Malaysia hopes for collaborative deal following US tariff talks
Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz
KUALA LUMPUR: Malaysia hopes the upcoming tariff negotiations with the United States (US) will result in a new cooperation arrangement, said Deputy Minister of Investment, Trade and Industry (MITI) Liew Chin Tong.
MITI Minister Tengku Datuk Seri Zafrul Abdul Aziz is currently in Washington to hold discussions with US Trade Representative (USTR) Jamieson Greer.
"Tengku Zafrul has mentioned last week (that) broadly we hope there will be a collaborative effort in shaping the new arrangement.
"But we will wait for (the outcome of) the negotiations,' Liew told reporters after a panel session on 'Deciphering Malaysia's Investment Cycles' at the Sasana Symposium 2025 hosted by BNM today.
It was reported that Tengku Zafrul was scheduled to visit the US today to resume negotiations over tariffs imposed on Malaysian goods and was expected to meet Greer as well as other US government officials and investors.
Tengku Zafrul will also take the opportunity to engage with several business chambers, companies and interest groups, including the American Malaysian Chamber of Commerce (AMCHAM) and the US-ASEAN Business Council.
On April 24 this year, Tengku Zafrul led a high-level delegation to Washington, where he held talks with US Commerce Secretary Howard Lutnick and Greer.
Malaysia has expressed its readiness to negotiate in four key areas: narrowing the trade deficit, addressing non-tariff barriers, strengthening technology protection and security, and exploring the potential for a bilateral trade agreement.
On April 2, US President Donald Trump announced tariff measures affecting around 60 countries, including a 24 per cent levy on most Malaysian goods.
However, the tariffs have been temporarily suspended for 90 days -- until July 8 -- for most countries to allow room for trade negotiations. - Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Sun
an hour ago
- The Sun
AirAsia's 16-year Skytrax streak proves Malaysian brand strength
KUALA LUMPUR: AirAsia's recognition as the World's Best Low-Cost Airline by Skytrax for the 16th consecutive year is not only an acknowledgment of its operational excellence but also a testament to the strength of a Malaysian brand on the global stage, Deputy Prime Minister Datuk Seri Fadillah Yusof said today. He said this sustained achievement reflects the resilience of a Malaysian-born brand that has transformed the regional aviation landscape. 'Through affordable connectivity, AirAsia has opened new opportunities, empowered communities and boosted growth in tourism, trade and cross-border travel. 'AirAsia's journey is proof of Malaysia's capacity for innovation, resilience and aspiration, demonstrating that with vision and commitment, we can shape the future of regional and global aviation,' he said in a Facebook post, while extending his congratulations on the recognition. Capital A chief executive officer Tan Sri Tony Fernandes, in a statement, said winning the title for 16 straight years was deeply meaningful and a motivation to continue delivering even better service. Meanwhile, Communications Minister Datuk Fahmi Fadzil also congratulated AirAsia on the Skytrax recognition. 'Not only has AirAsia flown nearly one billion passengers, but it has also carried the identity of Malaysia and ASEAN onto the global stage. 'This achievement underscores the strength of regional connectivity in uniting communities, driving growth and advancing shared prosperity,' he said in a Facebook post.
Malaysiakini
an hour ago
- Malaysiakini
All M'sians registered with embassy in Tehran safe
All Malaysians in Iran registered with the Malaysian Embassy in Tehran are safe and accounted for, based on the latest information, the Foreign Ministry said. 'The ministry wishes to reassure the public that the safety and well-being of Malaysians abroad remain our utmost priority,' a spokesperson from the ministry said in a statement to the media on Wednesday.
Barnama
an hour ago
- Barnama
AirAsia's 16-Year Skytrax Streak Proves Malaysian Brand Strength
KUALA LUMPUR, June 18 (Bernama) -- AirAsia's recognition as the World's Best Low-Cost Airline by Skytrax for the 16th consecutive year is not only an acknowledgment of its operational excellence but also a testament to the strength of a Malaysian brand on the global stage, Deputy Prime Minister Datuk Seri Fadillah Yusof said today. He said this sustained achievement reflects the resilience of a Malaysian-born brand that has transformed the regional aviation landscape. 'Through affordable connectivity, AirAsia has opened new opportunities, empowered communities and boosted growth in tourism, trade and cross-border travel. 'AirAsia's journey is proof of Malaysia's capacity for innovation, resilience and aspiration, demonstrating that with vision and commitment, we can shape the future of regional and global aviation,' he said in a Facebook post, while extending his congratulations on the recognition.
