Johari Ghani: US forced labour issue resolved, excess capacity still pending
KUALA LUMPUR, Sept 1 — The United States (US) is expected to announce the findings of its investigation into exces...
United States (US) authorities are anticipated to disclose the outcome of their investigation into Malaysia's surplus capacity in approximately three to four weeks, according to Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani. The minister informed reporters that the inquiry is nearly concluded, while Malaysia continues to negotiate with the US regarding the interpretation of excess capacity.
Johari stated that the forced labour issue has been resolved, but excess capacity remains a topic of discussion. Malaysia's primary concern is that the US's definition of excess capacity also encompasses capacity derived from third nations. The US has informed Malaysia that the investigation will take about three to four weeks, followed by legal approval before the official announcement.
Currently, Malaysia maintains its position. During his keynote address at the 43rd MAJECA-JAMECA Joint Conference, Johari clarified that the present 10 per cent tariff is part of a more extensive US action involving 60 economies under Section 301 of the Trade Act 1974. Of these economies, Malaysia is one of 17 that is subject to the reduced tariff rate; the remaining economies face a 12.5 per cent tariff.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
