Malaysia open to negotiate with US on reducing trade deficit, non-tariff barriers - MITI - video Dailymotion

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Malaysia has reiterated that it is ready to work with the United States to resolve concerns over reciprocal tariffs.  This follows a high-level visit to Washington led by Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.  Read more at https://tinyurl.com/yc2r64ds  WATCH MORE: https://thestartv.com/c/news SUBSCRIBE: https://cutt.ly/TheStar LIKE: https://fb.com/TheStarOnline

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00:00Malaysia is open to negotiate with the U.S. on non-tariff barriers and reducing its trade

00:08deficit and will explore a bilateral trade agreement, the Investment, Trade and Industry

00:13Ministry Miti said on Friday.

00:16In a statement following Minister Tenku Datuk Siri Zafrol Abdul Aziz's visit to the U.S.

00:23this week, Miti said Malaysia will explore alternative ways to address U.S. concerns

00:29and will ensure that the mutually beneficial trade flows between both countries continue.

00:35Malaysia is facing the imposition of a 24 percent tariff rate in July for its goods exported

00:41to the U.S. unless an agreement is struck between both countries.

00:45Zafrol met with U.S. Secretary of Commerce Howard Lutnick and U.S. Trade Representative Jameson

00:50Greer in Washington.

00:52Countries in export-driven Southeast Asia have been hit with steep tariffs, with six of ten

00:57listed nations from the region slapped with levies of between 32 percent and 49 percent.

01:03Malaysia has said that it will not take retaliatory action against Washington and is ready to collaborate

01:10to address its concerns.

01:12Zafrol said the meetings are a step in the right direction, and Malaysia will continue to

01:18keep the momentum by following up urgently on some of the key issues discussed within the

01:2490-day period since the pause started.

01:27He added that Malaysia also stressed that all communications lines remain open, and we will

01:33continue to work towards an amicable solution to this reciprocal tariff matter.

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Malaysia open to negotiate with US on reducing trade deficit, non-tariff barriers - MITI

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