• 2 weeks ago
The economic relationship between Malaysia and the United States will remain stable despite efforts to boost manufacturing jobs in the US, says US Ambassador to Malaysia Edgard D. Kagan.

Speaking at the Penang Institute on Thursday (Dec 5), Kagan addressed concerns about potential US tariffs on Malaysian electronics containing Chinese components, and stressed the importance of supply chain integrity and cautioned against any country enabling the mislabeling of goods.

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Transcript
00:00U.S. Ambassador to Malaysia, Edgar D. Kagan assured that Malaysia-U.S. economic ties will
00:06remain stable despite efforts to boost manufacturing jobs in the U.S.
00:10Speaking at the Penang Institute on Thursday, Kagan noted that while details depend on the
00:15incoming administration, he is confident trade between both countries will continue to thrive,
00:22benefiting both nations.
00:24Addressing potential U.S. tariffs on Malaysian electronics with Chinese components, Kagan
00:29emphasized the importance of supply chain integrity and warned against any country
00:33facilitating the mislabeling of goods.
00:36He highlighted the need to protect intellectual property, noting that companies prefer operating
00:41in secure environments.
00:43Malaysia, with its reliable and trusted 5G network, offers a competitive edge.
00:49Kagan encouraged Malaysia to leverage its 5G infrastructure to attract high-tech investments,
00:55particularly in research and development R&D.
00:58U.S. investments have created approximately 313,000 jobs in Malaysia.
01:04In 2024, Malaysian exports to the U.S. rose by 19.1%, making the U.S. Malaysia's second
01:10largest export market.
01:12Two-way trading goods also grew by 29.1% this year.
01:16In 2022-2023, U.S. companies paid 5.7 billion ringgit in taxes and invested 1.9 billion
01:25ringgit in R&D in Malaysia.

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