Thailand has expressed interest in learning Islamic Banking from Malaysia, especially Sukuk bond.
At a joint press conference after the second Joint Development Strategy (JDS) for Border Areas and the 11th Joint Commission for Bilateral Cooperation, Thailand Foreign Minister Kasit Piromya said cooperation in Islamic banking was also discussed at the meetings.
"We (Thailand) already have an Islamic banking industry, but it is still small, so we would like to develop it further.
"We have also agreed to explore a 'triangular cooperation' on Islamic banking with the Gulf Cooperation Council (GCC)," he told reporters.
Kasit said Thailand are also interested in learning how to develop the halal food production industry in the private sector and work together, instead of competing against one another, in the industry.
On Sabah itself, he expressed amazement on the vast development here and said he would be encouraging Thai businessmen to come here and explore possibilities of international cooperation.
"At the same time, I will try to meet Sabah Chief Minister Datuk Seri Musa Aman to extend an invitation to him to lead a delegation of Sabah officials and businessmen to look at the possibilities and opportunities for socio-economic, investment and tourism cooperation between both parties," he added.
Meanwhile, Foreign Affairs Minister Datuk Anifah Aman said the two areas Malaysia are keen to work with Thailand are in agriculture and health sector, namely the procurement of vaccines.
"Producing vaccines is one area of importance that we want to work together, especially in the current situation of the Influenza A (H1N1) outbreak.
"But we would like to work not only to curb the current pandemic but also others ... We want to develop biotechnology for particular vaccines," he added.
Malaysia is currently Thailand's fourth largest trading partner after Japan, United States and China.
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