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Market Chatter: Malaysia, Thailand Resolve Seafood Trade Issues, to Sign MoU Soon

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Malaysia and Thailand have resolved their issues over seafood trade after the two sides agreed to sign a memorandum of understanding in the coming weeks, Thailand's Prime Minister Anutin Charnvirakul said at a joint press conference with his Malaysian counterpart, Prime Minister Datuk Seri Anwar, during his official visit to Malaysia.

The pact will help ease tensions over Kuala Lumpur's suspension of imports of five Thai shrimp species and Thailand's tighter import requirements for Malaysian seabass, according to local media reports on Thursday.

As per the reports, Ibrahim said both countries' ministers had committed to fast-tracking the agreement to ensure a swift resolution.

During Charnvirakul's visit, Malaysia and Thailand also signed a number of MoUs that will focus on cooperation in food security, energy security, and the digital economy, including high-tech industry development, according to a joint statement released by the Thai government.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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