KUALA LUMPUR, Aug 1 (Bernama) — The government remains firm on matters related to policies in the financial system, government procurements, and Bumiputera interests during negotiations with the United States (US) on reciprocal tariffs, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
He emphasised that Malaysia maintains its position on foreign equity shareholding in strategic sectors to protect domestic industries, while also allowing sufficient opportunities for foreign participation.
“There is a (demand of) maximum shareholding limit for equity foreign shareholdings in strategic sectors, which we also did not agree on, so we did not move to that… in ensuring our domestic industries are protected,” Tengku Zafrul told reporters during a special press conference on the revised US tariff rates on Malaysian exports today.
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