Malaysian Minister More Hopeful After Trade Talks with US

Malaysia’s Trade Minister is more optimistic about achieving a deal with Washington to reduce tariffs, he said on May 15, after a meeting with his US counterpart.

Minister of Investment, Trade and Industry Tengku Zafrul Aziz met US Trade Representative Jamieson Greer on the sidelines of a two-day gathering of trade ministers from 21 member economies of the Asia-Pacific Economic Cooperation (Apec) group.

It was his second meeting with Mr Greer since the South-east Asian country officially started negotiations with Washington two weeks ago.

“We’re moving in the right direction, and recently, we’ve also seen the de-escalation between the US and China over the weekend in Geneva, and before that there was an announcement as well with the UK and US,” Datuk Seri Zafrul told Reuters in an interview on the sidelines of the Apec meeting on South Korea’s resort island of Jeju.

“So, we think, at the end of the day, if we can show a win-win solution for both countries, we should come to an amicable agreement,” he said.

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