Loke: Malaysia's steady course gaining global recognition
"These achievements indicate that Malaysia is moving forward with a stable and prudent administrative direction, aiming to highlight its role as a 'middle power' and open new strategic opportunities for the country to advance," he said is a statement.
The tariff reduction, from 25 per cent to 19 per cent, followed a 20-minute phone discussion between Prime Minister Anwar Ibrahim and US President Donald Trump on July 31.
"This outcome signifies a shift from previous threats of high tariffs to a more balanced result for Malaysia, easing economic tensions amid rising global protectionism," said Loke.
"Malaysia's current tariff rate is now comparable to other countries in the region, and despite a higher trade surplus with the US, the new rate ensures the country remains competitive," he added.
Concurrently, as the current Asean chair, Malaysia successfully mediated peace talks between Thailand and Cambodia.
US President Donald Trump also confirmed his attendance at the upcoming Asean Summit in Kuala Lumpur.
Loke, whole is also the transport minister, said these achievements are seen as recognition of Malaysia's leadership within Asean and an indication of the country's rising standing in the regional strategic balance.
"Under the Madani government's leadership, Malaysia has helped shape Asean into a more cohesive and influential regional organisation, revitalising the Asean Summit and encouraging dialogue and cooperation among regional nations," he said.
He added that while the public may not closely follow diplomatic affairs, Malaysia's recent accomplishments demonstrate the country's strong diplomatic leadership.
"Anwar has successfully positioned Malaysia as a trusted partner in regional security matters through a pragmatic, patient, and constructive approach, which has also reinvigorated Asean's philosophy of solving problems in our own way," he said.
He added that the Madani government has not only secured tangible economic benefits for the country but has also enhanced Malaysia's international standing and actively promoted regional peace and security.
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