ISDS Case Map
Malaysia
A fair pact will elude India if US bases its negotiations on deals with Malaysia and Cambodia.
China complained to Malaysia and Cambodia about the trade deals they signed with the US last month, underscoring the delicate balance countries must strike in the rivalry between Beijing and Washington.
Malaysia has no plans to renegotiate its trade deal with the US, and the government is focused on making sure all ministries follow the agreement, said Investment, Trade and Industry minister.
The Malaysia-US trade agreement is widely criticized by organizations like Sahabat Alam Malaysia and the Comsumer's Association of Penang for undermining national sovereignty, forcing Malaysia to align with US foreign policy, accept unverified US health standards, and forgo vital fiscal tools like digital taxes and border tax adjustments.
Malaysia’s government has been forced to defend its new trade deal with the US after opposition politicians, analysts and civil society groups warned that the deal was “one-sided” and could compromise the country’s sovereignty.
Malaysia and New Zealand are aiming to complete the review of the Malaysia-New Zealand Free Trade Agreement (MNZFTA) by the end of the year, as confirmed by Prime Minister Datuk Seri Anwar Ibrahim during a bilateral meeting on the sidelines of the 47th ASEAN Summit.
An early review of the texts reveals new handouts to Big Tech and other corporate interests, with little to nothing that will help working people in the US.
Questions are now being raised over the contents of a trade agreement which includes clauses requiring Malaysia to consult Washington before engaging in trade with a third country.
Malaysia has committed to the expedient development of its critical minerals and rare earths sectors in partnership with United States companies, including granting extended operating licences to create certainty for businesses to increase production capacity.
