Malaysia has reiterated that it is ready to work with the United States to resolve concerns over reciprocal tariffs.
This follows a high-level visit to Washington led by Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
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This follows a high-level visit to Washington led by Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
Read more at https://tinyurl.com/yc2r64ds
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00Malaysia is open to negotiate with the U.S. on non-tariff barriers and reducing its trade
00:08deficit and will explore a bilateral trade agreement, the Investment, Trade and Industry
00:13Ministry Miti said on Friday.
00:16In a statement following Minister Tenku Datuk Siri Zafrol Abdul Aziz's visit to the U.S.
00:23this week, Miti said Malaysia will explore alternative ways to address U.S. concerns
00:29and will ensure that the mutually beneficial trade flows between both countries continue.
00:35Malaysia is facing the imposition of a 24 percent tariff rate in July for its goods exported
00:41to the U.S. unless an agreement is struck between both countries.
00:45Zafrol met with U.S. Secretary of Commerce Howard Lutnick and U.S. Trade Representative Jameson
00:50Greer in Washington.
00:52Countries in export-driven Southeast Asia have been hit with steep tariffs, with six of ten
00:57listed nations from the region slapped with levies of between 32 percent and 49 percent.
01:03Malaysia has said that it will not take retaliatory action against Washington and is ready to collaborate
01:10to address its concerns.
01:12Zafrol said the meetings are a step in the right direction, and Malaysia will continue to
01:18keep the momentum by following up urgently on some of the key issues discussed within the
01:2490-day period since the pause started.
01:27He added that Malaysia also stressed that all communications lines remain open, and we will
01:33continue to work towards an amicable solution to this reciprocal tariff matter.
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