The bilateral trade between Malaysia and Thailand is targeted to reach $30 billion by 2027, according to the third Malaysia-Thailand Joint Trade Committee (JTC) meeting. The two countries have been actively working to enhance their economic ties, with trade between them averaging $24.73 billion per year from 2017 to 2023. Despite a decrease in bilateral trade in 2023 to $24.83 billion, Malaysia remained Thailand's largest trading partner in ASEAN. To further strengthen their trade relationship, Malaysia and Thailand have agreed to establish a Trade and Investment Task Force to enhance border trade facilitation and increase cross-border connectivity. They also plan to facilitate imports and exports of agricultural products and explore cooperation in various fields such as rubber, land transport, entrepreneurship, franchise, agriculture, and the digital environment. Both countries expressed confidence in finalizing the ASEAN Community Vision 2045 and the ASEAN Economic Community (AEC) Strategic Plan(s) 2026-2030 by 2025 under Malaysia's ASEAN chairmanship in 2025. [a02a600f] [c130d7f7]