The dispute concerned South Korean import bans and additional testing requirements imposed on Japanese seafood.
Malaysia will also seek a solution through the Malaysia-EU free trade agreements and the proposed Asean-EU free trade agreement.
Pascal Lamy says middle-income taxpayers do not want to pay those in authority ‘twice’.
Both countries to meet end-July to 'discuss and coordinate' issues, including organising a joint mission to Europe to 'engage with relevant parties and stakeholders'.
The UN agency also revised down its 2017 forecast, with trade now expected to grow between 1.8-3.1 percent, down from the previously anticipated 3.6 percent.