Washington, DC – The National Foreign Trade Council endorsed the launch of negotiations with Malaysia to establish a U.S.-Malaysia Free Trade Agreement (FTA).
“Southeast Asia is growing at a tremendous pace. Malaysia is one of the region’s largest and most rapidly developing nations. A comprehensive and high-standard U.S.-Malaysia FTA will strengthen America’s trade and economic relations with an important trade partner in a vital region,” said Mary Irace, NFTC’s Vice President for Trade and Export Finance.
Malaysia is already a major exporter to the United States with more than 80 percent of their exports entering the U.S. tariff-free. “A U.S. free trade agreement with Malaysia will level the playing field for American workers, farmers, and businesses and create new opportunities for trade and investment in both countries,” said Irace.
“The NFTC is enthusiastic about the prospect of a comprehensive and commercially meaningful US-Malaysia FTA. It holds great promise for bolstering the US-Malaysian trade relationship and our broader trade agenda,” Irace concluded.