KUALA LUMPUR, March 31 ― Malaysia is better off having trade agreements with both China and the United States (US) rather than being left out of any agreement or being part of an...
KUALA LUMPUR, March 31 ― Malaysia is better off having trade agreements with both China and the United States rather than being left out of any agreement or being part of an exclusive trade bloc, said the World Bank Group.
Mattoo said trade tensions between the US and China, who are each other’s largest trading partners, are shifting trade towards third countries. He said the economic update also pointed out that after the US and China imposed trade restrictions on each other, exports from both countries to some East Asia and Pacific economies, including Malaysia, increased.
“Lastly, export restrictions not just on bilateral trade but on where, for example, semiconductors will eventually be sold, or products which incorporate semiconductors from one country will be eventually sold, or the ultimate source of inputs and current products that will be imported,” he added.
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