Kuala lumpur: A comprehensive assessment, including a cost-benefit analysis of the Agreement on Reciprocal Trade (ART), is underway to ensure that any decision is based on national interests and complies with Malaysia's commitments, obligations, and policy space.
According to BERNAMA News Agency, the Ministry of Investment, Trade and Industry (MITI) stated that the study's findings will be presented to the Cabinet for discussion and consideration before any further action is taken.
The ministry elaborated that the government, through MITI, is thoroughly reviewing the scope and implications of the United States' measures, especially regarding their impact on market access, trade costs, and the country's supply chains. This statement was posted on the Parliament's website in response to Senator Musoddak Ahmad's inquiry about the government's assessment of the implications of commitments to adopt US standards and ensure market access for local industries on their competitiveness.
MITI also clarified that the ART, signed on October 26, 2025, has not yet come into effect. Therefore, any commitments related to the adoption of standards and market access remain subject to existing domestic processes and regulations.