00:00YB, you mentioned that the third strategic trust is ASEAN Central Local Supply Chain.
00:05What's the outlook there? Because there's crackdown and everything, it's all that's going on.
00:09So how can we navigate that with ASEAN as a platform and everything?
00:30Some of the concerns by industry. So we have always been successful in navigating to ensure that ASEAN continues to be a region that is non-aligned.
00:41And we are always together in our positioning of ASEAN as an area where it is conducive and safe to build your investment.
00:52Especially when companies all over the world are re-looking at realigning their supply chain because of the geopolitics that you mentioned.
01:01And ASEAN should take this opportunity to position ourselves to capture opportunities for investments to come into ASEAN.
01:16Already the last three years, investments or FDI into ASEAN has shown positive growth against the backdrop of a negative FDI globally.
01:24YB, I just want to ask. You said ASEAN would be a neutral base, but given that the US is having a crackdown on exports and stuff,
01:33so how can we maintain neutrality with all the ongoing tariffs and measures within even ASEAN?
01:39Yeah, but neutral doesn't mean we have a position. The tariff is not about us not being neutral or of us being neutral.
01:51The tariff is on issues which we can then engage. There are views that maybe it is obviously for domestic purposes.
02:01Maybe US have their own views about how tariff can help their industries, how tariff can stop unfair competition, etc.
02:13So that is not about being neutral or not being neutral. It's about economics, right?
02:17So here, Malaysia and the region date to engage the US or any other countries that impose tariff to explain why this tariff is not fair.
02:28And if it's fair, we need to then look at how we can ensure that our industries remain competitive.
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