Malaysia-India trade 'historic level'

The bilateral trade between Malaysia and India has reached its highest levels ever in 2011 surging by 32.7% to RM38.36 billion from RM28.91 billion in 2010. Malaysian trade commissioner Noraslan Hadi Abdul Kadir said the free trade agreement (FTA) signed between India and Malaysia in July 2011 has propelled bilateral trade to a "historic record level" in 2011 He said Malaysia also benefited from the FTA between the ASEAN group and India. "This is an all-time record level in trade with India, surpassing the previous best of RM35 billion in 2008," Malaysian news Agency (Bernama) quoted Kadir as saying. (QNA)