KUALA LUMPUR, Aug. 4 -- Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz said Malaysia has agreed to a series of trade concessions in response to demands from the United States (US) to safeguard the country's export-driven economy and protect local jobs.
He explained that the United States remains Malaysia's largest export destination, with exports reaching RM198.65 billion in 2024, and is also a major source of foreign investment, contributing RM32.82 billion to date.
"..... Any changes in US trade policy cannot be taken lightly, as they could have a negative impact on Malaysia's economy.
"For example, it is estimated that up to 100,000 workers, particularly in Penang and Kedah, could be at risk of losing th...
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