“The Ministry of Investment, Trade & Industry (Miti) is taking seriously the reciprocal tariffs announced overnight by the US and actively engaging with US authorities to seek solutions that uphold free and fair trade. Malaysia is also committed to strengthen trade ties with the US, it said.
Malaysia will also leverage the Trade and Investment Framework Agreement signed with the US to secure trade benefits and pursue a Technology Safeguards Agreement for high-tech cooperation in semiconductors, aerospace and the digital economy, Miti said.
To mitigate the impact, Miti said Malaysia is expanding exports to high-growth markets and leveraging free trade agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership.”
Source: The Edge Malaysia
