India and Malaysia today signed a landmark pact that paves the way for freer flow of trade in goods and services between the two countries. The pact will also enhance investment and economic cooperation between India and Malaysia. The Comprehensive Economic Cooperation Agreement (CECA) was signed by Commerce Minister Anand Sharma and his Malaysian counterpart Mustapa Mohamed in Kuala Lumpur. It was signed in the presence of Prime Minister Najib Razak and several leading captains of industry from both sides.After signing of the pact Mr Najib said the CECA will usher in a new era of much deeper economic cooperation between Malaysia and India.Both the ministers called the agreement a vehicle that would serve to enhance trade and investment flows and encourage freer movement of goods, services and professionals between the two countries.India was Malaysia's 13th largest trading partner in2010, with exports amounting to 6.5 billion dollars and imports at 2.4 billion dollars. The two countries envisage that with the CECA in place from Ist of July this year, bilateral trade will accelerate and touch at least 15 billion dollars by 2015.