Kuala lumpur: The United States (US) has never demanded or raised the issue of Bumiputera rights as one of the clauses in the Agreement on Reciprocal Trade (ART) between Malaysia and the US, said Deputy Minister of Investment, Trade and Industry, Liew Chin Tong.

According to BERNAMA News Agency, there is no need to specifically state exemptions related to Bumiputera rights within the ART commitments. Liew stated that the Ministry of Investment, Trade and Industry (MITI) emphasizes that the MADANI government consistently defends Bumiputera policies. He clarified that the reciprocal trade agreement does not include any clause granting privileges or Bumiputera rights to US companies.

Liew further highlighted that the ART does not necessitate full liberalisation commitments for sensitive economic sectors, ensuring that Malaysia is not required to open access to US companies. He also pointed out that government procurement is not included within the ART commitments.

Meanwhile, Liew mentioned that the ART does not restrict Malaysia from joining any regional trade blocs such as BRICS. He affirmed that the agreement does not hinder Malaysia from aligning with any bloc, reiterating the government’s policy of active neutrality. This stance highlights Malaysia’s need for both the US market and trade with China without aligning itself exclusively with either nation.

Liew assured that the government will continue to monitor the implementation of the ART. Any issues that arise will be addressed in joint committee meetings co-chaired by MITI and US trade representatives once the agreement comes into effect, ensuring it aligns with the nation’s interests.