Australia and Malaysia have finalised a bilateral film co-production agreement, paving the way for producers in both countries to collaborate more closely on projects for the big and small screen.

“As well as enhancing our cultural ties and strengthening our people-to-people linkages, the agreement will reinforce our bilateral economic relationship and provide a mechanism for Australian and Malaysian producers to compete more effectively in the global marketplace,” Minister for Trade and Investment Andrew Robb said. 

The co-production agreement – finalised in the margins of the recent Trans-Pacific Partnership Agreement negotiations – will open up access to a larger pool of talent, expertise and infrastructure, with the costs of production also being shared.

“The agreement will provide a conduit for creative exchange and the development of screen projects of cultural significance to both Australia and Malaysia,” Minister for the Arts Mitch Fifield said. 

“It will also engage new international audiences in our local and shared stories.”

Australia has 12 other film co-production agreements with Canada, China, France, Germany, Ireland, Israel, Italy, Republic of Korea, New Zealand, Singapore, South Africa and the United Kingdom.

Combined, these agreements have resulted in over 165 productions with a total budget of $1.5 billion to date.

Malaysia is Australia's second-largest trading partner in ASEAN and ninth-largest partner overall.

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