KUALA LUMPUR, April 28 — Malaysia believes there is a need to revisit commitments to sustainable development, efficient global resources and fair and balanced trade among...
Penang should learn from Selangor on how to go from backend chip manufacturing to front-end design work, says Guan Eng
Its minister Datuk Seri Tengku Zafrul Abdul Aziz said countries must have shared values which will result in trade policies that can contribute to equitable and sustainable development.“The proliferation of trade-related environmental measures such as the threat of environmental, social and governance by developed countries is among the most important aspects of international trade,” he said during the meeting of the equitable transition alliance.
Citing a report by the World Trade Organisation, environmental goods and services face an average tariff of 4.3 per cent along with numerous non-tariff measures. “Such barriers necessitate a collaborative approach where developed countries not only impose these standards but also facilitate the means for compliance through technical and financial support,” he added.
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