Malaysia S Sovereignty Protected Agc Says On Us Trade Deal

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The Attorney-General's Chambers lists the safeguards for Malaysia provided in the reciprocal trade agreement signed with the US.The Attorney-General’s Chambers said Malaysia’s implementation of obligations and commitments under the agreement is subject to domestic law and applicable domestic procedures.KUALA LUMPUR: The Attorney-General’s Chambers has given an assurance that Malaysia’s sovereignty and national interests remain fully protected under the reciprocal trade agreement signed with the US on Oct 26
It said Malaysia’s implementation of obligations and commitments under the agreement is subject to domestic law and applicable domestic procedures.
It noted that the agreement provides for consultations in good faith between Malaysia and the US on issues related to its implementation, before either party may take action against the other under Article 7.4(2).
“Malaysia also retains the right to terminate the agreement at any time by written notice to the US without needing US consent, under Article 7.5 of the agreement.
“These protections are intended to safeguard Malaysia’s sovereignty and protect national interests at all times,” it said in a statement.
The AGC said the agreement, signed during the 47th Asean Summit, will only come into effect 60 days after both parties confirm completion of their internal legal processes.
It also pointed out that the investment, trade and industry ministry, which led the negotiations on the deal with the US trade representative, had received Cabinet approval before finalising the agreement.
It said both countries would continue to honour their rights and obligations as members of the World Trade Organization, as stated in the trade deal.
Critics of the agreement include former prime minister Muhyiddin Yassin, who described it as containing “vague provisions and time bombs”, while former prime minister Dr Mahathir Mohamad said he did not expect to see “independence handed over” in his lifetime.
However, Prime Minister Anwar Ibrahim dismissed their criticisms of the deal as being politically motivated.
Other opposition leaders have also questioned a requirement for Malaysia to “adopt or maintain” any prohibition or restriction imposed by the US on third countries deemed a threat to its economic or national security. - FMT

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