DATUK Seri Anwar Ibrahim said Malaysia has taken several proactive measures to ensure that its electrical and electronics (E&E) exports to the United States remain unaffected amid the global trade war due to tariffs under President Donald Trump's administration.
According to reports in The New Straits Times, the prime minister said Malaysia continues to engage with the US to clarify that it complies with all regulations and does not violate any agreements or conditions set by the United Nations.
"It is true that Malaysia's exports of E&E, semiconductors, and chips to the US are significant, accounting for approximately 26 per cent of US demand. I agree that we cannot take this lightly.
"That is why we have taken several early measures. First, we continue to engage with the US to clarify that we comply with all regulations and do not violate any agreements or conditions set by the United Nations.
"Second, we are expanding our trade networks to ensure that our exports are not overly dependent in just a few countries but are diversified into other markets," he said during the Prime Minister's Question Time in the Dewan Rakyat today.
He added that a high-level committee, overseen by the Investment, Trade and Industry Minister is closely monitoring the issue so that any potential impact remains minimal compared to the current trade pressures.
He was responding to a question from Datuk Seri Doris Sophia Brodi (GPS-Sri Aman) who asked about the implications of these trade sanctions on Malaysian companies, particularly in the E&E sector related to semiconductor chip manufacturing and how Malaysia is preparing for it. – February 4, 2025
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