00:00U.S. Ambassador to Malaysia, Edgar D. Kagan assured that Malaysia-U.S. economic ties will
00:06remain stable despite efforts to boost manufacturing jobs in the U.S.
00:10Speaking at the Penang Institute on Thursday, Kagan noted that while details depend on the
00:15incoming administration, he is confident trade between both countries will continue to thrive,
00:22benefiting both nations.
00:24Addressing potential U.S. tariffs on Malaysian electronics with Chinese components, Kagan
00:29emphasized the importance of supply chain integrity and warned against any country
00:33facilitating the mislabeling of goods.
00:36He highlighted the need to protect intellectual property, noting that companies prefer operating
00:41in secure environments.
00:43Malaysia, with its reliable and trusted 5G network, offers a competitive edge.
00:49Kagan encouraged Malaysia to leverage its 5G infrastructure to attract high-tech investments,
00:55particularly in research and development R&D.
00:58U.S. investments have created approximately 313,000 jobs in Malaysia.
01:04In 2024, Malaysian exports to the U.S. rose by 19.1%, making the U.S. Malaysia's second
01:10largest export market.
01:12Two-way trading goods also grew by 29.1% this year.
01:16In 2022-2023, U.S. companies paid 5.7 billion ringgit in taxes and invested 1.9 billion
01:25ringgit in R&D in Malaysia.
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