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New Straits Times
28-04-2025
- Business
- New Straits Times
Malaysia to continue rubber glove exports to US despite tariffs
KUALA LUMPUR: Malaysia will continue exporting rubber gloves to the United States (US) despite the implementation of reciprocal tariffs on Malaysian imports. Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani said Malaysia's exports of rubber and rubber-based products totalled RM37 billion last year, with the rubber glove sector accounting for about RM15 billion. "We will continue supply to the US, even with the tariff," he told reporters at the Malaysian Rubber Council (MRC) Silver Jubilee celebration here today. The minister also said efforts to diversify export markets for local glove products are ongoing. He added it is now mandatory that rubber gloves exported from Malaysia are made locally. "We have to make sure that all exports of rubber gloves are Malaysian products. That was what I told the Malaysian Rubber Board (MRB), we will make it mandatory," he said. Last Friday, the ministry, through the MRB, strengthened regulatory oversight of the rubber glove sector in response to evolving global trade dynamics. The ministry said that in line with the sector's significant contribution to the national economy, the MRB has implemented several strategic initiatives to tighten industry regulation and address current global trade challenges. These initiatives include tightening licensing requirements for the export of rubber gloves under the Malaysian Rubber Board (Licensing and Permit) Regulations 2014. Meanwhile, MRC chief executive officer Muhammad Eizaaz Muhammad Redzuan said the council would strengthen efforts in research and development, as well as certification initiatives, to ensure Malaysian rubber products remain competitive in pricing and quality. "We will also ensure that the local rubber products meet the global sustainability requirements," he said. He added that the council is also committed to providing more opportunities for small and medium enterprises, widening market access, and enhancing the use of new technology among industry players.
New Straits Times
25-04-2025
- Business
- New Straits Times
Malaysia bolsters regulatory oversight of rubber glove sector
KUALA LUMPUR: The Plantation and Commodities Ministry, through the Malaysian Rubber Board (MRB), has strengthened regulatory oversight of the rubber glove sector in response to evolving global trade dynamics. The ministry said in line with the significant contribution of the rubber glove sector to the national economy, MRB implemented several strategic initiatives to strengthen regulatory oversight of the industry in addressing current global trade issues and challenges. One such initiative involves tightening licensing requirements for the export of rubber gloves under the Malaysian Rubber Board (Licensing and Permit) Regulations 2014. "With immediate effect, all LGM-licensed rubber glove exporting companies are only permitted to export rubber gloves sourced from local manufacturing facilities," it said. The measure is aimed at safeguarding product quality and ensuring the sustainability of Malaysia's rubber glove industry Additionally, it said this serves as a preventive step against the risk of Malaysia becoming a destination for trade diversion from other countries. "This follows global developments that have highlighted increasing uncertainties in the international trade landscape, including shifts in key global market policies that directly impact supply chains and the export market for rubber products. "Such conditions have the potential to lead to a rise in rubber glove imports, which could undermine the competitiveness of the domestic rubber industry," it said. Malaysia, recognised as one of the world's top producers and exporters of rubber and rubber-based products, recorded export values of RM33.7 billion in 2024. Of this, RM15.41 billion, or 45.8 per cent, came from the rubber glove segment alone. Meanwhile, the ministry said MRB is conducting joint operations with other enforcement agencies to enhance monitoring and enforcement within the rubber glove sector, in order to uphold the image and competitiveness of Malaysia's rubber industry. "The ministry and MRB will continue to closely monitor global trade developments and remain ready to implement proactive measures to protect the overall interests of the national rubber industry, including all rubber-based products. "In the near future, the ministry will also review long-term approaches that align with evolving geopolitical and global economic landscapes to ensure the resilience and marketability of Malaysia's rubber industry is sustained," it added.
The Star
25-04-2025
- Business
- The Star
Only locally produced rubber gloves allowed for export, says govt
PUTRAJAYA: Malaysia has imposed an immediate restriction requiring all rubber glove exporters licensed by the Malaysian Rubber Board (MRB) to only export gloves produced by local manufacturers, the Plantation and Commodities Ministry announced on Friday (April 25). The ministry said the move was made to ensure product quality and the sustainability of Malaysia's rubber glove industry, while also preventing the country from becoming a trade diversion destination for products from other nations. "This step is taken in view of the global developments that reflect increasing uncertainty in the international trade landscape, including changes in policies among major world markets that directly impact the rubber supply chain and export market. "These circumstances may lead to a rise in rubber glove imports, which could affect the competitiveness of the domestic rubber industry,' the ministry said in a statement on Friday. The ministry said that Malaysia was among the world's top producers and exporters of rubber and rubber-based products, with exports totalling RM33.7bil in 2024, of which rubber gloves contributed RM15.41bil or 45.8 per cent. In view of the ongoing global trade challenges, the MRB has implemented several strategic initiatives to strengthen regulatory oversight of the industry, including tightening export licensing requirements for rubber gloves under the Malaysian Rubber Board (Licensing and Permit) Regulations 2014. Additionally, the MRB is also actively conducting joint operations with other enforcement agencies to enhance monitoring and enforcement in the rubber glove sector, in order to safeguard the image and competitiveness of the national rubber industry. "The ministry and the MRB will continue to closely monitor the global trade developments and are always ready to implement proactive measures to protect the overall interests of Malaysia's rubber industry, including all rubber products,' the ministry said. The ministry added that it is also looking into suitable approaches in response to shifts in the global geopolitical and economic landscape to ensure the resilience and marketability of Malaysia's rubber industry.- Bernama
