On November 5, during the first China International Import Expo, National Development and Reform Commission Director He Lifeng and Maltese Minister for Foreign Affairs and Trade Promotion Abela signed the Understanding between the People's Republic of China and the Republic of Malta on Jointly Promoting the Silk Road Economic Belt and the Construction of the Marine Silk Road in the 21st Century in Shanghai, according to the NDRC website. Memorandum. Maltese Prime Minister Muscat, Ambassador Zhuo Jiaying and Chinese Ambassador Jiang Jiang attended the signing ceremony.
Malta connects the European, African and Middle East plates. It integrates the attributes of EU member states, Schengen region countries and euro zone countries. It has advantages in laws, regulations, taxation and fund settlement. In 2014, the governments of China and Malaysia signed the medium-term cooperation plan, which provides guidance for improving the level of practical cooperation between China and Malaysia in an all-round way.
In 2015, Malta joined the Asia Investment Bank as a founding member. In 2017, the trade volume between China and Malaysia increased by 31.4% year on year. Shanghai Electric Power, Huawei, CITIC Fusion Leasing, and Yaben Chemicals have steadily promoted their cooperation in Malaysia.