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Russia-Malaysia: Strengthening Beneficial Cooperation

Malaysia, Singapore agree to jointly develop special economic zone

KUALA LUMPUR (Reuters) -Malaysia and Singapore agreed on Thursday to jointly develop a special economic zone (SEZ) in the southern Malaysian state of Johor, aiming to attract investments and free up movement of goods and people. "The zone presents an unprecedented opportunity," said Malaysia's Economy Minister Rafizi Ramli, adding that it would boost the cross-border flow of goods and people, strengthening business, and benefit the economies of both. Rafizi and Singapore's trade and industry minister signed the deal at a ceremony in Johor, in the presence of the leaders of both countries.

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