
Malaysia Anchors ASEAN's Call For Rules In South China Sea
Malaysia is stepping up efforts to advance the South China Sea Code of Conduct (COC) and uphold the Five-Point Consensus on Myanmar, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
In a keynote speech delivered on his behalf by Malaysian Investment Development Authority (MIDA) chief executive officer Sikh Shamsul Ibrahim Sikh Abdul Majid at the ASEAN Business Forum 2025, Tengku Zafrul said Malaysia is also strengthening its engagements with strategic partners across the Gulf Cooperation Council (GCC), Europe, and the United States.
'The recent ASEAN–GCC–China Summit has also positioned our region as a bridge between Asia, the Middle East, and beyond,' he said.
'This trilateral partnership offers an opportunity to combine China's technology and infrastructure capacity, the GCC's energy and capital, and ASEAN's market and industrial dynamism into a new engine for growth and resilience.'
He added that ASEAN's newly operational Geoeconomics Task Force — co-chaired by Malaysia and Indonesia — is already offering real-time economic analysis, scenario modelling, and coordinated policy advice to help the bloc manage risks and seize emerging opportunities.
Tengku Zafrul also stressed that ASEAN ministers have 'reaffirmed an unwavering commitment to a rules-based multilateral trading system, with the World Trade Organisation (WTO) at its core'.
'Our joint statements underscore a mature, forward-looking approach as ASEAN will respond to external shocks not with retaliation, but with deeper engagement, open dialogue, and collective solutions,' he said.
Highlighting ASEAN's resilience, he concluded: 'As the world undergoes a profound realignment, ASEAN's unity and centrality matter more than ever. From the Asian Financial Crisis (in 1997) to the pandemic to the present day, ASEAN has shown the world that collective action, trust, and shared purpose are the bedrock of our success.' Related
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Daily Express
3 hours ago
- Daily Express
Malaysia to focus on aerospace, shipbuilding
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The Sun
6 hours ago
- The Sun
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The Sun
6 hours ago
- The Sun
Malaysia to maintain anti-dumping duties on CRC imports
KUALA LUMPUR: The government has completed the administrative (sunset) review and made an affirmative final determination to continue imposing anti-dumping duties on imports of cold rolled coils (CRC) of iron or non-alloy steel (over 1,300mm wide) from China and Japan, excluding those used for automotive and transformer finwall applications, or tin mill black plate. The Ministry of Investment, Trade and Industry (MITI) said the rate of anti-dumping duties for the Chinese companies are; Angang Steel Company Limited at 4.82 per cent, Maanshan Iron and Steel Co., Ltd (4.76 per cent), Shougang Jingtang United Iron & Steel Co., Ltd (8.74 per cent), and other producers and exporters (26.38 per cent). 'The rate of AD duties for Japanese producers and exporters will be imposed at 26.39 per cent. 'The Royal Malaysian Customs Department will enforce the collection of the anti-dumping duties on the imports of the subject merchandise for a period of five years, effective from June 23, 2025 to June 22, 2030,' it said in a statement today. MITI also noted that the government has made a negative final determination to terminate the imposition of anti-dumping duties and the investigations on the imports of the subject merchandise originating or exported from South Korea and Vietnam, effective from June 23, 2025. 'Interested parties such as local producers, importers, foreign producers and exporters and associations related to the administrative (sunset) review can have access to the non-confidential version of the final determination report by submitting a written request to MITI director of trade practices section,' it said.