Prime Minister Najib Tun Razak and his wife Datin Seri Rosmah Mansor are greeted after arriving at Andrews Air Force Base, Maryland (Source: Bernama)Kuala Lumpur (VNA) - GettingMalaysia off the “trade cheats” list of the US and kick-starting talks on abilateral free trade agreement (FTA) will be among the issues on the cards asUS and Malaysian officials meet in Washington this week, The Star reported.
Malaysian InternationalTrade and Industry Minister Datuk Seri Mustapa Mohamed, who accompanied PrimeMinister Najib Tun Razak on his working visit to the US from September 11-13,will hold separate discussions with US Trade Representative Robert Lighthizerand Commerce Secretary Wilbur Ross.
In March, the US labelled16 countries as “trade cheats” that had caused it to face a trade deficit ofalmost 50 billion USD. Malaysia is included in the list, according to thearticle.
Malaysian trade officialssaid the visit would be an opportunity for Malaysia to explain the trade datadiscrepancy recorded, and that Malaysia’s contribution to the US trade deficit ingoods in 2016 was only 3.37 percent.
Trade between Malaysia andthe US increased by 20.3 percent to over 22 billion USD between January andJuly this year. Exports grew by 11.1 percent and imports went up by 33.1percent during the period.
Last week, PM Najib alsoannounced that Malaysia and the US may look into forging a bilateral tradearrangement following the US’s pullout from the Trans-Pacific PartnershipAgreement. - VNA
Malaysian InternationalTrade and Industry Minister Datuk Seri Mustapa Mohamed, who accompanied PrimeMinister Najib Tun Razak on his working visit to the US from September 11-13,will hold separate discussions with US Trade Representative Robert Lighthizerand Commerce Secretary Wilbur Ross.
In March, the US labelled16 countries as “trade cheats” that had caused it to face a trade deficit ofalmost 50 billion USD. Malaysia is included in the list, according to thearticle.
Malaysian trade officialssaid the visit would be an opportunity for Malaysia to explain the trade datadiscrepancy recorded, and that Malaysia’s contribution to the US trade deficit ingoods in 2016 was only 3.37 percent.
Trade between Malaysia andthe US increased by 20.3 percent to over 22 billion USD between January andJuly this year. Exports grew by 11.1 percent and imports went up by 33.1percent during the period.
Last week, PM Najib alsoannounced that Malaysia and the US may look into forging a bilateral tradearrangement following the US’s pullout from the Trans-Pacific PartnershipAgreement. - VNA
VNA
