00:00While the terms of the Malaysia-U.S. trade deal may appear to favor Washington,
00:05economists say it's not all bad news for Malaysia.
00:08In fact, Doris Liu, an economist specializing in Southeast Asian development,
00:13believes the agreement could benefit Malaysia in the long run.
00:17Okay, so I see the pros for Malaysia in this.
00:21Firstly, as I mentioned, the legally binding agreements,
00:23which then shields us from any uncertainty that comes out of the Trump regime.
00:31So these are actually very critical in terms of any policies or investment certainties
00:36both for our domestic industries and for foreign companies that want to invest in Malaysia,
00:42particularly U.S.-based companies,
00:44they provide a bit more certainty of where the relations between those two countries are.
00:49Second, it also signals certain kind of strategic alignment with the U.S.,
00:54depending on cooperation in a few areas like semiconductor intact in agriculture.
01:00In a way, it may incur some supply chain and investment flows between the two countries.
01:05Of course, while this agreement does provide significant preferential market access to the U.S. goods,
01:12so some of the industries listed here are chemicals, machinery, metals, dairy, horticulture.
01:20So this actually creates a lot of commercial space for the U.S. exporters,
01:24and this may create some pressure points for the domestic producers.
01:28But that said, right, this does not necessarily mean that we are at a loss here,
01:33because U.S. products, first, if it's a similar quality with the Malaysian or locally produced products,
01:41then they may still struggle with pricing mechanisms.
01:44So it really depends on the market mechanism, how competitive they can be,
01:48even with this preferential asset.
01:52And second, with Malaysia already still importing a large set of food from other countries,
01:59this actually gives us broader supply choice,
02:01so this is not a structural damage.
02:04Third, I think that in terms of imports from the U.S.,
02:09we can look into more high technologies kind of imports.
02:13Some of the things listed were like data centers, innovation-related imports
02:18that Malaysia can adopt, can import from the U.S.
02:22to upgrade our existing supply chain.
02:25So other things, they don't know about us,
02:27because it's not fundamental 68,
02:28but there are no rules in the world,
02:30which in terms of Albina is very old.
02:30Some of the things that we're going to use not in America has is purely top billed,
02:31but it's only in the right direction they've been to the government,
02:32where we are going to use persuade them from other countries,
02:33but it's also under–
02:34why there are these kinds of crupolitics where we have the brush
02:35or plumbing costs only for them,
02:35or maybe they are changing zeichcards under the form.
02:37So then we're going to put another part of the safety of the band.
02:38The companies that are particularly good for them are so Septu use for feeding them.
02:38Inhmies,
02:39I think through this stuff that a lot of this issue,
02:40means that the bacteria really is lubes are super important,
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