to sign a memorandum of understanding once he can return to Beijing.
“We also agreed to establish a high-level committee on post Covid-19 cooperation, which will be co-chaired by both ministers of foreign affairs.”
He added: “The high-level committee will oversee the implementation of all understandings concluded within the framework of the MoU.”
Reciprocal Green Lane (RGL)
China and Malaysia are seeking business exchanges and official entry and exit between the two countries through the RGL program.
He said that only when circumstances permit, the two countries will jointly launch RGL.
After the meeting, Hishammuddin also stated that China has pledged to purchase 1.7 million tons of palm oil by 2023.
The agreement also triggered discussions on opportunities for trilateral cooperation using Malaysian palm oil and palm oil-based products. This is to solve food safety issues in third countries.
Hishammuddin said that Malaysia has been working with like-minded countries. This is to concentrate resources on building capabilities at key points in the global supply chain to strategically maintain food security.
He said: “I am proud to announce that China supports our vision and agenda on this, to transform vulnerability into collective resilience amongst our countries.”
Other issues discussed include the “One Belt One Road” initiative, the South China Sea, ASEAN, the Regional Comprehensive Economic Partnership (RCEP) agreement, the Asia-Pacific Economic Cooperation (APEC) issues and Sino-US relations.