The Malaysian government is proactively addressing potential economic disruptions caused by global trade tensions by highlighting the country's strengths as a safe and secure investment destination. The Ministry of Investment, Trade, and Industry (MITI) outlines a comprehensive strategy focusing on export diversification, new trade agreements, and strong diplomatic engagement to ensure economic stability.
The Malaysia n government is doubling down on its efforts to attract foreign investment, emphasizing the country's political and economic stability , pro-business policies, and strategic location in Southeast Asia. The Ministry of Investment, Trade , and Industry (MITI) stated that it will strengthen this promotion through an export diversification strategy, aiming to expand Malaysia 's product range and penetrate new emerging markets in Central Asia, the Middle East, and Africa.
MITI highlighted Malaysia's neutral stance in global geopolitics and economics, coupled with balanced diplomatic relations with various countries, as key factors that instill confidence in foreign investors, making Malaysia a safe and secure destination for their investments. \Responding to Senator Dr Wan Martina Wan Yusoff's inquiry regarding the government's plans in light of universal tariff policies and trade restrictions imposed on China, Mexico, and Canada, which could potentially impact Malaysia and ASEAN countries, MITI outlined a multi-pronged approach. This includes diversifying and expanding export markets through the signing of new free trade agreements (FTAs), with particular interest in pursuing an FTA with the Gulf Cooperation Council (GCC) and other potential partners. \At the bilateral level, the government will continue diplomatic engagement, discussions, and strategic collaborations with key partners like the United States Department of Commerce and the United States Trade Representative Office. MITI also emphasized Malaysia's commitment to active participation in multilateral forums and regional FTAs, such as the World Trade Organisation (WTO), Asia-Pacific Economic Cooperation (APEC), Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and Regional Comprehensive Economic Partnership (RCEP). This active participation underscores Malaysia's commitment to maintaining a stable and open trading environment
Malaysia Investment Trade Economic Stability Free Trade Agreements
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia and Uzbekistan Called to Boost Bilateral Trade and InvestmentPrime Minister Anwar Ibrahim urges closer ties between Malaysia and Uzbekistan, highlighting key sectors for collaboration and emphasizing the need for mutual trust and respect.
Read more »
Thailand and Malaysia Boost Cross-Border Trade and Investment for Economic CorridorThai Prime Minister Paetongtarn Shinawatra met with Malaysian Prime Minister Datuk Seri Anwar Ibrahim to accelerate efforts towards a US$30 billion bilateral trade goal by 2027. Both leaders emphasized the importance of strengthening ties, streamlining regulations, and enhancing infrastructure to boost cross-border trade and investment along their shared border.
Read more »
Malaysia’s 2025 ASEAN chair to boost investment, tourism, tradeSeveral proposals were presented to ensure the government could deliver its best while enhancing the country’s image on the global stage.
Read more »
Malaysia remains a top investment destination for Europe and US, nearly RM20bil investment commitments identified(Reuters) - Meta Platforms is in discussions to construct a new data center campus for its artificial intelligence projects, with potential costs exceeding $200 billion, The Information reported on Tuesday, citing people familiar with the matter.
Read more »
Malaysia to Continue Attracting FDI from US, China Despite TariffsInternational Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz reaffirmed Malaysia's commitment to attracting foreign direct investment (FDI) from both the United States and China, despite concerns about US tariffs. He emphasized the stable and unchanged trade and investment relationship between Malaysia and the US, stating that US companies remain the largest source of foreign investments in Malaysia. Tengku Zafrul highlighted Malaysia's commitment to ongoing engagement with the US to address issues such as trade deficits and technology challenges.
Read more »
Tengku Zafrul: Malaysia will pursue own economic interests, no nation should dictate our trade and foreign policiesKUALA LUMPUR, Feb 18 — No nation should dictate Malaysia’s policies-be it on trade, investment, or foreign relations-said Investment, Trade and Industry Minister Tengku Datuk...
Read more »