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Malaysia promotes open global trade

Malaysia reaffirmed its support for an open, transparent, predictable, and rules-based multilateral trading system anchored in the World Trade Organisation, while warning against the rise of protectionism and economic fragmentation, the Ministry of Investment, Trade and Industry (MITI) said in a statement on May 25.

Kuala Lumpur (VNA) – Malaysia is committed to strengthening regional economic cooperation and ensuring the Asia-Pacific remains open, resilient, and conducive to sustainable trade and investment growth.

​This was affirmed by Malaysia's Minister of Investment, Trade and Industry, Johari Abdul Ghani, at the APEC Ministers Responsible for Trade (MRT) Meeting in China, held from May 22-23.

Malaysia reaffirmed its support for an open, transparent, predictable, and rules-based multilateral trading system anchored in the World Trade Organisation, while warning against the rise of protectionism and economic fragmentation, the Ministry of Investment, Trade and Industry (MITI) said in a statement on May 25.

The Malaysian government stressed that regional and large-scale trade agreements should complement, rather than undermine, the WTO framework.

According to MITI, at the meeting Malaysia underscored the importance of strengthening regional cooperation on energy security and supply chain resilience to mitigate the impact of ongoing global disruptions.

The Southeast Asian nation also stressed the need to ensure that digitalisation, the application of artificial intelligence, and green transformation remain viable and accessible, particularly for micro, small, and medium-sized enterprises (MSMEs), through improved interoperability, capacity-building initiatives, and simplified implementation mechanisms.

Malaysia remains committed to working closely with APEC economies to ensure that regional economic integration, digital transformation, sustainability initiatives, energy security, and supply chain cooperation deliver tangible and business-oriented outcomes for the Asia-Pacific region, Johari said.

On the sidelines of the meeting, the Malaysian minister held bilateral discussions with counterparts from China, the United States, New Zealand, Australia, the Republic of Korea, Japan, and Singapore to strengthen strategic economic partnerships and exchange views on current global economic developments.

​The discussions focused on strengthening trade and investment ties, enhancing collaboration in strategic sectors including energy security and resilient supply chains, and reinforcing investor confidence and regional economic resilience./.​

VNA
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