As global trade faces turbulence from shifting tariff policies, Malaysian officials are emphasizing closer economic ties with the Chinese mainland to mitigate disruptions. During Chinese President Xi Jinping’s recent Southeast Asia tour, Malaysia’s Minister of Investment, Trade and Industry Tengku Zafrul Aziz underscored the strategic importance of bilateral collaboration in a rapidly evolving landscape.
In an exclusive interview, Tengku Zafrul noted that China’s policy initiatives—including efforts to unify domestic and international trade systems—have helped stabilize regional supply chains amid U.S.-led tariff adjustments. \"China remains a cornerstone partner for Malaysia,\" he said, highlighting longstanding cooperation in manufacturing, technology, and infrastructure.
The Chinese Ministry of Commerce has accelerated programs to support foreign enterprises in accessing its domestic market, creating opportunities for ASEAN exporters. Analysts suggest Malaysia’s stance reflects broader regional trends as economies seek diversified partnerships to cushion against external shocks.
With the two nations exchanging over $98 billion in goods annually, stakeholders are monitoring new agreements expected to emerge from Xi’s diplomatic engagements. Business leaders cite renewable energy and digital infrastructure as promising areas for expansion.
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Malaysian trade chief: Deeper China ties vital to tackle trade shocks
cgtn.com