00:00Strategic Economic Partnership
00:02Investment, Trade and Industry Minister Datuk Siri Johari Abdul Ghani
00:07told reporters that the United States is expected to announce the findings
00:10of its investigation into excess capacity involving Malaysia
00:14in about three weeks to four weeks.
00:16He said the investigation into allegations of the forced labor issue might be done,
00:21but Malaysia continues to engage with the US on the definition of excess capacity.
00:26So whatever excess capacity, their definition is include the third country.
00:30That's where we need to manage, right?
00:32So we will still work in progress.
00:35So they indicate to me about three, four weeks,
00:38you know, after that they have to clear the legal or that,
00:41you know, then later on they will announce it, right?
00:43He said the current 10% tariff forms part of a broader US action involving 60 economies,
00:49with Malaysia among 17 economies subjected to the lower tariff rate.
00:53He said Malaysia had engaged with the US and explained to them
00:57that there was no excess capacity in the country.
01:00Earlier, he delivered a keynote address at the 43rd Majeka Jamaica Joint Conference
01:04in Kuala Lumpur on Tuesday.
01:06Majeka stands for the Malaysia-Japan Economic Association,
01:09while Jamaica stands for the Japan-Malaysia Economic Association.
01:13He said bilateral trade between Malaysia and Japan rose 11.8%
01:18to US$23.3 billion in the first seven months of this year
01:22compared with the same period last year.
01:24He said the investments brought technology and management expertise,
01:28strengthened domestic supply chains,
01:30created opportunities for local businesses,
01:32and helped to bring Malaysia into global manufacturing networks.
01:38Distinguished delegates, we will now...
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01:46You
