Menteri Pelaburan, Perdagangan dan Industri, Tengku Datuk Seri Zafrul Tengku Abdul Aziz hadir ke sidang media National Geoeconomic Command Centre (NGCC) di Kuala Lumpur.
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00:00Terima kasih kerana menonton!
00:30Malaysia adalah antara lebih 75 buah negara yang termasuk dalam senarai negara yang diberi penangguhan.
00:36Jadi kerajaan menyambut baik penangguhan ini dan tempoh penangguhan akan digunakan sebaik mungkin untuk memastikan proses runengan dapat dijalankan dengan kerajaan AS dalam tempoh terdekat.
00:48Kerajaan ingin menegaskan bahawa penerian Malaysia kekal bahawa kita tidak akan menggunakan tarif timbal balas terhadap import dari AS.
00:57Objektif kita adalah untuk menurunkan kadar tarif dan memperluaskan senarai pengecualian untuk ekspor Malaysia supaya impak negatif terhadap ekonomi kita dapat dimitigasi.
01:08Seperti mana yang sedia maklum, situasi terkini masih agak fluid dan tidak menentu.
01:14Penderian kerajaan AS nampaknya berubah setiap hari.
01:21MITI dan agensi-agensinya sedang memantau keadaan ini dan mengambil langkah proaktif untuk memastikan kedudukan strategik Malaysia terlindung.
01:30AS merupakan antara ragang-ragang yang terpenting untuk Malaysia.
01:34Namun demikian Malaysia mempunyai portfolio perdagangan yang diversifat atau tidak terlalu bergantung pada satu atau dua pasaran semata-mata.
01:46Pada tahun 2024 jumlah perdagangan dengan AS adalah 11.3% daripada jumlah keseluruhan perdagangan Malaysia.
01:55Ini bermakna kita masih ada lebih 88% pasaran yang terbuka untuk kita petikatkan perdagangan kita.
02:02Tetapi kita juga harus faham bahawa rantaian bekalan dunia amat terkait dengan satu sama lain.
02:08Ini bermakna kekurangan sesebuah pasaran mungkin akan mengakibatkan domino efek atau impak langsung kepada rantaian bekalan yang melibatkan hubungan ekonomi Malaysia dengan negara-negara lain.
02:19Walaupun kita masih menghargai pasaran Amerika dan akan berusaha untuk terus berbincang bagi mencari solusi terbaik untuk hubungan ekonomi Malaysia dan AS.
02:32Justru strategi kerajaan dengan perdekatan bilateral dan multilateral dipacu oleh tiga keutamaan iaitu reform, engage and diversify.
02:42Iaitu pertama tadi, engage kita akan terus melaksanakan sesi libat urus dengan kerajaan AS di setiap peringkat dalam tempoh terdekat.
02:51Jadi kita sesi libat urus ini juga akan diadakan dengan pihak industri dan kementerian dan agensi yang berkenaan.
03:00Kedua dari segi diversify, mempergiat perbincangan proaktif dengan blok-blok ekonomi negara-negara dan pasaran-pasaran lain.
03:07Kita memperluaskan pasaran.
03:10Yang ketiga, dari segi reform, kita nak mempercepatkan reformasi ekonomi kita dengan NIMP, NETR dan sebagainya
03:17bagi memperkukuh kapasiti rataian bekalan domestik dan membantu meningkat kecekalan pengekspor.
03:24Sepanjang minggu lepas, MITI telah mengadakan beberapa sesi libat urus dengan pelbagai pihak yang berkepentingan.
03:29Yang utama ialah sektor industri yang terlibat dalam pengeksportan dan pemain-pemain pasaran modal juga
03:37untuk mendapatkan pandangan dan mendengar secara langsung impak ini kepada pemain industri.
03:43Jadi di dalam sesi perbincangan tertutup ini, kita telah, beberapa cadangan telah diusulkan kepada MITI
03:50dan kita sedang meneliti cadangan dan permintaan ini yang telah dipanjangkan kepada kementerian-kementerian yang berkaitan.
03:57Saya ingin menegaskan keadaan ekonomi masih terkawal dan asas ekonomi kita masih kukuh dan stabil
04:03yang seperti diterangkan oleh Bank Negara dan Kementerian Keuangan.
04:08Dan kerajaan kita akurlah kita kena bertindak pantas namun pada masa yang sama kita juga kena fleksibel
04:15dalam mengadaptasi perkembangan dan perubahan terkini.
04:20Jadi di antara langkah-langkah yang diambil oleh kerajaan, kita akan mempergiat dan mempercepatkan
04:24diversifikasi di pasaran, terutamanya dengan BRICS, negara-negara Afrika, Mercosur dan berbagai lagi lah.
04:33Ekspor utama adalah barangan elektrik, produk petroleum, makanan diproses dan minyak sawit di contoh lah.
04:39Kita juga nak meningkatkan daya saing ekspor kita dan dari segi menangani lambakan import dari negara lain.
04:47juga kita mempunyai dasar-dasar seperti akta duty anti lambakan, duty timbal balasan ataupun counter bailing duties
04:55dan juga pengenaan langkah-langkah perlindungan yang lain.
05:00MITI juga akan memastikan ease of doing business terus diberi keutamaan
05:03dan seperti polisi-polisi yang saya sebut tadi, NIMP dan yang sebagainya akan memperkukuhkan
05:09localization produk-produk kita.
05:12Seterusnya, mesyuarat pertama pasukan petugas NGCC ataupun NGCC Task Force akan diadakan cepat mungkin
05:19yang mandat utama pasukan petugas ini adalah untuk mempercepatkan pelaksanaan cadangan-cadangan NGCC.
05:25Ini akan dianggotai oleh wakil-wakil awam dan swasta, termasuk agensi MITI seperti
05:30MAIDA, MATRIB, pemimpin industri, ahli ekonomi, penganalisis dasar dan juga pakar-pakar yang relevan
05:37bagi melindungi kepentingan ekonomi dan pekerjaan rakyat kita.
05:41Jadi apa-apa perkembangan lanjut mengenai hasil mesyuarat petugas NGCC ini
05:44akan dimaklumkan kepada media dari masa ke semasa.
05:48Dan itulah dia berpercaya daripada segi pencerahan apa yang berlaku dalam mesyuarat pada pagi ini.
05:58We will share the English version of the program after the PC so that you can open the session to the question.
06:05Okay, so there is the English version, and I think what we will do to cut in the interest of time,
06:12we will share the English version of what I said just now to the media.
06:17So perhaps we could continue with the Q&A now.
06:21Thank you.
06:23I have two questions.
06:25The first question is, President Xi will visit Malaysia from tomorrow.
06:30what kind of cooperation will Malaysia-China have in the future?
06:36Will the Singapore-Kurulampera high-speed road become a China-Milicia cooperation project?
06:44This is the first question.
06:46The second question is, in response to Trump's global terror war,
06:52what kind of communication will Malaysia make with Chinese leaders?
06:57Okay, thank you.
06:59On the first, hello?
07:01Hello?
07:02Hello?
07:05Okay, can you hear me better?
07:07No, we can hear you better.
07:09Okay, I can hear you better.
07:10Okay, I can hear you better.
07:10Okay, okay.
07:11Okay, it's okay.
07:12I can't hear myself.
07:17Okay, now can you hear me better?
07:19Okay, thank you for the questions.
07:22For question number one regarding the presidency's visit,
07:24I think you have to wait for tomorrow when the presidency's arrival.
07:28I am the Prime Minister.
07:29We'll have already discussion by Wednesday.
07:34So let's wait until Wednesday during the press conference and briefing by Prime Minister.
07:41The second one on the question regarding where are we during the discussions
07:46and what is the impact, basically the discussion with the U.S.
07:51We are...
07:53Sorry, your second question?
07:55In response to Trump's global terror war, what kind of communication will Malaysia make with Chinese leaders?
08:04Yes.
08:05So at what level of discussion are we having with the leaders in China, the industry leaders also?
08:11Last week, I had a meeting, a virtual meeting with the Minister of Commerce of China, Minister Wang,
08:20where we discussed opportunities to work closer on matters pertaining to trade and investment.
08:27And at the same time, as Chair of ASEAN, we are also open to increase collaboration on trade and investment between ASEAN and China.
08:39And I'm sure this is one of the agenda that will be also discussed during the bilateral meeting between Malaysia and China during Presidency's visit.
08:49Thank you.
08:50I don't know. They want you to have to ask the Prime Minister or the Minister of Transport for...
09:01Oh, thank you.
09:04Yes.
09:09Yes.
09:10Okay.
09:11From Mississippi.
09:12So I've got two questions for you.
09:14First case scenario, let's say the 10% of the tariff is the fixed rate that Malaysia has to be imposed.
09:24What does the simulation look like?
09:26I'm sure the team at Miji would have done some kind of simulation and what would that look like for the country?
09:33Can I answer one by one, please?
09:34Oh, please.
09:35Okay.
09:36So on the first question, you must understand that to do the simulation, what we have done is that we will look at the industries that are affected.
09:48And most of the industries that are expected, those are that involved in exporting the products to the United States.
09:56And at the same time, we will have to look at the supply chain of the companies that are supporting those exporters.
10:04So for example, if Company A is exporting to the US, that Company A will have the entire ecosystem, the supply chain that is supporting them as well.
10:13So we need to do a proper in-depth analysis on this. It will take time.
10:17We have some numbers but it's still too early to share. And one also has to remember that the impact is not just the direct impact but also the indirect impact.
10:27We are talking about, for example, what will happen to the demand side in the US if the prices are not passed through to consumers.
10:36We also have to look at the impact of trade divergence. We also have to look at the impact of the third country as well when our products are not as competitive to export to third countries.
10:50So these are being studied. But what is being important is that we must continue to engage the US and try and understand the concerns and try to mitigate some of those concerns.
11:04So that 10% can be, as I mentioned in my opening remarks, reduced as it is important.
11:11But the good news is that quite a number of sectors have been exempted.
11:17And recently, two days ago, there's a few more. So we have to continuously look at areas where we can explain why this supply chain is actually beneficial to the whole sector.
11:33to the whole US industries as well.
11:38Second question?
11:39My second question is kind of linked to the first question. The impact is going to be dropped by the industry regardless.
11:46because I think the 10% tariff is really taking effect. I think our neighbours have introduced some, they announced that they are going to take some issues, policies to help ease businesses.
11:59And I'm just wondering whether the Ministry has got some plans to roll out some of these initiatives to support those industries that will or could be affected by this.
12:12Yes. So we discussed this this morning at the NGCC, which this time we also included the Cabinet.
12:18This was raised. We presented that which sectors are most affected and some sectors are affected more than others and some actually benefit beneficiary.
12:27So together with the relevant ministries, especially Ministry of Finance, we are working with all the relevant ministries to see what are the areas that we need to support our industries.
12:39It's still early days, as you know, but it's important that government continue to engage the industries to understand the pain points.
12:49We have done that last week and will continue to do so. And with the establishment of the Task Force, which also comprised some of the industry players and industry experts,
12:58experts, this will also help us to formulate the right policies to ensure that our industries are not as affected as it may seem to be.
13:11Thank you.
13:13I'm going home from 6th time. Just want to check one thing that when we go to, as in Malaysia, we go to Washington to negotiate.
13:28Does it represent that we only speak on Malaysia itself or the ASEAN as a whole? Is there any non-negotiable issue that we have discussed?
13:36Yeah. So that's again discussed this morning. We are now working with all the relevant ministries and agencies to see what are the areas that will help us in our negotiations.
13:50So we will not rush into specifics yet, publicly anyway, but what's important is we need to ensure that we have a whole-of-government approach
14:01and present to the Prime Minister through the NGCC to see what areas that we are willing to negotiate.
14:08But on the question whether it's bilateral or multilateral, it will be both platforms.
14:14When we go there, and I'm sure other countries will also go there, they will also have two interests.
14:20One is the interest of the country itself, like Malaysia will have specific issues that is relevant to Malaysia that may not be relevant to other countries.
14:28But we also agreed in our meeting with the ASEAN Economic Ministers and recently also the ASEAN Finance Ministers were at the meeting last week.
14:36We all agree on the principles that we want to support. For example, principles of the rule-based multilateral trading system.
14:47So this is, and also the agreement that we do not retaliate, the agreement that we will look at also talking to other groups and other economic blocks to enlarge our cooperation with other groups.
15:06And also on ASEAN itself, we want to see how ASEAN can improve their own, our own trade between our countries, between our member states.
15:17Dr. Sri, following up on that question, with Weirung's question, Norman here from Nikit.
15:22Any other ministers like Indonesian minister or Thai minister will be joining you in that multilateral meeting with the US, with Washington.
15:29And following up on that, what is the next plan for the ASEAN Economic Command Center as well?
15:34Yeah, so on the ASEAN Economic Center, the senior officials at the high-level task force together with our team, because it will be co-chatted by both Malaysia and Indonesia.
15:46That is happening as we speak. And on the multilateral, again whatever it is, we are going to have one voice on issues that we can agree on.
15:57That is after all what ASEAN Centrality is all about. So we are now looking at continuously engaging our ASEAN counterparts.
16:07But again, as I mentioned, it is not just ASEAN with the US, but ASEAN with other countries as well.
16:14We have ASEAN with Japan, ASEAN with Korea recently. Prime Minister mentioned about his discussion with other leaders as well.
16:23So ASEAN as a blog can look at talking to other countries as well in these challenging times.
16:30Hello, GG Press.
16:33Okay, he's been...
16:35Seichi Oshima from GG Press. Could you explain a bit more about the concept of safeguard measures, including semi-conductors and aerospace parts? I remember you mentioned about it a couple of times before.
16:50Yeah, that is the TSA, the Technology Safeguard Agreements. That, I think, is one of our proposal, right, that we want to look at. We are going to get the relevant, again, agencies and our AGC and all that to look at potentially having a technical safeguard agreement.
17:12No, sorry, Technology Safeguard Agreements. So that is one option. As you know, the concern is about security of the technology that is produced here, and also any technology that we import.
17:27So these are areas where we are going to look at to see how, and we are already made it public that this is one area that we are willing to talk to with the U.S.
17:42Okay.
17:43Updates on the meeting with the U.S. Any dates finalised yet?
17:54Okay.
17:55And last one, which is going to be, what is Malaysia planning to, how is Malaysia going to convince the U.S. to sort of back on the tariffs?
18:04Yes.
18:05The second one is very hard to answer. You know, we will have to have a comprehensive strategy, but at the same time, we need to know where is our red line, right?
18:16So this is where it is important that we had this meeting shared by Prime Minister today to explain to our Cabinet colleagues some of the issues that we may have to engage with the U.S.
18:27Some are difficult issues, but some are issues that we think can be resolved, but it requires the support of all the relevant ministries.
18:36On the question about when we are going to the U.S., I would like to inform that our team in the U.S., especially our team in METI, based in Washington, have already engaged the U.S.,
18:52especially the U.S. TR, and they are in discussion with some of the points that we have raised today in the press conference.
19:01At the same time, next week, there is a meeting comprising of senior officials of ASEAN, where it is already scheduled, but the deputy or the assistant U.S. TR is also coming from Washington to attend that.
19:16So that is another avenue. And at the same time, I have officially written through our office in Washington and also through the embassy here in the U.S. for us to meet up with my counterpart, the U.S. TR, as well as the Secretary of Commerce.
19:33We haven't gotten a date, but at the working level, at the senior official level, discussions have started. Yes?
19:42Actually, ASEAN country's unity is very important. But we know that every country of ASEAN is enforced by different rate of terror. So will ASEAN country negotiate with America as a whole community?
20:00ASEAN country will do two things. One, they will negotiate on matters that is specific to each country. And at the same time, on a multilateral platform, which is ASEAN, we will talk about areas that we can agree on.
20:15And I mentioned just now in our meetings at the ASEAN Economic Minister's meeting, we all agree on the principle of multilateralism. We agree on not to retaliate with more counter-tariff measures or with any counter-tariff measures.
20:31And then we also agree to improve trade within our countries and also look at trade with other blocs. So those are areas where ASEAN agrees on. And we will definitely discuss that with the U.S.
20:43But at the same time, like I said, every country will have different issues to raise with the U.S. So that also will happen. So it will happen at both bilateral and multilateral level.
20:53I have two questions. One is, you said good news that we were exempted. Some sectors were exempted from the tariffs, right? Can I know after excluding that, how much of the exports to U.S. would be affected with tariffs?
21:12That's my first question.
21:14That's my first question.
21:15Only 24%.
21:16Yeah.
21:17Under E&E.
21:18Yeah.
21:19So the one that is exempted is under E&E, which is semiconductor. That's close to 30%.
21:24So the rest 72% is pretty much affected?
21:28Yes, by the 10%.
21:29And then also, how are we addressing the non-tariff barriers that are pointed out already? Do you have any update on that?
21:38Yes. So this was also discussed. That's why I said we're going to engage all the ministries because the non-tariff barriers covers many other ministries.
21:47but we will coordinate that discussion. Some are not right. We don't agree with the observation. But we have to explain why we don't agree with the observation.
21:58Maybe there are some new developments they are not aware of. But some areas where we feel it's important for the country's national interest.
22:05So that, again, could be a red line. But some, we feel there's room for us to discuss and negotiate. So that is under the NTB, the non-tariff barriers, where it
22:16where it involves many ministries, as you know. So the Prime Minister has asked MITI to engage all those relevant ministries and then come back to the Cabinet for discussions.
22:30Dr Sri, sorry. Could you just provide a little bit more detail on what the hot issues are in the US particularly?
22:37Yeah. Well, the hot issue in the US, I think one is the trade imbalance, right? I think, as you've seen from
22:45the tariff, one of the reasons why different countries have been imposed different tariff rates was actually based on the trade imbalance.
22:54We can see the bigger your trade deficit is with or trade surplus in this case with the US, the higher the tariff.
23:02So we need to address that concern. Secondly, I think, is on the issues pertaining to sectors that are deemed protected or deemed supported.
23:14unfairly by Malaysia or obstacles for trade, right? The non-tariff barriers, like they call it. So these are areas where we, like you asked us now, we need to see.
23:26Some are true, but there is a reason why we are imposing it. Some, we feel need to update them that it's not exactly how it may seem.
23:37And some, we think it's fair, that we can look at, maybe those were rules that was imposed during times where it may not be as relevant as today because
23:48because industries have progressed, may not, may not require such protection or support, right?
23:56It involves simple, simple things like export, what do you call it? Export subsidies, right? For certain sectors, right?
24:03Matri may not agree. But what I'm saying is that we need to look at this objectively. But one must bear in mind that we not only have to look at the impact to the
24:18Malaysian industry, but we also have other partners apart from the United States. So what we give in to the United States, others will ask the same, right?
24:27So all of this, we have to look at it holistically. And then we will revert back with the trade-off for any decisions that we are going to make.
24:38That's for China, it is possible that they are implementing, they are improving and then they are retaliating, but the part of Britain has also
24:47so it's going to be a strategy like limiting their breakthroughs in their market. So this inflation can be considered to be considered
24:54to be considered as a were in mandate, even if they want the price for the supply and the delivery of the supply.
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27:04Sebab, itu sebabnya kami dapatkan industri yang terlibat, terutamanya syarikat Syarikat yang berbasis di Malaysia yang mengekosikan ke negara-negara.
27:12Mereka mengekosikan perubahan yang diperlukan dan diperlukan ke negara-negara yang diperlukan di negara-negara.
27:18Jadi, sangat penting untuk jelaskan kenapa ini benar-benar berfungsi untuk negara-negara.
27:24Jadi, kami berjaya bersama dua syarikat yang saya menitui,
27:29dan banyak lagi, terutama Monk Tuan dan semua吓人 niveau dan U.S.- ASEAN hubungan mould двиг 그것 boleh menyebabkan.
27:36Tuan Sri, ada apa yang bergembali kepada kepada 不ag memberapa setunat yang banyak lager Ypam Ki P SP.
27:41Terima kasih kepada mereka mempunyai tema bulayasa MIK watuk Account betub di开gur kategori ter Sergio P Diamur Sy Martin?
27:54The large ones that we met and we discussed, I think Maida is also here, have committed to continue with the investments that they have made.
28:04Of course, there are some smaller ones that are concerned, so they are of course waiting for more clear visibility
28:16because it is very hard for companies today to make any informed decisions regarding whether to proceed or not to proceed.
28:23One cannot discount the fact that this will definitely affect decisions of companies.
28:30Because, like it or not, uncertainty does create challenges for companies when they want to invest in the future.
28:41Yes, please.
28:42Minister.
28:43Okay, just one.
28:45Last two questions. There is a second last one.
28:48Well, thank you, Surya.
28:50It was wondering when you were going to talk.
28:52Please.
28:53Yes.
28:54Okay.
28:55This is a follow-up question.
28:56Could you tell us where this senior officer's meeting between ASEAN and US will be taking place?
29:03It will be in a very nice place called Penang.
29:05On 24th of April.
29:07Thank you.
29:08On 24th of April.
29:0924th?
29:1024th.
29:1124th.
29:12Just one day, right?
29:13Yeah.
29:14Just one day.
29:15Yes, Minister.
29:16I just want to come back to the semiconductor issue. I think Donald Trump has tweeted that he's going to make some announcements with regards to the semiconductor tariff based on national security.
29:34Is Malaysia worried about what he's going to announce? Are you concerned about this? And what will you be telling the industry with regards to what's going to happen?
29:47The other questions with regards to, are there any news about orders being cancelled? I mean, is Matri receiving any news of that or suspension of orders with regards to what's happening with the tariff fund?
30:04Yes.
30:05So, on the first question that's regarding, again, on the semiconductor. Yeah. So, on the semiconductor, definitely, naturally, we will be worried about any impact to our semiconductor sector. So, we are working closely with the industry to understand the impact. And industry is also, especially the American companies that I mentioned, was also in communication with the administration.
30:33and directly as well. So, there's two-prong approach. So, we are watching closely. But it's very hard to predict. And I think the one that you mentioned is because after the announcement that it's been exempted, they say that it's exempted, but we're not sure for how long, because they are now studying with all issues pertaining to national interest.
30:54Please. Yes.
30:55The business is managed to fight its case and share to the embassy here to bring this up to the administration over there. Was this communication done?
31:03The communication is always done at the various levels. Like I said, we have an office in Washington. Committee has a minister, Councillor in Washington. He is also engaging his counterparts there. So, that engagement is happening.
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