Najib, Trump welcome US involvement in KL–Singapore High Speed Rail
KUALA LUMPUR (Sept 14): Malaysia Prime Minister Datuk Seri Najib Tun Razak and US President Donald Trump welcome US companies' participation in the planned Kuala Lumpur–Singapore High Speed Rail project to strengthen US-Malaysia economic cooperation.
According to a joint statement issued in conjunction with Najib's visit to the US, Najib and Trump pledged to create jobs and opportunities for people in both countries.
"Both leaders welcomed the involvement of the United States private sector in the development of the Kuala Lumpur-Singapore High-Speed Rail project.
"Both sides announced their intent to pursue trade and investment opportunities in the transportation and energy sectors and to address the bilateral trade imbalance," the statement said.
The statement said Malaysia and the US are committed to review regulatory frameworks to facilitate investments in their respective economies.
"The two countries recognised the importance of regular discussions under the Trade and Investment Framework Agreement to strengthen the trade relationship by removing barriers in key sectors," the statement added. — theedgemarkets.com