Malaysia will not bow to external pressure that undermines national policy - Anwar
He said although investment and trade with the US are significant, Malaysia has a "red line" in negotiations -namely the Bumiputera policy - which must not be compromised, even if it is perceived as "discriminatory" by external parties.
PUTRAJAYA - Prime Minister Datuk Seri Anwar Ibrahim has stressed that Malaysia will not bow to pressure that could undermine national policies, including negotiations with the United States (US) related to tariffs.
He said although investment and trade with the US are significant, Malaysia has a "red line" in negotiations -namely the Bumiputera policy - which must not be compromised, even if it is perceived as "discriminatory" by external parties.
In addition, Anwar, who is also the finance minister, stated that procurement and opportunities for local companies must also be protected in negotiations with the US.
He added that Malaysia's approach is more thorough and firm in order to safeguard national interests, while continuing to strengthen trade relations with other countries, including China and Asean, as a step to expand market access.
"That is our red line in negotiations (on tariffs), which is why our approach is more careful and firm.
"We must continue to trade and engage well with all countries, but no country should be allowed to impose conditions that pressure us," he said during a monthly meeting with staff of the Prime Minister’s Department here today. - BERNAMA
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