Malaysia and India announced Wednesday that a long delayed trade accord between the two countries would take effect by July 2011, increasing two-way trade to 15 billion dollars by 2015.

"I'm glad to officially announce that the agreement will come into effect in 2011. That will signify a huge strategic move... and establish a strategic and stronger bilateral relationship," Prime Minister Najib Razak told a joint news conference after a meeting with Indian counterpart Manmohan Singh.