Tengku Zafrul: Malaysia concludes free trade deal talks with South Korea, signing set for October
AI Summary
Malaysia has finalized a free trade agreement (FTA) with South Korea, expected to be signed in October. Investment, Trade and Industry Minister Tengku Zafrul Aziz announced the agreement during an Invest Malaysia event, highlighting its importance for broader market access amid geopolitical uncertainties. Malaysia has concluded 18 FTAs to date and resumed talks with the EU. Tengku Zafrul emphasized Malaysia's commitment to neutral foreign policy, engaging all countries equally, including BRICS nations, despite potential pressure. He also highlighted ASEAN's resilience and evolving opportunities despite global challenges, including semiconductor tariffs and transshipment issues.
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