Malaysia is increasing the use of locally-manufactured solar panels in schools, universities, and hospitals to mitigate potential trade barriers from the United States, says Prime Minister Datuk Seri Anwar Ibrahim.
Anwar was responding to US President Donald Trump's remarks that no solar panels should be exported to America due to concerns over Chinese companies operating in Malaysia.
Read more at https://tinyurl.com/43wkwtkp
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
Anwar was responding to US President Donald Trump's remarks that no solar panels should be exported to America due to concerns over Chinese companies operating in Malaysia.
Read more at https://tinyurl.com/43wkwtkp
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
Category
🗞
NewsTranscript
00:00Now, you see, an economic political philosopher, Schumpeter, he traces, or he traces the experience
00:24of countries during tribulations or economic crisis, and he used this phrase, gale of creative
00:37destruction, a period when there were issues, problems, wars, deflation, or now tariff, so
00:52you either become pessimistic or virtually hapless, or you create something new.
01:02There is somewhat the old order seemingly destroyed or half destroyed or cracked.
01:12That's why I say gale of creative destruction.
01:15Use destruction to be more creative.
01:17Now, you suggested something smart, what?
01:23Then try and use our local expertise.
01:28President Trump said no solar energy to be exported to America because there are Chinese companies
01:39based here.
01:40But there are other companies.
01:42So that's why our instruction is, all schools, universities, hospitals, use Malaysian-made solar panels.
01:55There's one, which means we can therefore probably mitigate partly the potential problem that we may face.
02:09That's what I mean by creative destruction.
02:13And then, of course, buy local products as far as possible.
02:16I think whether the question is whether you have impact or not, it's too early soon to say because
02:26President Trump gave a 90-day reprieve.
02:30And what is our largest export to the United States?
02:3660% of our products, 140, 130 billion ringgit, exported to the United States.
02:51Now, if they decide to say no, nothing from Malaysia, then we may have a problem.
02:56But for now, Sambiconductor, E&E, is excluded.
03:03Now, say if it is partly included, then we have to take measures how to then promote here.
03:11And what we did in the last two years since I took over as Prime Minister in the last two and a half years
03:17is to open up new markets.
03:19I've been traveling.
03:20We open up new markets other than India, China, Korea, Japan, increase trade within ASEAN.
03:31Increase our relations with other countries.
03:37In, for example, Egypt, somewhat new.
03:43In the last two years, we increased trade investment by 34%.
03:50Because it's a huge country.
03:52We've been engaging with the United States.
03:56We are now fast-tracking the agreement, FTA, free trade agreement, with EU, European Union.
04:09From last month, we managed to export our palm oil and their products to UK with no tariff.
04:16Because we have signed FTA with the United Kingdom.
04:19We've got Schneez.
04:23We'll this last month.
04:26We are now İhozan with the United States.
04:29I'm here to start the question.
04:31We'll see you next week after all.
04:34This is risen from the United States.
04:36Third,kat спaf kids are nine or 15, 100%.
04:383 Jewish countries W 빛ed next month.
04:38Last month, we're now going to take this you to join Japan,
04:41halfway to September 21st so you understand me,
04:43much happier, seven or 20th Śliq.
04:45So rest of this pamESS.