KUALA LUMPUR, Oct 12 (Bernama) -- The European Union (EU) recognises Malaysia’s ambition to move further up the semiconductor value chain, with its Global Gateway investment initiative and the proposed Malaysia-EU Free Trade Agreement (MEUFTA) offering opportunities to strengthen economic cooperation between the two sides.
Business : EU Backs Malaysiaâs Push To Move Up Semiconductor Value Chain Via Global Gateway
European Union, Jozef Síkela, Malaysia–Europe
BE Bernama 
Key takeaways
The EU supports Malaysia's goal to advance in the semiconductor value chain through the Global Gateway initiative and MEUFTA negotiations.
- EU acknowledges Malaysia's role as a key semiconductor hub and supports its growth.
- Global Gateway aims to strengthen economic ties and diversify supply chains.
- MEUFTA negotiations seek to reduce trade barriers and boost market access.
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