Through the CPTPP, exporters can access non-traditional markets such as Canada, Mexico and Peru and, for the first time, gain preferential access to the UK market, which had previously been subject to regular tariffs, said a Malaysian official.
A senior economist noted that export growth is expected to moderate next year, as the electronics and electrical (E&E) sector depends on the global semiconductor upcycle. Meanwhile, slower economic growth in Malaysia’s major trading partners could weaken external demand in 2026.
Malaysia’s economy grew 4.4% year-on-year in the second quarter, matching the previous quarter’s growth but slightly below the 4.5% forecast.
