KUALA LUMPUR, Oct 29 — The government hopes that the country's recent recognition as a BRICS partner will contribute to economic growth and export expansion over the long term, said the Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.
He highlighted Malaysia's potential to play a key role in strengthening the global supply chain, particularly in critical sectors like semiconductors and other strategic industries.
“We have gained the trust of BRICS members in the country's leadership.
"BRICS countries currently account for approximately 26 per cent of the world's gross domestic product, nearly matching the economic strength of the G7 nations,” Tengku Zafrul said during the question-and-answer session in the Dewan Rakyat today.
He was responding to Gombak MP Dato' Seri Amirudin Shari's supplementary question on the impact of Malaysia's inclusion as a BRICS partner country.
Meanwhile, Tengku Zafrul emphasised Malaysia’s clear stance of not exploiting international trade conflicts.
“Malaysia has always adhered to the policy of non-alignment with any major economic power in handling international issues, including the trade war involving the United States (US), China, and Russia.
“To avoid being entangled in global trade disputes among major economic powers, the government will continue to prioritise diplomatic relations and trade ties with all countries,” he said.
The minister added that Malaysia will continue to enhance diplomatic relations to maintain positive trade ties with all trading partners, including the US, China, and Russia, as well as non-traditional trading partners.
“Malaysia, as an open trading nation, always believes in the open-economy approach and having friendly policies. We want to be pragmatic and foster a conducive trade and investment climate,” Tengku Zafrul said.
— Bernama
