Malaysia Guided By National Interest In Multilateral Engagement, MITI Says After US Warning To BRICS Allies
KUALA LUMPUR, July 7 (Bernama) -- Malaysia’s engagement with any multilateral platform is focused on trade facilitation and sustainable development, guided by national interest rather than ideological alignment, said the Ministry of Investment, Trade and Industry (MITI).
The ministry emphasised that Malaysia would maintain an independent foreign and economic policy.
“The United States (US) remains one of Malaysia’s key economic partners, not only through trade but also through the multi-billion-dollar American investments that have been established in Malaysia for more than 50 years,” MITI said in response to reports about US President Donald Trump warning that countries that align with the “Anti-American policies” of BRICS would face an additional 10 per cent tariff.
Leaders of the BRICS group of nations are currently gathered in Brazil for a summit.
Prime Minister Datuk Seri Anwar Ibrahim arrived in Brazil on Saturday to attend the 17th BRICS Leaders’ Summit at the invitation of Brazilian President Luiz Inácio Lula da Silva.
Brazil is his last stop in a series of official visits to three countries -- Italy, France, and Brazil -- from July 1 to 7.
-- BERNAMA