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Malaysia is strengthening its economic ties with the EU through collaboration with Portugal, particularly in the renewable energy sector, where it aims to leverage Portugal's expertise in solar, wind, and green hydrogen. Five Malaysian companies are participating in joint ventures, and upcoming initiatives include a seminar in Kuala Lumpur and a trade mission to Malaysian industrial hubs in 2026. In 2024, total trade between the two nations reached €145.7 million, with notable exports of natural rubber and imports of textiles and machinery.