PETALING JAYA, July 15 — Transport Minister Anthony Loke hopes the ongoing negotiations with the United States (US) government, ahead of the potential imposition of a 25 per cent tariff rate on Malaysia from August 1, will help mitigate the impact on the country’s maritime industry and ensure it remains competitive.
He said the maritime sector is currently performing well, supported by higher trade volumes at ports operated by MMC Corporation Bhd and Westports Holdings Bhd.
“Currently, we are doing well. If you look at our ports, they are performing strongly because volumes have increased.
“In fact, we are awaiting the announcement by Lloyd’s List this August that will confirm that Port Klang is among the top 10 busiest ports in the world,” Loke told the press after officiating the Malaysia Maritime Week today.
Hence, the government is doing its utmost to leverage all available diplomatic channels to secure a better deal with the US.
“We are using our diplomatic advantages to negotiate a better outcome so that we can hopefully mitigate any negative impact,” he said.
— Bernama
