KUALA LUMPUR: Malaysia inked with Norway a new deal on Monday on Monday as well as an institutional cooperation contract for assistance on “Regulatory Framework for Aquaculture in Malaysia,” in order to help contribute to sustainable development of aquaculture in Malaysia. With the agreement, Norway, which has a leading position globally in the aquaculture industry, will not only help Malaysia develop a regulatory framework for aquaculture farming, but will also provide experts and training for Department of Fisheries (DOF) staff in the field, news reports said citing the agreement. “The total funding for the project is on a cost-sharing basis, where Norway will provide RM3.253 million in funding while Malaysia will contribute RM3.275 million, starting 2012-2015,” reported the Malaysia state-run Bernama news agency. Agriculture and Agro-Based Industry Minister Noh Omar said that “besides strengthening relations between the two countries, the agreement was a step forward to enhance the development of the local aquaculture industry.” He added that the new agreement “would also help reduce the problem of fish supply shortage.”
