BANDAR SERI BEGAWAN – Brunei’s trade volume with Malaysia reached RM$5 billion ($1.56 billion) in the first half of 2022, the Malaysian High Commissioner to Brunei said on Wednesday.
Speaking at a reception to celebrate Malaysia’s 65th Independence Day, Dato’ Raja Reza Raja Zaib Shah said, “Looking at this positive momentum, it is not impossible that the trade value of the two countries would reach RM10 billion ($3.1 billion) by the end of this year”.
“If this is the case, we will witness for the first time in history a double-digit record of bilateral trade between Malaysia and Brunei,” he said.
In 2021, Malaysia and Brunei recorded a trade volume of RM8.03 billion ($2.49 billion), an increase of 70% compared to 2020.
Malaysia was also one of the top travel destinations for Bruneians before the pandemic, with Bruneians contributing $1.16 billion in tourism receipts in 2019.
Source: The Scoop
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September 23, 2022
