Japan, Malaysia sign AED 10 million maritime security assistance deal

Shutterstock [for illustration only]

Japan and Malaysia signed a security assistance deal, including a grant of 400 million yen (AED 10.28 million) to boost Malaysia's maritime security as Asian nations seek to counter an increasingly assertive China.

Japan will provide equipment such as rescue boats and supplies under the official security assistance deal, signed by the two countries' foreign ministers on the sidelines of a Tokyo summit marking 50 years of ties between Japan and the Association of Southeast Asian Nations (ASEAN).

Japanese Prime Minister Kishida welcomed the elevation of the Japan-Malaysia relationship to a "comprehensive strategic partnership", Japan's foreign ministry said in a statement.

In addition to Malaysia, ASEAN members the Philippines, Vietnam, Indonesia, Malaysia and Brunei claim parts of the South China Sea disputed by China, which claims almost all of the waterway that is a conduit for more than $3 trillion (AED 11.02 trillion) of annual ship-borne commerce. The Permanent Court of Arbitration in 2016 said China's claims had no legal basis.

Last week, China and Japan accused each other of maritime incursions after a confrontation between their coast guards in waters around islands they both claim in the East China Sea.

Japan's aid to Malaysia follows similar deals with the Philippines and Bangladesh this year. It is part of a plan announced in April for Japan to provide developing countries with financial assistance to bolster their defences.

In the three-day summit through Sunday, Japan is offering ASEAN members support to boost their standing as international actors and help them manage their relations with others, including China, said an official at Japan's foreign ministry.

Kishida is expected to meet separately with the leaders of all the ASEAN members, including Cambodia, Singapore, Thailand, Laos and Timor-Leste.

More from Business

  • UK's Jaguar Land Rover to halt US shipments over tariffs

    Jaguar Land Rover will pause shipments of its Britain-made cars to the United States for a month, it said on Saturday, as it considers how to mitigate the cost of President Donald Trump's 25% tariff.

  • US starts collecting Trump's new 10% tariff

    U.S. customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).

  • China to impose tariffs of 34% on all US goods

    China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.