Overreliance on US risky, focus on intra-Asean trade: Nazir Razak

KUALA LUMPUR – The latest tariff hike imposed by the United States on Malaysia should serve as a timely reminder for Putrajaya to strengthen intra-Asean trade and expand engagement with other global partners, says Tan Sri Nazir Razak. 

Nazir, who chairs the Asean Business Advisory Council (Asean BAC), said Malaysia must avoid overdependence on any single trading partner, regardless of its economic weight. 

He noted that while the US is a major market, the global market is much larger. 

“This (tariff) episode should serve as a timely reminder to enhance intra-Asean trade and deepen our engagement with other countries and regions,” he said in a written exclusive to Scoop. 

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